Journal ArticleDOI
Antitrust in Japan.
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This article is published in Pacific Affairs.The article was published on 1970-08-01. It has received 132 citations till now.read more
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Book ChapterDOI
Markets as Politics: A Political‐Cultural Approach to Market Institutions
TL;DR: The authors examine the perspective sociologique which affirme que la stabilite du marche n'est possible if les acteurs prennent en compte leurs actions reciproques.
Journal ArticleDOI
Business Groups in Emerging Markets: Paragons or Parasites?
TL;DR: A review of the existing literature on groups can be found in this paper, where the authors point out important biases in the literature including the avoidance of a serious discussion of the origins of business groups, and the unfounded assumption that rentseeking is the only feasible political economy equilibrium in an interaction between groups and the government.
Journal ArticleDOI
Keiretsu Networks and Corporate Performance in Japan
TL;DR: Les AA. present a certain nombre de donnees collectees in the Japon entre 1965 and 1988 concernant les grandes entreprises de ce pays and etudient plus particulierement les keiretsu.
Journal ArticleDOI
The governance structure of the Japanese financial keiretsu
TL;DR: The authors rationalize the cross-holdings of debt and equity within the Japanese keiretsu as a contingent governance mechanism through which internal discipline is sustained over time, and the reciprocal allocation of control rights supports cooperation and mutual monitoring among managers through a coalition-enforced threat of removal from control.
Journal ArticleDOI
The main bank system and corporate monitoring and control in Japan
TL;DR: In this paper, the authors interpreted close bank-firm ties as evidence of a quasi-internal capital market in which the main bank internalizes the monitoring and control functions of the external capital market.