Refereed Publications

Many of these were also published in various working paper series. Check out my IDEAS, Google Scholar, ResearchGate, or ORCID page for more information.

1. "Multinational Firms’ Responses to a Host Country Financial Crisis: The Case of Korea " (w/ Ayumu Tanaka), Forthcoming, Review of World Economics. https://doi.org/10.1007/s10290-024-00578-w .

2. "Institutional Quality, the Level of Development and Japanese Outward Foreign Direct Investment" (w/ Andrzej Cieślik), Japan and the World Economy 71 (2024). https://doi.org/10.1016/j.japwor.2024.101267. 

3. "FDI, financial constraint, and partial ownership" (w/ Tadashi Ito and Ayumu Tanaka),  The World Economy.  47 (2024): 2789-2827. https://doi.org/10.1111/twec.13561 

4. "Host country corruption and Japanese Outward Foreign Direct Investment: A sectoral and industry-level analysis" (w/ Andrzej Cieślik),  Journal of Multinational Financial Management (2023).  https://doi.org/10.1016/j.mulfin.2023.100820.

5. "Twitter-Patter: How Social Media Drives Foot Traffic to Retail Stores" (w/ Thomas Weinandy, KC Chen, Susan Pozo),  Journal of Marketing Analytics (2023). https://doi.org/10.1057/s41270-023-00209-7. 

6. "Third-Country Exchange Rate Effects on Foreign Direct Investment Flows: A GVAR Approach" (w/ Todd Sarnstrom), Review of International Economics 31 (2023):522-549. http://doi.org/10.1111/roie.12636.

7. "Regional Healthcare Infrastructure Disparities and Foreign Direct Investment into Europe" (w/ Juliane Sormain), Economics and Business Letters 12 (2023): 49-61. DOI: 10.17811/ebl.12.1.2023.49-61 

8. "Brexit and Japanese Foreign Direct Investment in the UK: A Sectoral Analysis" (w/ Andrzej Cieślik), Oxford Economic Papers 74(2022): 959–975.   https://doi.org/10.1093/oep/gpac004 . 

9. "Flexible Ubers and Fixed Taxis: The Effect of Fuel Prices on Car Services" (w/ Thomas Weinandy). Journal of Industry, Competition, and Trade 21(2021): 139-168.

10. "Brexit Announcement and the Location of Japanese Direct Investment in European Regions" (w/ Andrzej Cieślik). European Urban and Regional Studies (2020) https://doi.org/10.1177/0969776420970617.

11. “Financial Frictions and Foreign Direct Investment: Theory and Evidence from Japanese Microdata” (w/ Horst Raff and Frank Stähler). Journal of International Economics  112 (2018) : 109-122.

12. "The Hollowing-Out of the Japanese Economy: A Long-Term Perspective" (w/ Farid Toubal). In Harrison, A. and Fontagné. L. eds.  The Factory-Free Economy: Outsourcing, Servitization, and the Future of Industry. Oxford University Press. 2017

13. "FDI, Foreign Aid, Remittances & Economic Growth in Developing Countries." (w/ George Nwaogu). Review of Development Economics 19(2015): 100-115.

14. "Spatial Interdependence in U.S. Outward FDI into Africa, Latin America, and the Caribbean" (w/ George Nwaogu). The World Economy 37(2014): 1267-1289.

15. "Spillover effects from inward FDI on the exporting decisions of Chilean manufacturing plants" (w/ Ivan Duran.) Journal of Industry, Competition, & Trade 14 (2014): 393-414.

16. "Why Do Banks Go Abroad? Evidence Using a Three-Way Error Component Model" (w/ Tamrat Gashaw). Journal of Economic Insight 38 (2012): 79-108.

17. "Firm Productivity and the Foreign-Market Entry Decision" (w/ Horst Raff & Frank Stähler). Journal of Economics Management and Strategy 21 (2012): 849-871.

18. "Productivity Differences and Foreign Market Entry in an Oligopolistic Industry." (w/ Andrzej Cieślik). Open Economies Review 23(2012): 531-557.

19. "Investment History and Market Orientation Effects in the TFP-FDI Relationship" (w/ Jeff Kukulski). The World Economy 34(2011): 546-567.

20. "Bilateral and Third-Country Exchange Rate Effects on Multinational Activity: Theory" (w/ Hartmut Egger \& Peter Egger). Review of International Economics 18(2010): 1012-1027.

21. "Whole versus Shared Ownership of Foreign Affiliates." (w/ Horst Raff and Frank Stähler). International Journal of Industrial Organization 27 (2009): 572-581.

22. "Firm Productivity and Foreign Direct Investment into Non-Core Activities: The Case of Japanese MNEs" (w/ Andrzej Cieślik).  Asian Economic Journal 23 (2009): 299-323.

23. "Firm Heterogeneity, Foreign Market Entry Mode and Ownership Choice"  (w/ Andrzej Cieslik). Japan and the World Economy 21 (2009): 213-218.

24. "The Choice of Market Entry Mode: Greenfield Investment, M&A and Joint Ventures". (w/ Horst Raff and Frank Stähler). International Review of Economics and Finance 18 (2009): 3-10.

25. "FDI Location and Size. Does Employment Protection Legislation Matter?" (w/ Dominique M. Gross) Regional Science and Urban Economics  38 (2008): 590-605.

26. "Firm-specific Characteristics and the Timing of Foreign Direct Investment Projects" (w/ Horst Raff). Weltwirtschaftliches Archiv/Review of World Economics 144 (2008):1-31 (lead article).

27. "European Integration and Japanese direct investment in the CEE countries." (w/ Andrzej Cieślik) In Entrepreneurship, Investment And Spatial Dynamics: Lessons and Implications for an Enlarged EU (P. Nijkamp, R. Moomaw, and I. Traistaru, eds.) Cheltenham, UK: Edward Elgar Publishing, 2006.

28. "'Following' or 'Attracting' the Customer? Japanese Banking FDI in Europe."  (w/ Marc von der Ruhr). Atlantic Economic Journal 33 (2005): 405-422.

29. "Export Platforms and the Industry-Specific FDI-Trade Relationship." (w/ Bedassa Tadesse) Journal of Economic Integration 20 (2005): 644-673.

30. "Location determinants of Japanese multinationals within Poland: Do special economic zones really matter for investment decisions?" (w/ Andrzej Cieslik). Journal of Economic Integration 20 (2005): 475-496.

31. "Intra- and Inter-industry Linkages in Foreign Direct Investment: Evidence from Japanese Investment in Europe" (w/ Dominique M. Gross and Horst Raff ). Journal of the Japanese and International Economies 19 (2005): 110-134.

32. "Host Market Characteristics, FDI, and the FDI-Trade Relationship" (w/ Bedassa Tadesse). Journal of International Trade and Economic Development 13(2004):199-229.

33. "Explaining Japanese direct investment flows into an enlarged Europe: A comparison of gravity and economic potential approaches." (w/ Andrzej Cieślik). Journal of the Japanese and International Economies 18 (2004): 12-37

34. "Characterizing Japanese Direct Investment in Central and Eastern Europe: A firm-level investigation of stylized facts and investment characteristics" (w/ Andrzej Cieślik). Post-Communist Economies 14 (2002), 509-527.

35. "Agglomeration Spillovers and Sequential Investment: The Case of Japanese FDI into Europe." 2001 Association of Japanese Business Studies Best Papers Proceedings, 122-146.