Financial structure and organization of keiretsu − japanese business groups
Financial structure and organization of keiretsu − japanese business groups

Summary/Abstract: Keiretsu business groups play a unique role in Japan’s economy. In the postwar high-growth period, stable financial, capital, production, and personal relationships built trust, reduced transactions cost, and provided incentives for specific investments, and R&D activities among the companies within keiretsu. In the face of economic stagnation, financial deregulation and globalization, keiretsu groups are in transition. The objective of this paper is to examine financial structure and organization of keiretsu groups.

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