The Relationship between a Firm and its Primary Investors: An Application of the Agency Costs and Efficiency Models.

摘要: Abstract : Insights from the theory of corporate finance and organization are combined in analysis relationship between a firm those its external investors that hold large percentages debt and/or equity. These types called primary investors, it is argued firms enhance their access to capital bey developing what Ouchi Barney call clann assisted market relations with small number such investors. Implications theoretical discussion tentatively tested using sample Japanese electronics firms. (Author)