An International Perspective on Japanese Corporate Finance
This paper presents major characteristics of Japanese corporate finance in an internationally comparative perspective. The corporate finance in Japan appears different from those in the United States. The paper attempts to identify important features of corporate finance in Japan, to provide economic rationale for those, and to develop insights concerning the effects of such differences on the relationship between corporate finance and capital market. The different features can be due to differing institutional and regulatory structures. The ongoing financial liberalization has caused structural shifts of Japanese corporate finance over the last decade.
Volume (Year): 39 (1994)
Issue (Month): ()
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