Withdrawal of overseas subsidiaries from Asia: the case of the Japanese food industry

Daisuke Takahashi, Tsaiyu Chang

    研究成果: Article

    抜粋

    Purpose: The purpose of this paper is to analyze the factors that have influenced the withdrawal of Japanese overseas food industry subsidiaries from Asia. Design/methodology/approach: The data refer to Asian subsidiaries of Japanese companies engaged in food production activities. The data set covers 545 overseas subsidiaries from 2003 to 2014, and the total number of observations is 3,513. A linear probability model examines the factors influencing the probability of a subsidiary withdrawing. Findings: The results show that strong relationships between parent companies and overseas subsidiaries, specifically in terms of personnel and capital, reduce the likelihood of withdrawal. The number of years in business has a positive effect on withdrawal. Additionally, investment aims, such as the establishment of an international production network and acquisition of host country markets, affect the probability of withdrawal. The results are similar for subsidiaries in China and other countries, but there are differences regarding subsidiaries’ histories and investment aims. Originality/value: There is limited research on food companies withdrawing from overseas markets. This study bridges the gap in the literature by compiling micro-level data and conducting a quantitative analysis of such withdrawals from overseas markets. The originality of this study is that it shows the effects of investment aims on subsidiary withdrawal, representing various aspects of overseas subsidiaries, and compares the estimation results with the recent trends in food markets in Asia.

    元の言語English
    ページ(範囲)1394-1408
    ページ数15
    ジャーナルBritish Food Journal
    119
    発行部数6
    DOI
    出版物ステータスPublished - 2017

    ASJC Scopus subject areas

    • Food Science

    フィンガープリント Withdrawal of overseas subsidiaries from Asia: the case of the Japanese food industry' の研究トピックを掘り下げます。これらはともに一意のフィンガープリントを構成します。

  • これを引用