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Japanese Corporate Finance and International Competition: Japanese Capitalism Versus American Capitalism

Japanese Corporate Finance and International Competition: Japanese Capitalism Versus American Capitalism

Hardcover

Series: Studies in the Modern Japanese Economy

EconomicsInvesting & Finance

ISBN10: 0333695976
ISBN13: 9780333695975
Publisher: Springer Nature
Published: Jan 28 1998
Pages: 194
Weight: 0.91
Height: 0.63 Width: 5.50 Depth: 8.50
Language: English
In this book, the author describes that the relationship based shareholding was the hidden key factor to explain Japan's miraculous economic success after WWII. The stock market which valued the low profitability Japanese companies highly enabled them to provide 'better and cheaper' manufactured goods in the export markets, leading resource poor Japan to a leading exporter and economic and financial superpower. The book also casts critical eyes to the weakness of the traditional Japanese financial system as a catch-up model, in comparison with the open US system.

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