Finance, Governance, and Competitiveness in Japan

Michael J.Lynskey, Business History, Vol.43, No.2, April 2001 topical ... brings together contributions from leading authorities in the field of Japanese studies ... each chapter in the book is a commendable piece of research in itself and can be read as a standalone chapter. The attraction of the book lies in its assessment of Japan from different academic perspectives. It may appeal to business historians with an interest in the Japanese economy, particularly in the failings of financial institutions in recent years ... an interesting and useful source of reference on quite a broad range of topics relating to Japan.

Introduction; Chapter 1: Strategies for Overcoming Japan's Financial Crisis; PART I: CORPORATE GOVERNANCE AND THE EVOLUTION OF JAPAN'S FINANCIAL SYSTEM; Chapter 2: Relational Financing as an Institution and its Viability under Competition; Chapter 3: The Fall of the Taisho Economic System; Chapter 4: Main Banks, Creditor Concentration, and the Resolution of Financial Distress in Japan; Chapter 5: The Main Bank System and Corporate Investment: an Empirical Assessment; Comment on Hayashi; Chapter 6: Bank-owned Security Subsidies in Japan: Evidence after the 1992 Financial System Reform; Chapter 7: Credit Ratings and Spreads in the Samurai Bond Market; Chapter 8: Japan's Banking Crisis in International Perspective; PART II: GOVERNMENT, THE LEGAL SYSTEM, AND THE STRUCTURE AND OPERATION OF JAPANESE ECONOMY; Chapter 9: Explaining the Low Litigation Rate in Japan; Comment on Hamada; Chapter 10: Rethinking Administrative Guidance; Chapter 11: R & D Consortia, News, and Japanese High Technology PolicyDSOptoelectronics in Japan; Chapter 12: The Sources of Industrial Leadership; PART III: FINALE; Chapter 13: The Development of Studies of the Japanese Economy in the United States