FRANKS, Julian; MAYER, Colin; Hideaki, MIYAJIMA - Research Institute of Economy, Trade and Industry (RIETI) - 2009
Corporate ownership and financing in Japan in the 20th century are striking. In the first half of the 20th century equity markets were active in raising more than 50% of the external financing of Japanese companies. Ownership was dispersed both by the standards of other developed economies at...
