Capital Markets and Corporate Governance in Japan, Germany, and the United States: Organizational Response to Market Inefficiencies

Front Cover
Routledge, 1998 - Business & Economics - 200 pages
0 Reviews
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.

What people are saying - Write a review

We haven't found any reviews in the usual places.

Other editions - View all

References to this book

All Book Search results »

About the author (1998)

Dietle is of the University of Paderborn, Germany.

Bibliographic information