Title: Characteristics and performance of Japanese Foreign Direct Investment in Africa

Authors: Elie V. Chrysostome, Nathaniel C. Lupton

Addresses: School of Business and Economics, State University of New York, Plattsburgh, New York, 12901, USA. ' Richard Ivey School of Business, The University of Western Ontario, London, Ontario, N6A 3K7, Canada

Abstract: This paper examines the characteristics and performance of Japanese foreign direct investment in Africa. A large sample of 1062 Japanese subsidiaries in Africa was analysed. Our findings reveal that: efficiency and market seeking was the common purposes for Japanese firms in Africa; the Japanese subsidiaries are young and small in lower middle income region, young and large in upper middle income region and old in low income region; their performance is good with a very high exit rate in low income region, high with high exit rate in low middle income region and moderate with a low exit rate in upper middle income region.

Keywords: JFDI; Japanese FDI; foreign direct investment; Japanese subsidiaries; investment performance; Africa; Japan.

DOI: 10.1504/IJEPEE.2011.038873

International Journal of Economic Policy in Emerging Economies, 2011 Vol.4 No.1, pp.54 - 77

Published online: 11 Jan 2015 *

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