Japanese corporate finance and international competition: Japanese capitalism versus American capitalism
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Basingstoke, Hampshire [u.a.]
Macmillan [u.a.]
1998
|
| Ausgabe: | 1. publ. |
| Schriftenreihe: | Studies in the modern Japanese economy
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XII, 194 S. graph. Darst. |
| ISBN: | 0333695976 0312211589 |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV011888276 | ||
| 003 | DE-604 | ||
| 005 | 19980507 | ||
| 007 | t | ||
| 008 | 980416s1998 d||| |||| 00||| eng d | ||
| 020 | |a 0333695976 |9 0-333-69597-6 | ||
| 020 | |a 0312211589 |9 0-312-21158-9 | ||
| 035 | |a (OCoLC)39117304 | ||
| 035 | |a (DE-599)BVBBV011888276 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-12 |a DE-703 |a DE-355 |a DE-19 |a DE-11 | ||
| 050 | 0 | |a HG4245 | |
| 082 | 0 | |a 658.150952 |2 21 | |
| 084 | |a QG 870 |0 (DE-625)141525: |2 rvk | ||
| 084 | |a QK 100 |0 (DE-625)141632: |2 rvk | ||
| 100 | 1 | |a Ide, Masasuke |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Japanese corporate finance and international competition |b Japanese capitalism versus American capitalism |c Masasuke Ide |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a Basingstoke, Hampshire [u.a.] |b Macmillan [u.a.] |c 1998 | |
| 300 | |a XII, 194 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a Studies in the modern Japanese economy | |
| 650 | 7 | |a Concurrentiepositie |2 gtt | |
| 650 | 7 | |a Financiering |2 gtt | |
| 650 | 7 | |a Kapitalisme |2 gtt | |
| 650 | 7 | |a Ondernemingen |2 gtt | |
| 650 | 4 | |a Kapitalismus | |
| 650 | 4 | |a Wirtschaftspolitik | |
| 650 | 4 | |a Capital market |z Japan | |
| 650 | 4 | |a Competition, International | |
| 650 | 4 | |a Corporations |z Japan |x Finance | |
| 650 | 4 | |a Finance |z Japan | |
| 650 | 0 | 7 | |a Internationale Wettbewerbsfähigkeit |0 (DE-588)4027386-6 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Kreditmarkt |0 (DE-588)4073788-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Finanzierung |0 (DE-588)4017182-6 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Unternehmen |0 (DE-588)4061963-1 |2 gnd |9 rswk-swf |
| 651 | 4 | |a Japan |x Economic policy |y 1945-1989 | |
| 651 | 7 | |a Japan |0 (DE-588)4028495-5 |2 gnd |9 rswk-swf | |
| 689 | 0 | 0 | |a Japan |0 (DE-588)4028495-5 |D g |
| 689 | 0 | 1 | |a Unternehmen |0 (DE-588)4061963-1 |D s |
| 689 | 0 | 2 | |a Kreditmarkt |0 (DE-588)4073788-3 |D s |
| 689 | 0 | 3 | |a Internationale Wettbewerbsfähigkeit |0 (DE-588)4027386-6 |D s |
| 689 | 0 | |5 DE-604 | |
| 689 | 1 | 0 | |a Japan |0 (DE-588)4028495-5 |D g |
| 689 | 1 | 1 | |a Finanzierung |0 (DE-588)4017182-6 |D s |
| 689 | 1 | 2 | |a Internationale Wettbewerbsfähigkeit |0 (DE-588)4027386-6 |D s |
| 689 | 1 | |5 DE-604 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008032581&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-008032581 | ||
Datensatz im Suchindex
| _version_ | 1804126474399121408 |
|---|---|
| adam_text | Contents
List of Figures ix
List of Tables x
Acknowledgements xii
PART I THE CENTRAL MARKETPLACE OF
CAPITALISM
1 Economic Systems and Resource Allocation 3
1.1 The Three Types of Economic System 3
1.2 The Socialist Centrally Planned Economic
System (Former Soviet Union) 8
1.3 The Pure Open Market Economic System
(US Capitalism) 10
1.4 The United States as the Central
Marketplace 12
2 Economic Value Creation by Investor Owned
Companies 17
2.1 The Economy and the Firm 17
2.2 The Process of Economic Value Creation
through the Marketplace 18
2.3 Rules for Evaluating Company Performance 23
3 The Role of the Capital Market 27
3.1 Cash Flow as the Source of Value 27
3.2 Evaluation of a Company as a Going Concern 30
3.3 Diversification of the Source of Capital
through Slicing the Total Cash Flow 34
v
vi Contents
4 The Stock Market as the Final Judge of the
Value Creation Process 39
4.1 Two Approaches to Stock Valuation:
Technical vs Fundamental Analysis 39
4.2 Modem Portfolio Theory 41
4.3 Conditions for Efficient Stock Price
Formation 44
PART II JAPANESE CAPITALISM
5 Japanese Economic and Financial Systems 55
5.1 Strategic Allocation of Resources 55
5.2 The Indirect Financing System 60
5.3 The Financial Policy of Large Japanese
Companies 63
6 The Unique Features of the Japanese Stock
and Share Ownership Structure 69
6.1 The Unique Share Ownership Structure 69
6.2 The Characteristics of Relationship
Investment 73
6.3 Bank Asset Liability Management and
Relationship Investment 76
6.4 High Valuation of Low Profitability,
Low Growth Companies 78
6.5 Unique Features of Common Stock in
Japan 81
6.6 Changing Patterns of New Equity Issues 82
7 Stock Valuation in Japan: Phase One 87
7.1 Commitment to a Stable, Fixed Dividend 87
7.2 The Logic of Stock Valuation during
Phase One 90
Contents vii
8 Stock Valuation in Japan: Phase Two 97
8.1 The Proliferation of New Equity
Financing at Market Price 97
8.2 Stock Valuation during Phase Two 103
9 Factors Underpinning the Call Optimisation
of the Stock Market 107
9.1 The Downside Risk Hedging System 107
9.2 The Nature of the Japanese Beauty
Contest 108
9.3 Reconciliation of the Call Optionised
Market with Finance Theory 116
9.4 The Role of Main Banks as the Delegated
