Capital Markets and Corporate Governance in Japan, Germany and the United States

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A01=Helmut Dietl
allocation
Author_Helmut Dietl
bank
Bank Holding Companies
bank-based finance models
Capital Allocation
Capital Market Inefficiencies
Capital Market Transactions
Category=KCL
company
comparative corporate systems
Comparative Organizational Analysis
Corporate Governance
cross-country corporate governance comparison
diversification
Diversification Requirements
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
financial
Financial Keiretsu
financial regulation analysis
holding
Holding Companies
inefficiencies
Information Rents
Interim Audit Report
investment relation costs
IRC
keiretsu
Keiretsu Firms
LBO Association
LBO Firm
Main Bank
multidivisional organisation theory
Multidivisional Organizations
Neoclassical Regulation
organisational structures
Ownership Concentration
Ownership Intermediation
Proxy Voting Rights
regulations
Relational Capital Markets
requirements
Risk Diversification
Scattered Knowledge
Universal Banks

Product details

  • ISBN 9780415171885
  • Weight: 540g
  • Dimensions: 138 x 216mm
  • Publication Date: 27 Nov 1997
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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Why did financial keiretsu develop in Japan, but not in Germany and the United States? Why is bank intermediation more dominant in Germany and Japan than in the United States? What are the advantages and disadvantages of each system?
Capital Markets and Corporate Governance in Japan, Germany and the United States answers these and related questions. Helmut Dietl explains capital market intermediation, holding companies, multidivisional organizations, financial keiretsu, and LBO associations as organizational responses to capital market inefficiencies. Country-specific responses are described as a consequence of country-specific financial regulations. Each regulatory regime results in specific capital market inefficiencies. Comparative capital market and corporate data highlight the major strengths and weaknesses of each system. This book provides a comprehensive and innovative analysis of German, Japanese and U.S. regulations.

Helmut M. Dietl is Professor of Organization and International Management at the University of Paderborn, Germany. He is co-editor of the book series NIE—New Institutional Economics, author of Institutions and Time (in German), and co-author of Organization—An Economic Perspective (in German and Japanese). He has contributed to refereed journals and published in four languages.

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