Working Paper Series - WP-98-01
Series No.
WP-98-01
Title
Analysis of Capacitiy Management of the Intensive Care Unit in a Hospital
Author(s)
Prof. Seung Chul Kim, Prof. Ira Horowitz, Prof. Karl K. Young and Prof. Thomas A. Buckley
Abstract
A hospital's intensive care unit (ICU) is a limited and critical resource. The efficient utilization of ICU capacity impacts on both the welface of patients and the hospital's cost effectiveness. Decisions made in the ICU affect the operations of other departments. Yet, decision making in a ICU tends to be mainly subjective and lacking in clear criteria upon which to base any given decision. This study reviews the current operating procedures in one particular ICU, that of a public hospital in Hong Kong. We develop a computer simulation model to improve both the unit's capacity utilization and the quality of care provided to its patients.
Working Paper Series - WP-98-02
Series No.
WP-98-02
Title
A Note on Asset-Seeking Foreign Direct Investment
Author(s)
Prof. Shige Makino
Abstract
The traditional theory of foreign direct investment (FDI) views FDI as a transfer or exploitation of firm-specific advantages. This study attempts to discuss an alternative form of FDI: asset-seeking FDI. Building upon recent studies of the resource-based view of the firm and in economic geography, we propose a simple conceptual model of asset-seeking FDI. The proposed model suggests that asset-seeking FDI takes place when the following conditions are satisfied. First, target resources in the forms of factors of production, local firm resources, and location- and network-based externalities are available in a host country. Second, investing firms possess complementary resources and learning capabilities which enable them to acquire and dissimilate the target resources. Finally, asset-seeking FDI creates more learning outcomes than market purchase and self-development of the new resources.
Working Paper Series - WP-98-03
Series No.
WP-98-03
Title
A Choice between Joint-Ventures and Wholly-Owned Subsidiaries: A Test of Transaction Cost Theory and Institutional Perspective
Author(s)
Prof. Daphne W. Yiu and Prof. Shige MAKINO
Abstract
The study examines determinants of the foreign entry mode choice between a joint venture and a wholly-owned subsidiary. Building on the traditional institutional literature, the present study examined the impact of a variety of host country institutional factors on this choice, using a sample of 659 entry mode decisions made by ten Japanese automobile and home-electronics multinationals in 49 countries. Our evidence shows that transaction cost theory, which has been by far the most dominant and effective economic paradigm in the stream of foreign entry mode choice research, is found to be insufficient to explain the foreign entry mode choice and should be supplemented with the institutional factors.
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