Monitors of the Stock Market 117
9.5 Summary 120
PART III CORPORATE PROFITABILITY AND THE
COST OF CAPITAL
10 Corporate Profitability and International
Competition 125
10.1 The Corporate Financing System as the
Core of the Better and Cheaper Strategy 125
10.2 International Comparison of Corporate
Profitability 128
10.3 Low Profitability as an International
Competiti ve Edge 133
10.4 Corporate Profitability and Corporate
Growth 137
11 International Comparison of the Cost of Capital 141
11.1 The Cost of Capital Concept 141
11.2 Empirical Findings 142
viii Contents
PART IV CRITICAL REASSESSMENT OF
JAPANESE CAPITALISM AS A CATCH UP MODEL
12 Japan s National Value Creation Process 151
12.1 The Role of Companies 151
12.2 Japan s Economic Value Creation
Process 154
13 The Merits and Demerits of Japanese
Capitalism 159
13.1 Japan s Excellent Macro Performance 159
13.2 Limitations and Weaknesses 164
14 The Future: New Challenges and Changes 173
14.1 New Challenges 173
14.2 Some Evidence of Change 180
14.3 Implications for the Strategies of
Japanese Companies 183
Notes and References 187
Index 191
|
| any_adam_object | 1 |
| author | Ide, Masasuke |
| author_facet | Ide, Masasuke |
| author_role | aut |
| author_sort | Ide, Masasuke |
| author_variant | m i mi |
| building | Verbundindex |
| bvnumber | BV011888276 |
| callnumber-first | H - Social Science |
| callnumber-label | HG4245 |
| callnumber-raw | HG4245 |
| callnumber-search | HG4245 |
| callnumber-sort | HG 44245 |
| callnumber-subject | HG - Finance |
| classification_rvk | QG 870 QK 100 |
| ctrlnum | (OCoLC)39117304 (DE-599)BVBBV011888276 |
| dewey-full | 658.150952 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.150952 |
| dewey-search | 658.150952 |
| dewey-sort | 3658.150952 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02514nam a2200649 c 4500</leader><controlfield tag="001">BV011888276</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">19980507 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">980416s1998 d||| |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0333695976</subfield><subfield code="9">0-333-69597-6</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0312211589</subfield><subfield code="9">0-312-21158-9</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)39117304</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV011888276</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-11</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HG4245</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">658.150952</subfield><subfield code="2">21</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QG 870</subfield><subfield code="0">(DE-625)141525:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 100</subfield><subfield code="0">(DE-625)141632:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Ide, Masasuke</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Japanese corporate finance and international competition</subfield><subfield code="b">Japanese capitalism versus American capitalism</subfield><subfield code="c">Masasuke Ide</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">1. publ.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Basingstoke, Hampshire [u.a.]</subfield><subfield code="b">Macmillan [u.a.]</subfield><subfield code="c">1998</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XII, 194 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Studies in the modern Japanese economy</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Concurrentiepositie</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Financiering</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Kapitalisme</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Ondernemingen</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Kapitalismus</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaftspolitik</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Capital market</subfield><subfield code="z">Japan</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Competition, International</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Corporations</subfield><subfield code="z">Japan</subfield><subfield code="x">Finance</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance</subfield><subfield code="z">Japan</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Internationale Wettbewerbsfähigkeit</subfield><subfield code="0">(DE-588)4027386-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Kreditmarkt</subfield><subfield code="0">(DE-588)4073788-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Finanzierung</subfield><subfield code="0">(DE-588)4017182-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Unternehmen</subfield><subfield code="0">(DE-588)4061963-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Japan</subfield><subfield code="x">Economic policy</subfield><subfield code="y">1945-1989</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Japan</subfield><subfield code="0">(DE-588)4028495-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Japan</subfield><subfield code="0">(DE-588)4028495-5</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Unternehmen</subfield><subfield