EconPapers    
Economics at your fingertips  
 

Le mode de gouvernement des entreprises japonaises: un modèle à suivre ?

Mehdi Nekhili ()

Revue Finance Contrôle Stratégie, 1998, vol. 1, issue 4, 63-82

Abstract: Japanese companies often belong to a Keiretsu and so are distinguished by a particular governance mode. Although their shares are quoted on the Stock Exchange, they are generally controlled by main banks, which are shareholders and creditors. These system implications are numerous and induce asymmetric information and moral hazard problems less acute between the different stakeholders, a weaker bankruptcy rate of firms and banks, and a concentration on decisions aiming long-term plans.

Keywords: corporate governance; Keiretsu; main banks. (search for similar items in EconPapers)
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://crego.u-bourgogne.fr/images/stories/rev/014082.pdf (application/pdf)

Related works:
Working Paper: Le mode de gouvernement des entreprises japonaises: un modèle à suivre ? (1998) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dij:revfcs:v:1:y:1998:i:q4:p:63-82

Ordering information: This journal article can be ordered from

Access Statistics for this article

Revue Finance Contrôle Stratégie is currently edited by Albert David

More articles in Revue Finance Contrôle Stratégie from revues.org
Bibliographic data for series maintained by Gérard Charreaux ().

 
Page updated 2020-01-04
Handle: RePEc:dij:revfcs:v:1:y:1998:i:q4:p:63-82