Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Tipo de documento: | Dissertação |
Idioma: | por |
Título da fonte: | Biblioteca Digital de Teses e Dissertações da ESPM |
Texto Completo: | http://tede2.espm.br/handle/tede/652 |
Resumo: | The international business literature posits that adopting a global approach to strategy is necessary for multinational enterprises (MNEs) to maintain or increase their competitive advantages, particularly in the manufacturing sector. A natural development from previous studies is to investigate the internationalization of service firms. Japanese Trading Companies (J-GTCs) are service companies actively involved in stronger internationalization. Several studies have investigated the internationalization of Japanese Multinational Enterprises (JMNEs) in the manufacturing sector. However, a still limited number of studies analyze the internationalization of JMNEs in the service sector, particularly J-GTCs. Given the lack of studies and the relevance of understanding the role of the ownership structure in access to international markets, the overall objective of this research is to analyze the impacts of the strategy tripod factors on the ownership structure of foreign subsidiaries of J-GTCs. Thus, this paper intends to contribute to the literature on the following points: (i) to identify which factors impact this ownership structure based on the strategy tripod; (ii) to verify how J-GTC size and experience influence internationalization strategies in terms of ownership structure. Four core hypotheses were developed to be empirically tested in a quantitative study to achieve these objectives. We used the most recent secondary database of Japanese overseas investments, Toyo Keizai - 2021, and applied multiple linear regression statistical techniques. The results showed that target market size and development level have a direct, positive relationship with ownership structure, whereas market growth and J-GTC size negatively affect ownership structure. The analysis of the relationship between the strategy tripod and ownership structure showed that the sector-based view (SBV) and the resource-based view (RBV) as concerns invested capital have a direct and positive relationship, whereas the level of local experience yielded a direct, but negative relationship. The institution-based view (IBV) showed no direct effect on the ownership structure. On the other hand, local experience moderates SBV and RBV by increasing J-GTCs’ equity interest in local businesses and decreasing it when the invested capital is higher. At the same time, international experience moderates SBV and IBV and increases equity interests in global businesses when there is greater formal and informal institutional distance. Therefore, this study contributes to a better understanding of J-GTCs’ internationalization strategy at the sector, resource, and institutional levels. It also provides an analysis that complements existing literature by showing that experience is an essential factor in shaping ownership structure, but with different impacts depending on the level of this experience. These findings may also assist managers in the internationalization process of service firms. |
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Ogasavara, Mário HenriqueVasconcellos, Sílvio Luís deMoreira, Márcia Zabdiele703.152.531-42https://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K8487273H2&tokenCaptchar=03AL8dmw_HR4ZkQ-3BW4lRyeHLZCoSYya2csNVBTkIw2YNRfGv65oJwSQIJAxEt4yh_1CC8qsYmN8Npajz-dr6fGkgjM21fYc6_EsDR7r2GvFZwERdpdxz2drYrau-_1itcrGoyUS6LsmYUujBiyrx0DP6UY_nfRtlaLHom9uuPSiqZFw8dMUXsbTQsicxvmDaROPRapd8aPxFnuCZ4A9WgpFjMQ55mgN_IM4u6ailSaKHrLCtUJBC_MZe3CeOTuavQBNqHPgPlcWSoQe9QPv4FrQDdjnsvjVwAkItOmpZtBkRNHRrJtCjXOPpOKKqy3Gk95fhDQa6jg3pfpaIbhTGcLuMP5pwK2iPz_a6QKNi3qeIY3q9nWoyl-4A43uAwwJd83JRqTnqAFEzGwfJt-2k-ZOvWIB4FbIcvB47m0iANgj9n7TxAI3YXIfU9serAiUKff16Yc1CW67VW0-uzilruTFsuIT2wEfm_kUfQyoOCyEph9LTB6MSflhPkUAhpy3EANeCqrW4_O3wgmOD60YoOdwoH9icp3oJL7kZ5A7igaGj7X9-R2O9gNuksNEKLrqUHOb7PVguWT62Passos, Denner Honda2023-06-15T20:18:08Z2022-06-28Passos, Denner Honda. Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico. 2022. [83 f.]. Dissertação (Programa de Mestrado em Administração em Gestão Internacional) - Escola Superior de Propaganda e Marketing, [São Paulo] .http://tede2.espm.br/handle/tede/652The international business literature posits that adopting a global approach to strategy is necessary for multinational enterprises (MNEs) to maintain or increase their competitive advantages, particularly in the manufacturing sector. A natural development from previous studies is to investigate the internationalization of service firms. Japanese Trading Companies (J-GTCs) are service companies actively involved in stronger internationalization. Several studies have investigated the internationalization of Japanese Multinational Enterprises (JMNEs) in the manufacturing sector. However, a still limited number of studies analyze the internationalization of JMNEs in the service sector, particularly J-GTCs. Given the lack of studies and the relevance of understanding the role of the ownership structure in access to international markets, the overall objective of this research is to analyze the impacts of the strategy tripod factors on the ownership structure of foreign subsidiaries of J-GTCs. Thus, this paper intends to contribute to the literature on the following points: (i) to identify which factors impact this ownership structure based on the strategy tripod; (ii) to verify how J-GTC size and experience influence internationalization strategies in terms of ownership structure. Four core hypotheses were developed to be empirically tested in a quantitative study to achieve these objectives. We used the most recent secondary database of Japanese overseas investments, Toyo Keizai - 2021, and applied multiple linear regression statistical techniques. The results showed that target market size and development level have a direct, positive relationship with ownership structure, whereas market growth and J-GTC size negatively affect ownership structure. The analysis of the relationship between the strategy tripod and ownership structure showed that the sector-based view (SBV) and the resource-based view (RBV) as concerns invested capital have a direct and positive relationship, whereas the level of local experience yielded a direct, but negative relationship. The institution-based view (IBV) showed no direct effect on the ownership structure. On the other hand, local experience moderates SBV and RBV by increasing J-GTCs’ equity interest in local businesses and decreasing it when the invested capital is higher. At the same time, international experience moderates SBV and IBV and increases equity interests in global businesses when there is greater formal and informal institutional distance. Therefore, this study contributes to a better understanding of J-GTCs’ internationalization strategy at the sector, resource, and institutional levels. It also provides an analysis that complements existing literature by showing that experience is an essential factor in shaping ownership structure, but with different impacts depending on the level of this experience. These findings may also assist managers in the internationalization process of service firms.A literatura em negócios internacionais demostra que é necessário adotar uma abordagem global da estratégia para que as empresas multinacionais (MNEs) mantenham ou aumentem suas vantagens competitivas, em particular no setor de manufatura. Um desdobramento natural de investigações anteriores são estudos que investiguem a internacionalização de empresas de serviços. As Empresas de Trading Japonesas (J-GTCs) constituem empresas de serviços ativamente comprometidas com uma maior internacionalização. Na literatura, há diversos estudos que investigaram a internacionalização das Empresas Multinacionais Japonesas (JMNEs) no setor de manufatura. Porém, há ainda um número limitado de estudos sobre a internacionalização das JMNEs do setor de serviços, em particular as J-GTCs. Tendo em vista essa carência de estudos e a relevância de entender a influência da estrutura de propriedade