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Investment and Export-Led Industrialization: Financial Constraints and Export Promotion of East Asian Firms

Mamoru Nagano
경제연구소 (Hanyang Economic Research Institute)|2005.06|Journal of Economic Development|제30권 제1호|pp. 81-94

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참고문헌

주제분류경제학

초록

Abstract

This paper aims to empirically examine the determinants that influence the investment decisions of firms in East Asia, a region that propelled its growth through a predominantly export-led industrialization strategy. Empirical results suggest that a firm’s cash flow, representing internal funding capability, have significantly positive relationship on firm investment decisions in all the sample countries in the region. In addition, the study found that export expansion led to increasing internal funding capability, which had a positive influence on the firm’s investment decision.

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관련 논문AI추천

Growth and Investment in East Asia Before and After the Financial Crisis이종화, Robert J. Barro경제연구소 · Seoul Journal of Economics2003 · 제16권 제2호OVERBORROWING AND OVERRINVESTMENT IN EAST ASIA: THE CASE OF THE KOREAN FIRMSJAI-WONRYOU, TAE-JOONKIM한국경제학회 · The Korean Economic Review2003 · 제19권 제2호Cumulative Trade and Economic Growth in the East Asian Countries손완표, M. ISHAQ NADIRI한국경제학회 · The Korean Economic Review2004 · 제20권 제1호Foreign Direct Investment, Host country Productivity and Export: The Case of U.S. and Japanese Multinational AffiliatesAdugna Lemi경제연구소 · Journal of Economic Development2004 · 제29권 제1호The Internationalization and Performance of Korean and Japanese Firms: An Empirical Analysis Based on Micro-Data권혁욱, Kyoji Fukao, Sanghoon Ahn경제연구소 · Seoul Journal of Economics2004 · 제17권 제4호IS EXPORT-LED INDUSTRIAL DEVELOPMENT A VIABLE POLICY? SOME EMPIRICAL EVIDENCEJeffrey A. Mills, Peter Cashel-Cordo, Sudesh Mujumdar사람과세계경영학회 · Global Business and Finance Review2005 · 제10권 제1호

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