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Author: Akiyoshi Horiuchi
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 60
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Book Description
Author: Akiyoshi Horiuchi
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 60
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Book Description
Author: Mitsuaki Okabe
Publisher: Springer
ISBN: 1349237213
Category : Business & Economics
Languages : en
Pages : 480
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Book Description
This book illuminates the characteristics of the Japanese economy comprehensively and analyses how and why they have been changing. The contributors to this fifteen-paper volume are internationally-known and leading researchers of the Japanese economy. Following the overview chapter, the book covers such areas as the Japanese firm, the labour market, consumption and saving patterns, financial markets, macroeconomic policies and international economic relations.
Author: Tomohisa Kitada
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
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Book Description
This study examines the relationship between financial risk and cost behavior both theoretically and empirically. We suggest that financial risk will affect the degree of discretion of managerial resource adjustment decisions by its impacts on financial flexibility and the cost of capital. As expected, our results show that financial risk increases the degree of cost anti-stickiness in the case of a prior activity decrease. On the other hand, financial risk appears to have no statistically significant influence on cost behavior in the case of a prior activity increase. This result is not consistent with our prediction. This study also examines the moderating effect of the close relationships between firms and banks on the association between financial risk and asymmetric cost behavior by using the data of the main bank system in Japan. The results of the study show that the close ties with main banks will mitigate the adverse impacts of financial risk and enlarge the degree of managerial discretion in adjusting resources in firms with high financial risk.
Author: Toshiaki Tachibanaki
Publisher: Routledge
ISBN: 1135126917
Category : Business & Economics
Languages : en
Pages : 246
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Book Description
Toshiaki Tachibanaki and Atsuhiro Taki emphasise several institutional features in Japan which differ from those in Euro-American countries: for example, the permanent employment and seniority system in wages and promotion, the dual structure, Keiretsu transactions, the main bank system, and intercorporate shareholding. This book examines in particular the distinction between long-run and short-run contractual relationships which produced such features. It presents both the positive and the negative evaluations of the factor market. Exploring the similarities and interdependencies between two important and idiosyncratic factor markets in Japan, this book brings data to hand which until now has only been available in specialist journals.
Author: Masahiko Aoki
Publisher: Oxford University Press
ISBN: 0199284512
Category : Business & Economics
Languages : en
Pages : 468
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Book Description
Debates regarding corporate governance have become increasingly important in Japan as the post-war model of bank-based, stakeholder-oriented corporate governance faces the new pressures associated with globalization and growing investor demands for shareholder value. Bringing together a group of leading scholars from economics, law, sociology and management studies, this book looks at how the Japanese approach to corporate governance and the firm have changed in the post-bubble era.The contributions offer a unique empirical exploration of why and how Japanese firms are reshaping their corporate governance arrangements, leading to greater diversity among firms and new 'hybrid' forms of corporate governance. The book concludes by looking at what effect these incremental buttransformative changes may have on Japan's distinctive variety of capitalism.
Author: Michael L. Gerlach
Publisher: Univ of California Press
ISBN: 0520208897
Category : Business & Economics
Languages : en
Pages : 371
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Book Description
"For anyone interested in Keiretsu (Japan's enterprise groups), Gerlach's Alliance Capitalism is a must-read. He offers insightful and comprehensive analyses of their character, behavior, and recent rapid transformation. His knowledgeable discussion of their roles in Japanese economic performance supplements as well as challenges the increasing number of analyses offered by Japanese and American economists of the many aspects of Keiretsu."—Kozo Yamamura, University of Washington
Author: U. Haley
Publisher: Springer
ISBN: 0230595839
Category : Business & Economics
Languages : en
Pages : 465
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Book Description
This book examines the key issues faced by the managers of multinational companies, and contains cutting-edge strategies and practices designed to enable managers and policy makers to weather the Asian financial and economic storms. Asian Post-Crisis Management shows how to position companies and governments in Asia for sustainable competitive advantage, and will be of interest to top management leaders, senior economic analysts, policy makers, academic scholars and students of international management.
Author: Robert Boyer
Publisher: Routledge
ISBN: 1134626754
Category : Business & Economics
Languages : en
Pages : 257
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Book Description
This book is invaluable for students and researchers studying the economies of Japan and other East Asian countries as well as all those interested in patterns of boom and recession worldwide.
Author: Shinichi Hirota
Publisher: Routledge
ISBN: 1317558472
Category : Business & Economics
Languages : en
Pages : 294
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Book Description
This book develops a new framework - the stakeholder model - that helps to understand corporate finance and governance in modern society, where the sources of people’s happiness have shifted from monetary to non-monetary factors. The book takes a more comprehensive approach than is typically found in the standard economics and finance literature, by explicitly incorporating both the monetary and non-monetary interests of stakeholders and by examining the value creation of corporations from a much broader perspective. Specifically, the book addresses contemporary issues concerning corporate finance and governance worldwide, including: How should we define corporate value in stakeholder society? What is the role of modern corporations? What are the principles underlying corporate financing decisions? To what extent should shareholder rights be enhanced? What determines the effectiveness of a company’s board of directors? What missions do firms set out and what is the role of mission statements? How can we understand the diversity of financial and governance systems among different countries? What legal and institutional reforms enhance or diminish corporate value in stakeholder society? The book will answer these questions theoretically and empirically.
Author: Takeo Hoshi
Publisher: Springer Science & Business Media
ISBN: 9780792377832
Category : Business & Economics
Languages : en
Pages : 350
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Book Description
Specialists in various aspects of the Japanese financial industry describe, analyze, and evaluate the crisis that began with bursting real east bubbles in the early 1990s and resulting non-performing loans, delay by regulatory authorities and the banks themselves, a decompressive deregulation in 1996, major reforms in 1998 and early 1999 that made $500 billion of government funds available, and the resulting lack of regulatory control. In the context of the transition from a bank-centered and relationship-based system to market-based and competitive, they investigate why the banks got into such serious trouble, why the Ministry of Finance lost its immense power, how financial regulation will further change the industry and the huge government financial institutions and postal savings, and what some broader implications are of the transitions. Most of the 12 studies are revised from presentations at an October 1998 conference in New York. Annotation copyrighted by Book News, Inc., Portland, OR
