BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
UID:event-10837@www.amse-aixmarseille.fr
DTSTAMP:20260422T014916Z
CREATED:20260422T014916Z
LAST-MODIFIED:20260422T014916Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:French-Japanese webinar - Uraku Yoshimoto
DTSTART:20240216T090000Z
DTEND:20240216T100000Z
DESCRIPTION:This study empirically investigates how the invoice currency ch
 oice differs between intra-firm and arm’s-length exports. We also examine
  whether other firm- and product-level characteristics affect the choice of
  invoice currency. This study is the first to be granted access to highly d
 isaggregated transaction-level trade data for Japan. Focusing on Japanese a
 utomobile exports to France\, we demonstrate that the importer’s currency
  tends to be chosen in intra-firm export invoicing based on a panel logit e
 stimation. Our empirical findings remain robust when different types of int
 ra-firm export variables and other conventional explanatory variables are i
 ntroduced\, such as firm and product market share\, exchange rate volatilit
 y\, a dummy for intermediate goods exports\, euro-invoiced imports\, labor 
 productivity\, and research and development intensity. Given growing intra-
 firm trade and expanding global value chains\, Japanese parent firms tend t
 o invoice in the importers’ currency\, assuming the foreign exchange risk
  that arises from intra-firm trade. Thus\, exchange rate risk management is
  a significant consideration for Japanese parent firms.\\n\\nContact: Gille
 s Dufrénot : gilles.dufrenot[at]sciencespo-aix.frKiyotaka Sato : sato[at]
 ynu.ac.jp\n\nPlus d'informations: https://www.amse-aixmarseille.fr/fr/evene
 ments/uraku-yoshimoto
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/uraku-yoshimoto
CONTACT:Gilles Dufrénot : gilles.dufrenot[at]sciencespo-aix.frKiyotaka Sat
 o :&nbsp\;sato[at]ynu.ac.jp
TRANSP:OPAQUE
END:VEVENT
END:VCALENDAR