This paper develops a model of informal procurement within Japanese keiretsu so as to consider effects on intermediate …

paper investigates whether bank ties in Japan were costly for mature and healthy firms in the 1980's and 1990's, and whether …

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 …

We show that industrial ownership structures, such as keiretsu groupings in Japan, may significantly impact firms … keiretsu firms, this paper examines two relatively unexplored channels by which ownership structure matters for FDI incentives … keiretsu firms with cross-ownership consider more directly the congestion effects of further FDI into a market. The second …

Japan's zaibatsu, or pyramidal business groups, provided this coordination after the Meiji government failed at the task. We … that unique historical circumstances aided their success in prewar Japan. Specifically, Japan uniquely marginalized its …

find that banking relationships in the U.S. and Japan are strong in somewhat different dimensions. Our paper clarifies … these and other interesting similarities and differences between the U.S. and Japan …