التفاصيل البيبلوغرافية
| العنوان: |
Financial and product market integration: Responses of Japanese firms. |
| المؤلفون: |
Yoshikawa, Toru, Rasheed, Abdul, Datta, Deepak, Rosenstein, Joseph |
| المصدر: |
Management International Review (MIR); Sep2006, Vol. 46 Issue 5, p529-555, 27p, 3 Charts |
| مصطلحات موضوعية: |
FINANCIAL services industry, FOREIGN investments, INVESTORS, KEIRETSU, JAPANESE American business enterprises |
| مصطلحات جغرافية: |
JAPAN |
| مستخلص: |
* Growing financial and product market integration has resulted in increased pressures for changes in most developed economies. We investigate the impact of these twin drivers on changes effected by Japanese firms between 1986 and 1999. * Specifically, we examine (1) how shareholdings by market investors and foreign investors and (2) export ratio impact outcomes in the form of efficiency increases, dividend payout, and leverage change. * We also investigate whether the relationships differ between keiretsu and nonkeiretsu firms. * Ownership by market investors was positively associated with efficiency increases and decreases in firm leverage. In addition, firm export ratio played a key role in motivating Japanese firms to increase their efficiency and firm leverage. Moreover, these relationships were more pronounced in non-keiretsu than keiretsu firms. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Complementary Index |
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