Financial and Product Market Integration: Responses of Japanese Firms

Growing financial and product market integration has resulted in increased pressures for changes in most developed economies. The researchers investigate the impact of these twin drivers on changes effected by Japanese firms between 1986 and 1999. Specifically, researchers examine how shareholdings...

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Main Authors: YOSHIKAWA, Toru, Rasheed, Abdul, Deepak, K.D., Rosenstein, J.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2006
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/2791
https://link.springer.com/article/10.1007%2Fs11575-006-0114-6
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spelling sg-smu-ink.lkcsb_research-37902016-02-12T08:53:22Z Financial and Product Market Integration: Responses of Japanese Firms YOSHIKAWA, Toru Rasheed, Abdul Deepak, K.D. Rosenstein, J. Growing financial and product market integration has resulted in increased pressures for changes in most developed economies. The researchers investigate the impact of these twin drivers on changes effected by Japanese firms between 1986 and 1999. Specifically, researchers examine how shareholdings by market investors and foreign investors and export ratio impact outcomes in the form of efficiency increases, dividend payout, and leverage change. Researchers also investigate whether the relationships differ between keiretsu and non-keiretsu firms. Ownership by market investors was positively associated with efficiency increases and decreases in firm leverage. In addition, firm export ratio played a key role in motivating Japanese firms to increase their efficiency and firm leverage. Moreover, these relationships were more pronounced in non-keiretsu than keiretsu firms. 2006-09-01T07:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/2791 info:doi/10.1007/s11575-006-0114-6 https://link.springer.com/article/10.1007%2Fs11575-006-0114-6 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Business Law, Public Responsibility, and Ethics Corporate Finance Entrepreneurial and Small Business Operations
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Business Law, Public Responsibility, and Ethics
Corporate Finance
Entrepreneurial and Small Business Operations
spellingShingle Business Law, Public Responsibility, and Ethics
Corporate Finance
Entrepreneurial and Small Business Operations
YOSHIKAWA, Toru
Rasheed, Abdul
Deepak, K.D.
Rosenstein, J.
Financial and Product Market Integration: Responses of Japanese Firms
description Growing financial and product market integration has resulted in increased pressures for changes in most developed economies. The researchers investigate the impact of these twin drivers on changes effected by Japanese firms between 1986 and 1999. Specifically, researchers examine how shareholdings by market investors and foreign investors and export ratio impact outcomes in the form of efficiency increases, dividend payout, and leverage change. Researchers also investigate whether the relationships differ between keiretsu and non-keiretsu firms. Ownership by market investors was positively associated with efficiency increases and decreases in firm leverage. In addition, firm export ratio played a key role in motivating Japanese firms to increase their efficiency and firm leverage. Moreover, these relationships were more pronounced in non-keiretsu than keiretsu firms.
format text
author YOSHIKAWA, Toru
Rasheed, Abdul
Deepak, K.D.
Rosenstein, J.
author_facet YOSHIKAWA, Toru
Rasheed, Abdul
Deepak, K.D.
Rosenstein, J.
author_sort YOSHIKAWA, Toru
title Financial and Product Market Integration: Responses of Japanese Firms
title_short Financial and Product Market Integration: Responses of Japanese Firms
title_full Financial and Product Market Integration: Responses of Japanese Firms
title_fullStr Financial and Product Market Integration: Responses of Japanese Firms
title_full_unstemmed Financial and Product Market Integration: Responses of Japanese Firms
title_sort financial and product market integration: responses of japanese firms
publisher Institutional Knowledge at Singapore Management University
publishDate 2006
url https://ink.library.smu.edu.sg/lkcsb_research/2791
https://link.springer.com/article/10.1007%2Fs11575-006-0114-6
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