Competitive interactions: the international investment patterns of Japanese automobile manufacturers

• 成果类型: Article
• 署名作者: Rose, Elizabeth L.; Ito, Kiyohiko
• 署名单位: University of Hawaii System; University of Hawaii Manoa; Victoria University Wellington
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400391
• 发表日期: 2008
• 页码: 864-879
• 关键词: FDI location and timing; Internationalization theories and foreign market entry; OLIGOPOLISTIC REACTION

摘要

Analyzing the timing, patterns, and competitive interactions of foreign direct investments (FDIs), we find evidence that Japanese automobile manufacturers compete selectively with their domestic rivals. While some firms appear to follow rivals' investments, they also steer away from markets with incumbent Japanese competitors. Competing in some key markets, these firms also avoid unnecessary competition in other markets. This finding provides evidence that the bandwagon effect'' is not universal for FDI within oligopolistic industries.