日本促进产业竞争力策略

要分析日本企业的对中国直接投资战略，有必要分析日本的经济结构改革与日本竞争力的现状，因为这是日本企业驿中国投资战略决策的国内环境。     

中日奢侈品市场发展现状、投资条件比较分析（英文）

近几十年来奢侈品市场的繁荣可能尤其要归功于亚洲市场的成功,特别是日本和中国市场。本篇论文旨在比较分析中国和日本两国市场的投资条件包括市场规模、消费者心理、竞争力和投资环境。结论是:相较于日本奢侈品市场现阶段的萧条,中国奢侈品市场的现状和未来增长趋势,使中国成为国际奢侈品企业渠道扩张的理想投资目的地。     

广东省房地产投资环境评价研究——基于熵权法的分析

房地产投资质量的关键影响因素是其投资环境,因此做好房地产投资环境的评价工作是投资商选择投资地的重要前期工作。本文选择经济环境、自然环境、基础设施环境以及生活服务设施环境四个方面作为投资环境的主要参考变量,利用熵权法对广东省10个城市的投资环境进行了评价分析,为投资商的投资选择提供一定的借鉴意义。     

日本吸引外国直接投资的环境分析

近年来，日本政府逐渐认识到了引进外国直接投资的重要性，陆续采取了许多政策和措施促进外国直接投资的引进．随着日本政府的努力和进入的外国直接投资数量的增加，日本的投资环境发生了很大的变化，通过对这些变化的分析，可以客观地评价日本吸引外国直接投资环境的改善和存在的问题，进而发现其发展变化的趋势。     

论日本海外直接投资的区位战略及其对日本经济的影响

80年代后期以来,随着国际经济环境的深刻变化和日本经济实力的显著增强,日本的海外直接投资以前所未有的规模迅速扩展,截止1992年3月底,日本海外直接投资累计额高达3,524亿美元。与此同时,日本海外直接投资的地区流向发生了巨大变化,现已形成了以北美为重点,欧共体、拉美和东南亚齐头并进的投资格局。分析探讨这一格局及其对日本经济的     

日本对外直接投资结构的变化及我国的对策

我国对外开放以来,一直对吸收日本的资金和技术抱很大的希望。然而迄今为止,日本对华直接投资的情况却不尽如人意。究其原因,除我国投资环境方面的原因外,在很大程度上与外部投资环境,特别是与日本对外直接投资结构的变化有关。因此,了解日本对外直接投资结构的变化,采取相应的外资政策,乃是加速我国对外开放步伐的重要前提。     

日本对西欧开展直接投资决定因素的实证分析

以日本对西欧发达经济体的直接投资额为因变量，将经济规模、出口额、人口、投资环境等因素作为自变量引入引力模型之中，利用引力模型对2008年日本向西欧各发达经济体直接投资情况进行计量经济学的分析，结果显示GDP、出口额、人口、人均国民收入等经济变量都能较好地解释日本对西欧发达经济体直接投资的地域分布情况。其中GDP、出口与日本对外直接投资流出量呈正相关关系，人口、人均国民收入与日本对外直接投资流出量呈负相关关系。     

中国加入WTO过渡期结束后的日本中小企业对华投资

2006年底,中国加入WTO过渡期结束。向境外投资者更为开放的中国市场,对日本中小企业而言,既是重要机遇,又是严峻挑战。面对中国国内投资环境的变化,日本中小企业对华投资也出现了一些新的动向。本文在对这些新动向作出分析的基础上,剖析了日本中小企业对华投资变化的深层原因,也指出了日本中小企业对华投资可持续发展应予以关注的若干影响因素。     

大地震后外资对日本直接投资新特点与积极效应

长期以来,日本都是"对外直接投资大国、对内直接投资小国①"。然而,东日本大地震加快了日本经济国际化步伐,促使日本政府积极创造良好的投资环境来吸引外资,而中国企业则成为日本吸收外资的主要来源国。显然,外国企业增加对日直接投资,将推动日本公司治理结构的改革,有利于日本建立具有竞争力的雇佣制度和企业关系,从而构建"新日本经营模式"。为了进一步推动跨国公司在日本的技术研发和投资,日本必须抓紧构筑新的竞争优势和战略。而中国企业应加快中日"双向投资"步伐,提高其投资效率。     

中国和亚洲“四小”投资环境比较

去年底,笔者在日本访问考察期间,接触了不少学者和企业家,其中尤其是通产省的一些研究单位、日本进出口银行、伊藤忠商事、亚洲经济研究所、日中经济协会、东芝等,对中国的投资环境十分关切。而且,他们常常把中国的投资环境和亚洲其他一些国家和地区作比较,伊藤忠商事综合研究所去年7月,写了一本《中国和新兴工业化国家投资环境比较》     

Productivity analysis of IT capital stock: The USA–Japan comparison

The purpose of this paper is twofold: The first is to examine the information technology (IT) capital investments (including software) and capital stock of the USA and Japan, not merely in the 1990s but from the long-run historical viewpoint and compare the process of IT Revolution of the two countries, using the data from 1974 to 1998. The second is to check how those investments are justifiable, by calculating the marginal benefits and costs of IT related investments in the USA and Japan. We find that while the USA shows a tendency to overinvest in IT capital relative to non-IT capital throughout the observation period, the opposite is the case in Japan.     

Public investment and business cycles: The case of Japan

This paper examines the effect of public investment on macroeconomic fluctuations in Japan by comparing the effects of central and local government investments. Impulse response functions show that central government investments slightly but persistently stimulate industrial production, while local government investments have no positive impact on business cycles. In terms of policy effectiveness, these results suggest that the Japanese government should not employ local public sector investments as a policy instrument for economic stabilization.     

