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Understanding Japanese Keiretsu: Overlaps Between Corporate Governance and Industrial Organization
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The article was published on 1993-01-01 and is currently open access. It has received 217 citations till now. The article focuses on the topics: Corporate governance & Keiretsu.read more
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Larger board size and decreasing firm value in small firms1
TL;DR: In this paper, the authors find a significant negative correlation between board size and profitability in a sample of small and midsize Finnish firms, finding a board size effect for a new and different class of firms affects the range of explanations for the board-size effect.
Book ChapterDOI
Recent Evolutionary Theorizing About Economic Change
TL;DR: This famous passage from Marshall's Principles of Economics (it first appeared in the fifth edition which came out in 1907) nicely brings out two issues which are as germane to economics today as they were when Marshall wrote as mentioned in this paper.
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.
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A clash of capitalisms: Foreign shareholders and corporate restructuring in 1990s Japan
TL;DR: This article examined the clash between stakeholder-and shareholder-based business systems resulting from an increase in foreign portfolio investment in the Japanese economy during the 1990s and found that foreign institutional investors, who were more interested in investment returns than in long-term relationships, replaced domestic shareholders.
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The Money Center Cannot Hold: Commercial Banks in the U.S. System of Corporate Governance
Gerald F. Davis,Mark S. Mizruchi +1 more
TL;DR: In this article, the authors examine how the place of banks in the intercorporate network has changed as a result of their decreasing role as financial intermediaries in the U.S. economy.
References
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The structure and governance of venture-capital organizations
TL;DR: The authors describes and analyzes the structure of VC organizations, focusing on the relationship between investors and venture capitalists and between venture-capital firms and the ventures in which they invest, and contrasts VC organizations with large, publicly traded corporations and with leveraged buyout organizations.
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The role of venture capital in the creation of public companies: Evidence from the going-public process
TL;DR: In this article, the authors examine an exhaustive set of initial public offerings (IPOs) by venture-capital-backed companies between 1978 and 1987 and find that venture capitalists specialize their investments in firms to provide intensive monitoring services.