Please use this identifier to cite or link to this item: https://doi.org/10.1007/s11156-008-0103-x
Title: Implications of firm experiential knowledge and sequential FDI on performance of Japanese subsidiaries in Brazil
Authors: Ogasavara, M.H. 
Hoshino, Y.
Keywords: General knowledge
Japanese FDI
Market-specific knowledge
Sequential investment
Subsidiary performance
Issue Date: Jul-2009
Source: Ogasavara, M.H., Hoshino, Y. (2009-07). Implications of firm experiential knowledge and sequential FDI on performance of Japanese subsidiaries in Brazil. Review of Quantitative Finance and Accounting 33 (1) : 37-58. ScholarBank@NUS Repository. https://doi.org/10.1007/s11156-008-0103-x
Abstract: A foreign firm investing in a culturally different market usually faces a certain level of uncertainty. This study proposes that as a multinational company accumulates experiential knowledge, it develops more capabilities and know-how and consequently reflects on subsidiary performance. Based on a subsidiary level sample of Japanese firms located in Brazil, the empirical findings of this study demonstrate that the accumulation of both international and local experiential knowledge can positively affect subsidiary performance. Moreover, a firm's sequential foreign direct investment decision in the local market is a key strategy to achieving a higher level of subsidiary profitability in comparison with a first-time investment firm. © 2008 Springer Science+Business Media, LLC.
Source Title: Review of Quantitative Finance and Accounting
URI: http://scholarbank.nus.edu.sg/handle/10635/130854
ISSN: 0924865X
DOI: 10.1007/s11156-008-0103-x
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