A comparison of ownership structures and innovations of US and Japanese firms

Peggy M. Lee
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Peggy M. Lee: Goizueta Business School, Emory University, USA, Postal: Goizueta Business School, Emory University, USA

Managerial and Decision Economics, 2005, vol. 26, issue 1, pages 39-50

Abstract: This study analyzes the impact of ownership structure on innovation in the US and Japan. Agency theory is used to develop links between the distinct patterns of ownership in the US and Japan to differences in innovation. Empirical evidence shows that ownership concentration and the identity of the investors with large ownership positions affects innovation. This relationship differs across the two countries. Copyright © 2005 John Wiley & Sons, Ltd.

Date: 2005
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