Getting to Know You: Trust Formation in New Interfirm Relationships and the Consequences for Investments in Management Control and the Collaboration

Trust is often posited to substitute for management control in interfirm transactions. However, this raises questions of how trust arises in new relationships, and whether trust that is not based on prior experience transacting together is sufficient to persuade managers to forgo investments in management controls. We use an experiment to test whether two features of the early stage of an interfirm relationship influence a buyer's initial trust in a supplier and have consequences for subsequent investments in management controls and in the collaboration. These two features are the autonomy of the buyer's manager to choose a supplier (i.e., delegation of decision‐making authority) and the supplier's willingness to share information with the buyer. We find that the buyer manager's initial trust in the supplier is associated positively with both the autonomy to choose the supplier and the supplier's willingness to share information. Information content and supplier characteristics are held constant, so these results are novel and distinct from prior studies of the antecedents of trust. We find that higher initial trust is associated with reduced expenditures for management controls and increased investments in the collaboration. Thus, we conclude that delegation of decision‐making authority and supplier information‐sharing behavior in the early stages of a relationship influence the formation of initial trust, which has real consequences for investments in management control and in the collaboration.     

Audit risk in a client portfolio context*

Abstract. This paper examines the portfolio problem of an auditor who controls the level of audit quantity and then combines investments in general market securities with investments in risky audits. We note that an auditor cannot simply choose audits to add to the portfolio but, rather, that a portfolio is constructed indirectly through a process of bidding against competitors. Thus, our analysis yields a bidding function that provides an estimate of the minimum fee an auditor is willing to accept to serve a potential new client, given existing investments. We develop propositions concerning the effects of various portfolio characteristics on the fee bid. Finally, we discuss the possible impact of a portfolio view of audit risk upon the structure of the auditing industry.     

基于企业社会责任视角的日本企业信息安全分析

日本很早就关注企业信息安全问题,并且从遵守法令和企业社会责任的角度深入展开了理论研究与实践活动.目前,以信息泄露和计算机病毒传播等为代表的信息安全问题正在困扰着日本企业.从本质来看维护信息安全也是企业社会责任的一部分,信息安全的活动不能看作是"成本",而应该作为"投资"来把握.为此,日本政府通过相关机构和政策引导企业从社会责任的角度来认识和实施信息安全对策.同时,日本企业也从对顾客负责以及社会责任的观点出发,正逐步提高对信息安全重要性的认识.但同时,从社会责任的角度看,在企业制定与实施信息安全对策过程中也暴露出一些问题.     

世界经济波动对我国外商投资影响的估计

以10个主要国家（地区）为代表,本文用时间序列方法估计了世界经济波动对我国外商投资的影响。实证结果表明,韩国、新加坡和美国的GDP增加（或减少）1个百分点将引起其对我国的外商投资增加（或减少）4~5个百分点,而日本和欧洲国家的GDP增加（或减少）1个百分点将引起其对我国的外商投资增加（或减少）8个百分点以上。总体上看,世界GDP变动1个百分点将引起我国的外商投资变动5.7个百分点。     

Platforms in the Pacific: the trade effects of direct investment in Thailand

Thailand, as other ASEAN countries, experienced a dramatic surge of inward foreign direct investment in the late 1980s. These investments took place in relatively advanced, export-oriented industries. This study examines the effects of these investments on Thailand's trade, using a new methodology based on international input-output analysis. This framework accounts for the direct trade of foreign-affiliated companies as well as their indirect trade effects, including the displacement of competing imports, on one hand, and the procurement of imported intermediate inputs and capital goods, on the other. The framework is implemented with data from a Japanese Chamber of Commerce (Bangkok) survey. The results show, among other things, that Japanese-affiliated firms tend to offset their large direct trade deficits in the longer run with substantial indirect trade surpluses. These firms do, however, contribute to “triangular trade”-that is, Thai trade deficits with Japan, and surpluses with other countries.     

借鉴日本福冈市经验 提升深圳城市宜居性

福冈市是日本最适宜居住的城市,也是全球最宜居城市之一,在城市宜居性建设方面具有许多成功经验。福冈市与深圳市具有许多极其相似的城市特性,将它们作为双城比较研究,笔者认为,深圳应该在建设宜居城市方面借鉴福冈的成功经验。     

Size and liquidity effects in Japanese regional stock markets

This paper assesses the effectiveness of traded turnover, Amihud (2002) and Liu (2006) metrics in measuring illiquidity, as used in a multifactor CAPM. The performance of this model is contrasted using a unique sample from Japan’s regional stock exchanges, namely Sapporo, Nagoya, Fukuoka, Osaka and Tokyo. The evidence suggests that size effects are important in Tokyo, liquidity plays a more important role in the conditional modelling of returns particularly in the smaller markets of Sapporo, Fukuoka and Nagoya where costs of equity are highest.     

Vertical Intra-Industry Trade and Foreign Direct Investment between Japan and European Countries

In this paper, we provide an overview of the development of vertical intra-industry trade (VIIT) between Japan and various European countries, including both old and new EU members, as well as emerging Central and Eastern European countries. VIIT indices constructed in this paper cover a much wider range of margins of unit price ratio than existing studies. Our empirical model attempts to explain the distributional characteristics of VIIT through foreign direct investments (FDI), in addition to traditional determinants of IIT, such as differences in GDP per capita, average GDP, and smaller and larger GDPs. Our sample covers the period from 1988 to 2004 for bilateral trade between Japan and 31 European countries. Our econometric methodology for these panel data uses fixed-effect model estimation with a variable transformation determined by a Box-Cox approach. We find that intra-industry trade between European countries and Japan increases with their corresponding Japanese FDIs, especially for new EU member countries. Our results also indicate that it is important to measure a wider range of quality based on relative prices rather than the traditional ratio used in the literature.