no acesso ao mercado internacional, o objetivo geral desta pesquisa é analisar quais são os impactos dos fatores do tripé estratégico na estrutura de propriedade das subsidiárias estrangeiras das J-GTCs. Com isso, este trabalho pretende contribuir para a literatura nos seguintes pontos: (i) i identificar quais fatores impactam essa estrutura de propriedade com base no tripé estratégico; (ii) verificar como o tamanho e a experiência das J-GTCs influenciam as estratégias de internacionalização, em termos de estrutura de propriedade. Para atingir esses objetivos, quatro hipóteses centrais foram desenvolvidas para serem testadas empiricamente em um estudo de abordagem quantitativa. Foi utilizada a base de dados secundária mais recente da Toyo Keizai com os investimentos japoneses no exterior no ano de 2021, aplicando técnicas estatísticas de regressão linear múltipla. Os resultados demonstraram que o tamanho e desenvolvimento do mercado-alvo têm uma relação direta e positiva com a estrutura de propriedade, enquanto o crescimento do mercado e o tamanho da J-GTC possuem uma relação negativa com essa estrutura. Ao analisar a relação entre tripé estratégico e estrutura de propriedade, a visão baseada no setor (VBS), assim como a visão baseada em recursos (VBR), no que se refere ao capital investido, apresentam uma relação direta e positiva, enquanto o nível de experiência local demonstrou uma relação direta, porém negativa. A visão baseada em instituições (VBI) não demonstrou exercer efeito direto sobre a estrutura de propriedade. Por outro lado, a experiência local modera a VBS e VBR no sentido de aumentar a participação acionária da J-GTC nos negócios locais e diminuir suas participações quando houver maior capital investido. A experiência internacional modera a VBS e VBI, aumentando a participação acionária dos negócios globais quando há uma maior distância institucional formal e informal. Com isso, este estudo contribui para uma melhor compreensão da estratégia de internacionalização das J-GTCs no âmbito setorial, de recursos e institucional, propiciando uma análise que complementa a literatura existente ao mostrar que a experiência é um fator importante para moldar a estrutura de propriedade, mas que impacta de forma diferente dependendo do nível dessa experiência. Esses achados também poderão auxiliar gerencialmente o processo de internacionalização das empresas de serviços.Submitted by Débora Silva (deborasilva@espm.br) on 2023-06-15T20:13:45Z No. of bitstreams: 1 Denner Honda Passos.pdf: 1224747 bytes, checksum: ef16589e1e955db754f72e34b59b6eac (MD5)Approved for entry into archive by Débora Silva (deborasilva@espm.br) on 2023-06-15T20:17:19Z (GMT) No. of bitstreams: 1 Denner Honda Passos.pdf: 1224747 bytes, checksum: ef16589e1e955db754f72e34b59b6eac (MD5)Approved for entry into archive by Débora Silva (deborasilva@espm.br) on 2023-06-15T20:17:41Z (GMT) No. of bitstreams: 1 Denner Honda Passos.pdf: 1224747 bytes, checksum: ef16589e1e955db754f72e34b59b6eac (MD5)Made available in DSpace on 2023-06-15T20:18:08Z (GMT). No. of bitstreams: 1 Denner Honda Passos.pdf: 1224747 bytes, checksum: ef16589e1e955db754f72e34b59b6eac (MD5) Previous issue date: 2022-06-28application/pdfhttp://tede2.espm.br/retrieve/2294/Denner%20Honda%20Passos.pdf.jpgporEscola Superior de Propaganda e MarketingPrograma de Mestrado em Administração em Gestão InternacionalESPMBrasilESPM::Pós-Graduação Stricto Sensugestão internacional; subsidiárias; internacionalização; tripé estratégico; estrutura de propriedade; trading companies; sogo shoshainternational management; subsidiaries; internationalization; strategy tripod; ownership structure; trading companies; sogo shoshaCIENCIAS SOCIAIS APLICADAS::ADMINISTRACAOInternacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégicoInternationalization of Japanese trading companies: an analysis of the ownership structure from the perspective of the strategic tripodinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesis-6845443146620134701500500600-44551937530918523288024035432632778221info:eu-repo/semantics/openAccessreponame:Biblioteca