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to the major zaibatsu in pre-war Japan basically outperformed other companies in terms of ROE, using panel data of 1935 …
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We explore how changes in ownership and managerial control affect the productivity and profitability of producers. Using detailed operational, financial, and ownership data from the Japanese cotton spinning industry at the turn of the last century, we find a more nuanced picture than the...
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(horizontal differentiation). The market context is Japan's cotton spinning industry at the turn of the last century. We find that …
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