Can Japan mobilise enough venture capital to finance its promising venture firms and to support its advance into high-tech? The authors use institutional economics, and the principal-agent as well as the transaction cost approach in particular to answer this question. Firstly, a number of...

The discussion paper summarizes the results of a workshop that focussed on the institutional foundations of innovation and competitiveness in East Asia. The following papers are contained: 'Transitional Institutions, Institutional Complementarities and Economic Performance in China. A "Varieties...

Das Papier gibt drei Beiträge zu einer Veranstaltung im Rahmen der Workshopreihe 'Ordnung und Organisation der japanischen Wirtschaft' wieder. Stefan Voigt führt in Annahmen, Analysemethoden und Anwendungsmöglichkeiten der institutionenökonomischen Theorie ein. Dirk Wentzel greift auf die...

This illuminating book broadly addresses the emerging field of "diversity of capitalism" from a comparative institutional approach. It explores the varied patterns for achieving coordination in different economic systems, applying them specifically to China, Japan and South Korea. These...