The dramatic rise of Japanese foreign direct investment (FDI) in Europe during the 1980s has stimulated enormous interest among managers, policy-makers, and scholars eager to discern the real significance of the vaunted "Japanese challenge." In this book, prominent academics from Europe, Japan, and the United States analyze the broad causes and consequences of this investment, then examine Japanese FDI in the European automobile, electronics, and financial services sector. Does Ownership Matter? begins with a broad overview of historical and recent trends in Japanese FDI in Europe, and concludes with implications for both Europe and the United States.