Corporate organisation and structural adjustment in Japan

Paul Sheard
A major feature of corporate organisation in Japan is the existence of keiretsu or financial corporate groupings, centring on financial, shareholding, and trading links among ‘main1 banks, general trading companies and manufacturing firms. This study examines the economics of this form of corporate organisation and its role in Japan’s structural adjustment since the early 1970s, previous analysis of which has focused on the role of government policy and assistance. The financial corporate grouping can be...
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