Capital Markets and Corporate Governance in Japan, Germany and the United States: Organizational Response to Market Inefficiencies, 1st Edition (Hardback) book cover

Capital Markets and Corporate Governance in Japan, Germany and the United States

Organizational Response to Market Inefficiencies, 1st Edition

By Helmut Dietl

Routledge

212 pages

Purchasing Options:$ = USD
Hardback: 9780415171885
pub: 1997-11-27
$195.00
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eBook (VitalSource) : 9780429232145
pub: 1997-11-27
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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.

About the Series

Routledge Studies in the Modern World Economy

In an increasingly interdependent world, many of the most important issues are driven by economic forces. This series applies newly developed economic techniques to some of the most pressing contemporary problems. The aim of the series is to demonstrate the relevance of modern economic theory to the modern world economy, and to provide key reading for researchers and policy-makers.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS069000
BUSINESS & ECONOMICS / Economics / General