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Beschreibung
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.
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.
Über den Autor
Helmut M. Dietl is Professor of Organization and International Management at the University of Paderborn, Germany. He is co-editor of the book series NIE-New Institutional Economics, author of Institutions and Time (in German), and co-author of Organization-An Economic Perspective (in German and Japanese). He has contributed to refereed journals and published in four languages.
Inhaltsverzeichnis
Introduction 1 THEORETICAL FRAMEWORK Investment relation, Investment relation costs, Relevant dimensions of investment relations, Classification of alternative regulatory environments, Organizational modes of capital allocation and corporate governance, Discriminating match 2 EMPIRICAL EVIDENCE FROM GERMANY, JAPAN AND THE UNITED STATES Germany, Japan, United States, Conclusion, SUMMARY
Details
Erscheinungsjahr: 1997
Fachbereich: Allgemeines
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
ISBN-13: 9780415171885
ISBN-10: 0415171881
Sprache: Englisch
Einband: Gebunden
Autor: Dietl, Helmut
Hersteller: Routledge
Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße: 222 x 145 x 16 mm
Von/Mit: Helmut Dietl
Erscheinungsdatum: 27.11.1997
Gewicht: 0,436 kg
Artikel-ID: 128509805

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