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.
Product Identifiers
Publisher
Palgrave Macmillan
ISBN-13
9781349262403
eBay Product ID (ePID)
224573780
Product Key Features
Author
Masasuke IDE
Publication Name
Japanese Corporate Finance and International Competition: Japanese Capitalism versus American Capitalism