Stable Shareholdings and Japan's Bubble Economy : An Historical Overview  

Oleh:

Johnston, Stewart ; McAlevey, Lynn

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 19 no. 11 (1998), page 1101-1107.
Topik: economy; japan; industrial groups; bubble economy; stable shareholders

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This is an exploratory study aimed at establishing the existence of a strategy utilized by large japanese industrial groups to protect themselves against external threats. A measure is developed to assess the stability of the top 10 shareholders of 134 leading companies in the six japanese industrial groups - mitsui, mitsubishi, sumitomo, DKB, sanwa and fuyo - over the 1973 - 93 period. The results demonstrate the useby these companies of their networks of stable stakeholdings as a strategic response to deal with threats to group company govenrnance structures arising from the stock market and property boom of the late 1980s (known in japan as the "bubble" economy) and its aftermath. Some theoretical and practical reflections are presented.

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