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. ?
| ISBN: | 9784431545613 |
| Publication date: | 22nd November 2013 |
| Author: | Makoto Nakano, Bayanjargal Purevdorj |
| Publisher: | Springer an imprint of Springer Japan |
| Format: | Paperback |
| Pagination: | 35 pages |
| Series: | SpringerBriefs in Business |
| Genres: |
Accounting Finance and the finance industry Sales and marketing International economics Development economics and emerging economies |