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This comparative study analyzes how different institutional and regulatory environments in Japan, Germany, and the United States lead to distinct organizational responses in capital markets and corporate governance. The author examines mechanisms such as bank‑intermediation, financial keiretsu, holding companies, and leveraged buy‑out (LBO) associations as adaptations to country‑specific market inefficiencies. Using empirical data, the book evaluates the strengths and weaknesses of each system, offering insights into why certain corporate‑finance structures emerge in one context but not another.
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Publisher: Routledge
Publishing Year: 1998
ISBN: 978‑0415171885
Pages: 208