Detail Ownership Structure and Corporate Performance in Japan   Oleh:  Lichtenberg, Frank R. Jenis: Article from Bulletin/Magazine Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 6 no. 3 (1994), page 239-262. Topik: ownership structure; ownership structure; corporate performance Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ47 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel We test several hypotheses regarding the relationship between ownership structure and corporate performance. Our findings support the proposition that equity ownership by financial institutions in Japan may effectively substitute for the missing external takeover market by resulting in monitoring and intervention which minimizes the danger of lapses in productivity. In contrast, we also find evidence that high levels of intercorporate shareholding insulate firms from their own problems, at the expense of firm performance. Further, we find a notable positive influence of insider ownership, but see no evidence that the influence of financial institutions has diminished in the globalization and prosperity of the 1980 s. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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