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Capital Markets and Corporate Governance in Japan, Germany and the United States: Organizational Response to Market Inefficiencies
Contributor(s): Dietl, Helmut (Author)
ISBN: 0415171881     ISBN-13: 9780415171885
Publisher: Routledge
OUR PRICE:   $152.00  
Product Type: Hardcover - Other Formats
Published: November 1997
Qty:
Annotation: This book explores a series of questions about the differences in the capital markets in Japan, Germany and the United States, and contains empirical and comparative studies from the three countries.
Additional Information
BISAC Categories:
- Business & Economics | International - Marketing
- Business & Economics | Finance - General
- Business & Economics | Economics - General
Dewey: 332.041
LCCN: 97021404
Lexile Measure: 1550
Series: Routledge Studies in the Modern World Economy (Hardcover)
Physical Information: 0.63" H x 5.51" W x 8.5" (0.92 lbs) 212 pages
 
Descriptions, Reviews, Etc.
Publisher 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.