Le mode de gouvernement des entreprises japonaises: un modèle à suivre ?
AbstractJapanese companies often belong to a Keiretsu and so are distinguished by a particular governance mode. Although their shares are quoted on the Stock Exchange, they are generally controlled by main banks, which are shareholders and creditors. These system implications are numerous and induce asymmetric information and moral hazard problems less acute between the different stakeholders, a weaker bankruptcy rate of firms and banks, and a concentration on decisions aiming long-term plans.
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Bibliographic InfoArticle provided by revues.org in its journal Revue Finance Contrôle Stratégie.
Volume (Year): 1 (1998)
Issue (Month): 4 (December)
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Other versions of this item:
- Mehdi Nekhili, 1998. "Le mode de gouvernement des entreprises japonaises: un modèle à suivre ?," Working Papers FARGO 0981202, Université de Bourgogne - Crego EA 7317/Fargo (Research center in Finance,organizational ARchitecture and GOvernance).
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
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