The main bank system and corporate monitoring and control in Japan
作者： Paul Sheard
DOI: 10.1016/0167-2681(89)90037-1
关键词:
摘要: Abstract Analysis of the main bank system provides insights into intermediate nature economic organization in Japan. Close bank-firm ties are interpreted as evidence a quasi-internal capital market which internalizes monitoring and control functions external market. A key insight is that substitutes for ‘missing’ takeover This interpretation helpful explaining some seemingly paradoxical aspects behavior.
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