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| Title: | Capital markets and corporate governance in Japan, Germany and the United States organizational response to market inefficiencies |
|---|---|
| From: |
Helmut M. Dietl
|
| Person: |
Dietl, Helmut
1961- Verfasser aut |
| Main Author: | |
| Format: | Book |
| Language: | English |
| Published: |
London [u.a.]
Routledge
1998
|
| Edition: | 1. publ. |
| Series: | Routledge studies in the modern world economy
|
| Subjects: | |
| Online Access: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007975091&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Physical Description: | VII, 200 S. graph. Darst. |
| ISBN: | 0415171881 |
Staff View
MARC
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| 245 | 1 | 0 | |a Capital markets and corporate governance in Japan, Germany and the United States |b organizational response to market inefficiencies |c Helmut M. Dietl |
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Record in the Search Index
| _version_ | 1819315450945732608 |
|---|---|
| adam_text | CONTENTS
List of illustrations vi
Acknowledgements viii
Introduction 1
1 THEORETICAL FRAMEWORK 4
Investment relation 4
Investment relation costs 5
Relevant dimensions of investment relations 8
Classification of alternative regulatory environments 12
Organizational modes of capital allocation
and corporate governance 26
Discriminating match 93
2 EMPIRICAL EVIDENCE FROM GERMANY,
JAPAN AND THE UNITED STATES 111
Germany 111
Japan 132
United States 146
Conclusion 160
SUMMARY 161
Appendices 166
Noto 170
Bibliography 182
Nrf»ztf z »d!«c 190
Subject index 193
ILLUSTRATIONS
FIGURES
1.1 Expected value of investment portfolios under
accurate and inaccurate knowledge 6
1.2 Categories of knowledge generated by different
kinds of event information 28
1.3 Financial benefits (losses) of corporate owners
and creditors under limited liablility 31
1.4 Ownership concentration through pyramiding 70
1.5 Organizational structure of multidivisionalized firms 73
1.6 Financial and organizational structure of
LBO associations 78
1.7 Major debt relationships within the financial
core and between the financial core and nonfinancial
keiretsu firms 83
1.8 Comparative features of alternative modes of
capital allocation and corporate governance 92
1.9 Efficiency match under neoclassical regulation 102
2.1 Efficiency match under Japan s hybrid
regulatory environment 144
TABLES
1.1 Distinguishing features of neoclassical and relational
regulation 23
2.1 A comparison of German, Japanese and US
capital markets 121
2.2 Ownership structure of listed corporations in
Germany, Japan and the US 123
ILLUSTRATIONS
2.3 Ownership concentration under relational
(Germany), hybrid (Japan) and neoclassical (US)
capital market regulation (percentages of total) 124
2.4 Statistical results for Germany 131
2.5 Cross shareholdings, internal lending, internal
trading and personal ties within Japan s six major
financial keiretsu (1993/94) 143
2.6 Statistical results for Japan 146
2.7 Assets of six largest German, Japanese and
US banks ($ billion) 157
2.8 Statistical results for the United States 159
vii
|
| any_adam_object | 1 |
| author | Dietl, Helmut 1961- |
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| dewey-ones | 332 - Financial economics |
| dewey-raw | 332/.041 |
| dewey-search | 332/.041 |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
| format | Book |
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| id | DE-604.BV011810506 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T10:19:01Z |
| institution | BVB |
| isbn | 0415171881 |
| language | English |
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| physical | VII, 200 S. graph. Darst. |
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| series2 | Routledge studies in the modern world economy |
| spellingShingle | Dietl, Helmut 1961- Capital markets and corporate governance in Japan, Germany and the United States organizational response to market inefficiencies Actionnaires - Allemagne ram Actionnaires - Japon ram Actionnaires - États-Unis ram Corporate governance gtt Entreprises - Direction générale - Allemagne ram Entreprises - Direction générale - Etats-Unis ram Entreprises - Direction générale - Japon ram Gouvernement d'entreprise - Allemagne ram Gouvernement d'entreprise - Japon ram Gouvernement d'entreprise - États-Unis ram Kapitaalmarkt gtt Marché financier - Allemagne ram Marché financier - Japon ram Marché financier - États-Unis ram Capital market Germany Capital market United States Corporate governance Germany Corporate governance Japan Corporate governance United States Kreditwesen (DE-588)4032950-1 gnd Kapitalmarkt (DE-588)4029578-3 gnd |
| subject_GND | (DE-588)4032950-1 (DE-588)4029578-3 (DE-588)4011882-4 (DE-588)4078704-7 (DE-588)4028495-5 |
| title | Capital markets and corporate governance in Japan, Germany and the United States organizational response to market inefficiencies |
| title_auth | Capital markets and corporate governance in Japan, Germany and the United States organizational response to market inefficiencies |
| title_exact_search | Capital markets and corporate governance in Japan, Germany and the United States organizational response to market inefficiencies |
| title_full | Capital markets and corporate governance in Japan, Germany and the United States organizational response to market inefficiencies Helmut M. Dietl |
| title_fullStr | Capital markets and corporate governance in Japan, Germany and the United States organizational response to market inefficiencies Helmut M. Dietl |
| title_full_unstemmed | Capital markets and corporate governance in Japan, Germany and the United States organizational response to market inefficiencies Helmut M. Dietl |
| title_short | Capital markets and corporate governance in Japan, Germany and the United States |
| title_sort | capital markets and corporate governance in japan germany and the united states organizational response to market inefficiencies |
| title_sub | organizational response to market inefficiencies |
| topic | Actionnaires - Allemagne ram Actionnaires - Japon ram Actionnaires - États-Unis ram Corporate governance gtt Entreprises - Direction générale - Allemagne ram Entreprises - Direction générale - Etats-Unis ram Entreprises - Direction générale - Japon ram Gouvernement d'entreprise - Allemagne ram Gouvernement d'entreprise - Japon ram Gouvernement d'entreprise - États-Unis ram Kapitaalmarkt gtt Marché financier - Allemagne ram Marché financier - Japon ram Marché financier - États-Unis ram Capital market Germany Capital market United States Corporate governance Germany Corporate governance Japan Corporate governance United States Kreditwesen (DE-588)4032950-1 gnd Kapitalmarkt (DE-588)4029578-3 gnd |
| topic_facet | Actionnaires - Allemagne Actionnaires - Japon Actionnaires - États-Unis Corporate governance Entreprises - Direction générale - Allemagne Entreprises - Direction générale - Etats-Unis Entreprises - Direction générale - Japon Gouvernement d'entreprise - Allemagne Gouvernement d'entreprise - Japon Gouvernement d'entreprise - États-Unis Kapitaalmarkt Marché financier - Allemagne Marché financier - Japon Marché financier - États-Unis Capital market Germany Capital market United States Corporate governance Germany Corporate governance Japan Corporate governance United States Kreditwesen Kapitalmarkt Deutschland USA Japan |
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