Capital Markets and Corporate Governance in Japan, Germany and the United States : Organizational Response to Market Inefficiencies book cover
SAVE
$41.00
1st Edition

Capital Markets and Corporate Governance in Japan, Germany and the United States
Organizational Response to Market Inefficiencies




ISBN 9780415171885
Published November 27, 1997 by Routledge
212 Pages

 
SAVE ~ $41.00
was $205.00
USD $164.00

Prices & shipping based on shipping country


Preview

Book Description

Why did financial keiretsu develop in Japan, but not in Germany and the United States? Why is bank intermediation more dominant in Germany and Japan than in the United States? What are the advantages and disadvantages of each system?
Capital Markets and Corporate Governance in Japan, Germany and the United States answers these and related questions. Helmut Dietl explains capital market intermediation, holding companies, multidivisional organizations, financial keiretsu, and LBO associations as organizational responses to capital market inefficiencies. Country-specific responses are described as a consequence of country-specific financial regulations. Each regulatory regime results in specific capital market inefficiencies. Comparative capital market and corporate data highlight the major strengths and weaknesses of each system. This book provides a comprehensive and innovative analysis of German, Japanese and U.S. regulations.