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We show that industrial ownership structures, such as keiretsu groupings in Japan, may significantly impact firms …
Persistent link: https://www.econbiz.de/10012470685
This paper develops a model of informal procurement within Japanese keiretsu so as to consider effects on intermediate-good imports, such as auto parts. Parts-suppliers make relationship-specific investments that benefit the auto-maker and prices are determined by bargaining after investment has...
Persistent link: https://www.econbiz.de/10012471203
paper investigates whether bank ties in Japan were costly for mature and healthy firms in the 1980's and 1990's, and whether …
Persistent link: https://www.econbiz.de/10012469054
This paper reviews the literature on corporate groups in Japan and elsewhere, and offers a comparison of Japan … groups in Japan since the mid-1970s. The main conclusions that emerge are that: 1. Empirical evidence on the economic roles … of corporate groups in Japan is limited. 2. Japanese groups are, in some respects, quite similar to groups in other …
Persistent link: https://www.econbiz.de/10012469317
We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year …
Persistent link: https://www.econbiz.de/10012465251
ask the following question: how much did the apparent closure of the Japanese market to imports affect Japan's export … otherwise have been uncompetitive both at home and abroad. We find, however, that Japan's home market protection nonetheless … produced more costs than benefits for Japan …
Persistent link: https://www.econbiz.de/10012477136
differential effects on the performance of the IT industries in the United States and Japan. Using a broad unbalanced panel of US …
Persistent link: https://www.econbiz.de/10012462494
Why would the US threaten punitive tariffs on luxury autos to implement a market share target in auto parts? We show that by making threats to a linked market, a market share may be implemented with fairly weak informa- tional and administrative requirements. Moreover, such policies can be both...
Persistent link: https://www.econbiz.de/10012473162
Department) brought about a 1986 trade agreement in which the United States forced Japan to end the 'dumping' of semiconductors … 'affirmative action' for the industry in its efforts to sell more in Japan, but has been criticized as constituting 'export …
Persistent link: https://www.econbiz.de/10012474180
Business groups often contain banks or near banks that can protect group firms from economic shocks. A group bank subordinate to other group firms can become an "organ bank" that selflessly bails out distressed group firms and anticipates a government bailout. A group bank subordinating other...
Persistent link: https://www.econbiz.de/10012599325