Digital de Teses e Dissertações da ESPMinstname:Escola Superior de Propaganda e Marketing (ESPM)instacron:ESPMTHUMBNAILDenner Honda Passos.pdf.jpgDenner Honda Passos.pdf.jpgimage/jpeg2104http://tede2.espm.br:8080/tede/bitstream/tede/652/4/Denner+Honda+Passos.pdf.jpgc4715912a635b5fbde63d2a9b070733fMD54TEXTDenner Honda Passos.pdf.txtDenner Honda Passos.pdf.txttext/plain161717http://tede2.espm.br:8080/tede/bitstream/tede/652/3/Denner+Honda+Passos.pdf.txt5bc2d54a5abf1177d20f664d3cc7ef1fMD53ORIGINALDenner Honda Passos.pdfDenner Honda Passos.pdfapplication/pdf1224747http://tede2.espm.br:8080/tede/bitstream/tede/652/2/Denner+Honda+Passos.pdfef16589e1e955db754f72e34b59b6eacMD52LICENSElicense.txtlicense.txttext/plain; charset=utf-81912http://tede2.espm.br:8080/tede/bitstream/tede/652/1/license.txt652c58b294e08ded719d10bdbc42f8ceMD51tede/6522023-06-16 01:00:08.345oai:tede2.espm.br: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Biblioteca Digital de Teses e Dissertaçõeshttps://tede2.espm.br/http://tede2.espm.br/oai/requestacervodigital@espm.br||hribeiro@espm.bropendoar:2023-06-16T04:00:08Biblioteca Digital de Teses e Dissertações da ESPM - Escola Superior de Propaganda e Marketing (ESPM)false |
dc.title.por.fl_str_mv |
Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico |
dc.title.alternative.eng.fl_str_mv |
Internationalization of Japanese trading companies: an analysis of the ownership structure from the perspective of the strategic tripod |
title |
Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico |
spellingShingle |
Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico Passos, Denner Honda gestão internacional; subsidiárias; internacionalização; tripé estratégico; estrutura de propriedade; trading companies; sogo shosha international management; subsidiaries; internationalization; strategy tripod; ownership structure; trading companies; sogo shosha CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO |
title_short |
Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico |
title_full |
Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico |
title_fullStr |
Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico |
title_full_unstemmed |
Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico |
title_sort |
Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico |
author |
Passos, Denner Honda |
author_facet |
Passos, Denner Honda |
author_role |
author |
dc.contributor.advisor1.fl_str_mv |
Ogasavara, Mário Henrique |
dc.contributor.referee1.fl_str_mv |
Vasconcellos, Sílvio Luís de |
dc.contributor.referee2.fl_str_mv |
Moreira, Márcia Zabdiele |
dc.contributor.authorID.fl_str_mv |
703.152.531-42 |
dc.contributor.authorLattes.fl_str_mv |
https://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K8487273H2&tokenCaptchar=03AL8dmw_HR4ZkQ-3BW4lRyeHLZCoSYya2csNVBTkIw2YNRfGv65oJwSQIJAxEt4yh_1CC8qsYmN8Npajz-dr6fGkgjM21fYc6_EsDR7r2GvFZwERdpdxz2drYrau-_1itcrGoyUS6LsmYUujBiyrx0DP6UY_nfRtlaLHom9uuPSiqZFw8dMUXsbTQsicxvmDaROPRapd8aPxFnuCZ4A9WgpFjMQ55mgN_IM4u6ailSaKHrLCtUJBC_MZe3CeOTuavQBNqHPgPlcWSoQe9QPv4FrQDdjnsvjVwAkItOmpZtBkRNHRrJtCjXOPpOKKqy3Gk95fhDQa6jg3pfpaIbhTGcLuMP5pwK2iPz_a6QKNi3qeIY3q9nWoyl-4A43uAwwJd83JRqTnqAFEzGwfJt-2k-ZOvWIB4FbIcvB47m0iANgj9n7TxAI3YXIfU9serAiUKff16Yc1CW67VW0-uzilruTFsuIT2wEfm_kUfQyoOCyEph9LTB6MSflhPkUAhpy3EANeCqrW4_O3wgmOD60YoOdwoH9icp3oJL7kZ5A7igaGj7X9-R2O9gNuksNEKLrqUHOb7PVguWT62 |
dc.contributor.author.fl_str_mv |
Passos, Denner Honda |
contributor_str_mv |
Ogasavara, Mário Henrique Vasconcellos, Sílvio Luís de Moreira, Márcia Zabdiele |
dc.subject.por.fl_str_mv |
gestão internacional; subsidiárias; internacionalização; tripé estratégico; estrutura de propriedade; trading companies; sogo shosha |
topic |
gestão internacional; subsidiárias; internacionalização; tripé estratégico; estrutura de propriedade; trading companies; sogo shosha international management; subsidiaries; internationalization; strategy tripod; ownership structure; trading companies; sogo shosha CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO |
dc.subject.eng.fl_str_mv |
