| Description |
1 online resource (20 pages) |
| Series |
IMF working paper, 1018-5941 ; WP/15/183 |
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IMF working paper ; WP/15/183.
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| Contents |
Cover -- Contents -- I. Introduction -- II. Investment Trend by Different Types of Firms -- III. Panel Regression with Firm-Level Data -- IV. Conclusion -- Figures -- 1. Investment in Plant and Equipment -- 2. Growth Rate in Investment -- 3. Return on Assets -- 4. Return on Equity -- 5. Debt-to-Asset Ratio -- 6. Short-term Debt to Long-term Debt Ratio -- 7. Credit to the Private Non-Financial Sector -- 8. Liquidity Ratio -- 9. Return on Assets -- 10. Leverage Ratio -- 11. Liquidity Ratio -- 12. Investment in Plant and Equipment -- 13. Investment by Manufacturing Sector -- 14. Overseas Investment -- 15. Exports v.s. Sales of Overseas Subsidiaries -- 16. Total Investment by Size -- 17. Total Investment by Overseas Operations -- 18. Investment Ratio & -- Q Ratio -- 19. Investment Ratio & -- Cash Flow -- 20. Investment Ratio & -- Leverage Ratio -- 21. Investment Ratio & -- Lagged Investment Ratio -- Appendix -- Lagged Investment -- References |
| Summary |
"The authors trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. They find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a trend increase in production offshoring, investment by large companies, especially those in the transportation sector, is more positively associated with cash flow while responding less to Q ratio. These findings are consistent with the subdued recovery of private investment in recent years despite booming stock markets and the large build up of cash holdings by Japanese corporates."--Abstract |
| Notes |
"July 2015." |
| Subject |
Offshore outsourcing -- Japan
|
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Capital investments -- Japan
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Manufacturing industries -- Japan
|
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Economic development -- Japan
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Investments, Foreign -- Japan
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Capital investments
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Economic development
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Investments, Foreign
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Manufacturing industries
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Offshore outsourcing
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Japan
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| Form |
Electronic book
|
| Author |
Piao, Shi, author.
|
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International Monetary Fund. Asia and Pacific Department.
|
| ISBN |
1513569945 |
|
1513557297 |
|
9781513557298 |
|
9781513569949 |
|
