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Paperback Studies in International Corporate Finance and Governance Systems: A Comparison of the U.S., Japan, and Europe Book

ISBN: 0195107950

ISBN13: 9780195107951

Studies in International Corporate Finance and Governance Systems: A Comparison of the U.S., Japan, and Europe

The past decade has given rise to a growing debate over the relative efficiency of different national economic systems. There are two basic corporate finance and governance systems that predominate in today's developed economies. One is the Anglo-American market based model, with widely dispersed shareholders and a fairly vigorous corporate control market. The other is the Japanese and German relationship based system, with its large bank and intercorporate...

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