Nakano, Makoto. <br/><br/>
Reliance on Foreign Markets: Multinationality and Performance  [electronic resource] / 
by Makoto Nakano, Bayanjargal Purevdorj. 
 - IX, 35 p. 2 illus.  online resource. 
 - SpringerBriefs in Business,  2191-5482 .
 - SpringerBriefs in Business, .
<br/><br/>1. Introduction -- 2. Theory and Prior Evidence on Multinationality. 2.1 Benefits and Costs of Multinationality. 2.2 Prior Empirical Evidence on Multinationality and Performance -- 3. Hypotheses.3.1 Multinationality and Profitability. 3.2 Multinationality and Firm Value -- 4. Description of Data and Methodology. 4.1 Description of Data. 4.2Trends in Overseas Operations of Japanese Multinational Companies.4.3 Model -- 5.Empirical Results. 5.1 Descriptive Statistics and Correlations. 5.2 Results and Discussion -- 6. Robustness Check and Additional Tests. 6.1 Alternative Measurement Test. 6.2 Regional Breakdown Test -- 7. Conclusion. 
<br/><br/> This study examines the relationship between multinationality and the performance of Japanese manufacturing companies during the period 1999-2008 by using geographic segment information. Despite the enormous interest in and importance given to multinationality from the academic and business worlds, prior findings about the multinationality-performance relationship are conflicting and inconsistent. The overall results of the present study show that multinationality has a positive impact both on accounting performance and on market-based performance. In additional tests, Japanese electric and electronic equipment companies' reliance on the Asian market was found to have a negative impact on profitability and no significant impact on firm value, whereas reliance on other foreign markets such as the Americas and the EU had a positive impact on profitability and firm value. The multinationality-performance relationship cannot be generalized and varies among geographic regions. This book contributes to both the multinationality-performance literature and the geographic segment reporting literature by offering empirical evidence about Japanese manufacturing companies and comparing them with prior findings about American companies. 
<br/><br/><label>ISBN: </label>9784431545620 
<br/><br/><label>Standard No.: </label>10.1007/978-4-431-54562-0  doi 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Business.<br/>Accounting.<br/>Bookkeeping.<br/>Marketing.<br/>Globalization.<br/>Markets.<br/>Finance.<br/>International economics.<br/>Business and Management.<br/>Accounting/Auditing.<br/>Finance, general.<br/>Marketing.<br/>International Economics.<br/>Emerging Markets/Globalization.
<br/><br/><label>LC Class. No.: </label>HF5601-5688 HF5667-5668.252 
<br/><br/><label>Dewey Class. No.: </label>657