01744cas a2200253 a 4500 AALejournalIMF015422 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513557298 1018-5941 BD-DhAAL BD-DhAAL Kang, Joong. Production Offshoring and Investment by Japanese Firms / Joong Kang, Shi Piao. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a trend increase in production offshoring, investment by large companies, especially those in the transportation sector, is more positively associated with cash flow while responding less to Q ratio. These findings are consistent with the subdued recovery of private investment in recent years despite booming stock markets and the large build up of cash holdings by Japanese corporates. Mode of access: Internet Piao, Shi. IMF Working Papers; Working Paper ; No. 2015/183 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/183/001.2015.issue-183-en.xml IMF e-Library