Japanese Corporate Governance and Macroeconomic Problems

Randall Morck, Masao Nakamura and Murray Frank

Chapter 12 in The Japanese Business and Economic System, 2001, pp 325-363 from Palgrave Macmillan

Abstract: Abstract North American academics became interested in Japanese economic institutions in the 1980s, when rapidly growing Japanese firms were seizing significant shares of the global market (long dominated by established US and European firms) for cars, electronics, electrical and general machinery and precision instruments. Japan’s success seemed to many to have been achieved at the expense of declining US manufacturing industries. Thus, North American business schools taught Japanese practices in industrial relations (for example teamwork), manufacturing methods (JIT), industrial organization (keiretsu) and bank-based corporate control.

Keywords: Corporate Governance; Nominal Interest Rate; Japanese Firm; Corporate Control; Equity Ownership (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1057/9780230512283_12

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