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Why Do Corporate Groups Exist?

In: Control and Coordination of Subsidiaries in Japanese Corporate Groups

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  • Akira Mitsumasu

Abstract

In trying to understand the phenomena of Japanese companies' increasing use of subsidiaries, and the economic rationale for doing so, this chapter looks at several theories such as the transaction cost theory, the property rights approach, the resource-based view, and the contingency theory-based view, as well as empirical research on Japanese corporate groups.

Suggested Citation

  • Akira Mitsumasu, 2015. "Why Do Corporate Groups Exist?," World Scientific Book Chapters, in: Control and Coordination of Subsidiaries in Japanese Corporate Groups, chapter 4, pages 31-44, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814675710_0004
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