The Impact of Tohoku Earthquake on The Performance of Outward Foreign Direct Investments For Japanese Firms

• Main Authors: LAI,YI-CHEN, 賴伊晨
• Other Authors: SUN, MEI-JUI
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/63727568070819831271

碩士 === 東吳大學 === 國際經營與貿易學系 === 104 === In order to further pursue the sustainable operation and development, the conpanies keep increasing the foreign direct investments. The fatal disaster of the earth quake in the northen-east in Japan taking place in 2011/3/11 has a huge impact on the social develeopment and economy of Japan. Given that Taiwan has the same situation as Japan in terms of the pacific ring of the earhquake resulting in the constant earthquake, this research is to help the Taiwan enterprises to faciliate the international configation in the future through the Japan enterprises’ behavior after the a fatal disaster. This research investigates the degree of internationalization of the Japanese enterprises based on the Dunning’s eclactic theory, specifically for Japanese enterprises’ foreign direct investment after the Japan 311 earthquake. , The data of 3397 samples was collected from the SDC Platiunm database of worldwide mergers & acquisition, database of bussiness start-ups, database of the Eol AsiaOne nine asian countries bussinesses and the Compustat finanical database that addresses the data of Japanese enterprises investing worldwide. This study used the Analysis of Variance to analyize the differences of quanties, areas and the industrial distribution Japanese enterprieses have invested before and after the earthquake. Moreover, this study is also based on the Eclactic Theroy to apply the Multiple Regression Analysis on the determining factors of the degree of internationalization of the Japanese enterprises via the ownership and location advantagage. The results show that the Japanese enterprises immediately increased FDI after the earthquake. The shift of the invested industry has become a inevitale phonomenon after a huge disaster. The investments were significantly located on the North America and Europe, mostly related to the mining and manufacturing industry. In the perspective of the overall impact on the determining factors of the FDI, the study finds the R&D resources (ownership advantages) are correlated positively to the degree of internationalization of Japanese companies, while the enterprise sizes (ownership advantages) are correlated negatively to the internationalization of Japanese companies. The analysis of the main factors affecting the degree of internationalization are the R&D resources and the enterprise sizes after the earthquake.