code="0">(DE-588)4061963-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Kreditmarkt</subfield><subfield code="0">(DE-588)4073788-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="3"><subfield code="a">Internationale Wettbewerbsfähigkeit</subfield><subfield code="0">(DE-588)4027386-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="1" ind2="0"><subfield code="a">Japan</subfield><subfield code="0">(DE-588)4028495-5</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="1" ind2="1"><subfield code="a">Finanzierung</subfield><subfield code="0">(DE-588)4017182-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="2"><subfield code="a">Internationale Wettbewerbsfähigkeit</subfield><subfield code="0">(DE-588)4027386-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008032581&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-008032581</subfield></datafield></record></collection> |
| geographic | Japan Economic policy 1945-1989 Japan (DE-588)4028495-5 gnd |
| geographic_facet | Japan Economic policy 1945-1989 Japan |
| id | DE-604.BV011888276 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:18:02Z |
| institution | BVB |
| isbn | 0333695976 0312211589 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-008032581 |
| oclc_num | 39117304 |
| open_access_boolean | |
| owner | DE-12 DE-703 DE-355 DE-BY-UBR DE-19 DE-BY-UBM DE-11 |
| owner_facet | DE-12 DE-703 DE-355 DE-BY-UBR DE-19 DE-BY-UBM DE-11 |
| physical | XII, 194 S. graph. Darst. |
| publishDate | 1998 |
| publishDateSearch | 1998 |
| publishDateSort | 1998 |
| publisher | Macmillan [u.a.] |
| record_format | marc |
| series2 | Studies in the modern Japanese economy |
| spelling | Ide, Masasuke Verfasser aut Japanese corporate finance and international competition Japanese capitalism versus American capitalism Masasuke Ide 1. publ. Basingstoke, Hampshire [u.a.] Macmillan [u.a.] 1998 XII, 194 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Studies in the modern Japanese economy Concurrentiepositie gtt Financiering gtt Kapitalisme gtt Ondernemingen gtt Kapitalismus Wirtschaftspolitik Capital market Japan Competition, International Corporations Japan Finance Finance Japan Internationale Wettbewerbsfähigkeit (DE-588)4027386-6 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Finanzierung (DE-588)4017182-6 gnd rswk-swf Unternehmen (DE-588)4061963-1 gnd rswk-swf Japan Economic policy 1945-1989 Japan (DE-588)4028495-5 gnd rswk-swf Japan (DE-588)4028495-5 g Unternehmen (DE-588)4061963-1 s Kreditmarkt (DE-588)4073788-3 s Internationale Wettbewerbsfähigkeit (DE-588)4027386-6 s DE-604 Finanzierung (DE-588)4017182-6 s HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008032581&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Ide, Masasuke Japanese corporate finance and international competition Japanese capitalism versus American capitalism Concurrentiepositie gtt Financiering gtt Kapitalisme gtt Ondernemingen gtt Kapitalismus Wirtschaftspolitik Capital market Japan Competition, International Corporations Japan Finance Finance Japan Internationale Wettbewerbsfähigkeit (DE-588)4027386-6 gnd Kreditmarkt (DE-588)4073788-3 gnd Finanzierung (DE-588)4017182-6 gnd Unternehmen (DE-588)4061963-1 gnd |
| subject_GND | (DE-588)4027386-6 (DE-588)4073788-3 (DE-588)4017182-6 (DE-588)4061963-1 (DE-588)4028495-5 |
| title | Japanese corporate finance and international competition Japanese capitalism versus American capitalism |
| title_auth | Japanese corporate finance and international competition Japanese capitalism versus American capitalism |
| title_exact_search | Japanese corporate finance and international competition Japanese capitalism versus American capitalism |
| title_full | Japanese corporate finance and international competition Japanese capitalism versus American capitalism Masasuke Ide |
| title_fullStr | Japanese corporate finance and international competition Japanese capitalism versus American capitalism Masasuke Ide |
| title_full_unstemmed | Japanese corporate finance and international competition Japanese capitalism versus American capitalism Masasuke Ide |
| title_short | Japanese corporate finance and international competition |
| title_sort | japanese corporate finance and international competition japanese capitalism versus american capitalism |
| title_sub | Japanese capitalism versus American capitalism |
| topic | Concurrentiepositie gtt Financiering gtt Kapitalisme gtt Ondernemingen gtt Kapitalismus Wirtschaftspolitik Capital market Japan Competition, International Corporations Japan Finance Finance Japan Internationale Wettbewerbsfähigkeit (DE-588)4027386-6 gnd Kreditmarkt (DE-588)4073788-3 gnd Finanzierung (DE-588)4017182-6 gnd Unternehmen (DE-588)4061963-1 gnd |
| topic_facet | Concurrentiepositie Financiering Kapitalisme Ondernemingen Kapitalismus Wirtschaftspolitik Capital market Japan Competition, International Corporations Japan Finance Finance Japan Internationale Wettbewerbsfähigkeit Kreditmarkt Finanzierung Unternehmen Japan Economic policy 1945-1989 Japan |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008032581&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT idemasasuke japanesecorporatefinanceandinternationalcompetitionjapanesecapitalismversusamericancapitalism |