international management; subsidiaries; internationalization; strategy tripod; ownership structure; trading companies; sogo shosha |
dc.subject.cnpq.fl_str_mv |
CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO |
description |
The international business literature posits that adopting a global approach to strategy is necessary for multinational enterprises (MNEs) to maintain or increase their competitive advantages, particularly in the manufacturing sector. A natural development from previous studies is to investigate the internationalization of service firms. Japanese Trading Companies (J-GTCs) are service companies actively involved in stronger internationalization. Several studies have investigated the internationalization of Japanese Multinational Enterprises (JMNEs) in the manufacturing sector. However, a still limited number of studies analyze the internationalization of JMNEs in the service sector, particularly J-GTCs. Given the lack of studies and the relevance of understanding the role of the ownership structure in access to international markets, the overall objective of this research is to analyze the impacts of the strategy tripod factors on the ownership structure of foreign subsidiaries of J-GTCs. Thus, this paper intends to contribute to the literature on the following points: (i) to identify which factors impact this ownership structure based on the strategy tripod; (ii) to verify how J-GTC size and experience influence internationalization strategies in terms of ownership structure. Four core hypotheses were developed to be empirically tested in a quantitative study to achieve these objectives. We used the most recent secondary database of Japanese overseas investments, Toyo Keizai - 2021, and applied multiple linear regression statistical techniques. The results showed that target market size and development level have a direct, positive relationship with ownership structure, whereas market growth and J-GTC size negatively affect ownership structure. The analysis of the relationship between the strategy tripod and ownership structure showed that the sector-based view (SBV) and the resource-based view (RBV) as concerns invested capital have a direct and positive relationship, whereas the level of local experience yielded a direct, but negative relationship. The institution-based view (IBV) showed no direct effect on the ownership structure. On the other hand, local experience moderates SBV and RBV by increasing J-GTCs’ equity interest in local businesses and decreasing it when the invested capital is higher. At the same time, international experience moderates SBV and IBV and increases equity interests in global businesses when there is greater formal and informal institutional distance. Therefore, this study contributes to a better understanding of J-GTCs’ internationalization strategy at the sector, resource, and institutional levels. It also provides an analysis that complements existing literature by showing that experience is an essential factor in shaping ownership structure, but with different impacts depending on the level of this experience. These findings may also assist managers in the internationalization process of service firms. |
publishDate |
2022 |
dc.date.issued.fl_str_mv |
2022-06-28 |
dc.date.accessioned.fl_str_mv |
2023-06-15T20:18:08Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.citation.fl_str_mv |
Passos, Denner Honda. Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico. 2022. [83 f.]. Dissertação (Programa de Mestrado em Administração em Gestão Internacional) - Escola Superior de Propaganda e Marketing, [São Paulo] . |
dc.identifier.uri.fl_str_mv |
http://tede2.espm.br/handle/tede/652 |
identifier_str_mv |
Passos, Denner Honda. Internacionalização de empresas trading japonesas: uma análise da estrutura de propriedade sob a ótica do tripé estratégico. 2022. [83 f.]. Dissertação (Programa de Mestrado em Administração em Gestão Internacional) - Escola Superior de Propaganda e Marketing, [São Paulo] . |
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http://tede2.espm.br/handle/tede/652 |
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