Japanese corporate financing structure and governance structure efficiency

Author: Bao Xiaozhong
Publisher:
Publish Date: 2006-02-01
Features: This book investigates the following questions: What is the relationship between the financing structure and governance structure of Japanese enterprises? Is this governance structure efficient? What are the characteristics of the financing structure of Japanese enterprises, and how is it changing (or about to change), and what impact will this have on the governance structure? The research in this book starts with "structure," and the word "structure" runs throughout the book. From the perspective of corporate financing, the analysis of governance structure first involves the economics of corporate internal organization. In terms of research methodology, the book extensively cites discussions from modern corporate theory. In recent years, the economics of the firm has undergone very rapid development, providing us with rich and effective analytical tools. Compared to the neoclassical theory of the firm, modern corporate theory is a systematic and insightful theoretical integration of the study of the firm. It can be said that its explanation of organizational forms is the most mature part of the theory. Therefore, the book extensively cites representative views from academia on this research, selectively adopting their basic analytical methods to stand on the shoulders of giants and reveal the profound implications of the relationship between the financing structure and governance structure efficiency of Japanese enterprises. Modern corporate theory has several important characteristics, such as emphasizing the impact of institutions on efficiency and considering the central element of economic organization to be the attributes of human action. These are fully embodied in the book's arguments. Thus, the book examines not only resource allocation but also the production transaction relationships between people.