This paper examines cash dividends and share repurchases in Japan - discerning between keiretsu and non … United States, share repurchases in Japan have grown strikingly across firm groupings even relative to cash dividends which … firms in Japan. Despite extensive corporate governance reform, the keiretsu grouping of firms exhibits a comparative …

firms in Japan. As one explanation for this phenomenon, wedevelop a hypothesis that keiretsu firms strategically shift …

and Japan have been chosen as they represent different macroeconomic conditions in which firms operate. Research following … macroeconomic conditions in India and Japan during periods of scarcity. The study also examines the moderating influence of group …