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Foreign Investment Influence On Ownership And Control In Japanese Firms

Author

Listed:
  • Nistor Ioan Alin

    (Babes-Bolyai University, Business Faculty)

Abstract

Corporate equity structure, whether is in a market-based system like US or a bank-based system like Japan is prone to changes due to foreign investment. Protection from outside investors varies greatly around these systems. Where protection is good, market-based systems flourish. These systems have certain advantages as they appear to foster innovation and to encourage the release of capital from declining industries. Bank-based systems may be better suited to established industries. These systems also help protect individuals from direct exposure to stock market risk. But, no matter the system, agency problems are inevitable. The paper looks at the past changes of the Japanese corporate ownership composition under the influence of foreign investment.

Suggested Citation

  • Nistor Ioan Alin, 2010. "Foreign Investment Influence On Ownership And Control In Japanese Firms," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 610-615, December.
    • Handle: RePEc:ora:journl:v:1:y:2010:i:2:p:610-615
    as

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    References listed on IDEAS

    as
    1. Dore, Ronald, 2000. "Stock Market Capitalism: Welfare Capitalism: Japan and Germany versus the Anglo-Saxons," OUP Catalogue, Oxford University Press, number 9780199240616.
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    More about this item

    Keywords

    Economic Systems; Capital and Ownership Structure; Corporate Governance;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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