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GOVERNANCE, CONTRACTING, AND INVESTMENT HORIZONS: A LOOK AT JAPAN AND GERMANY

GOVERNANCE, CONTRACTING, AND INVESTMENT HORIZONS: A LOOK AT JAPAN AND GERMANY Footnotes 1 . See Oliver E. Williamson, The Economic Institutions of Capitalism: Finns, Markets, Relational Contracting. New York: Free Press, 1985, particularly pp. 43 to 102, for an illuminating discussion of asset specificity, ownership, and the governance of contractual relationships. 2 . See Oliver E. Williamson, The Economic Institutions of Capitalism: Finns, Markets, Relational Contracting. New York: Free Press, 1985; and Ronald H. Coase , “ The Nature of the Finns ,” Economica N.S. 4 ( 1937 ) pp. 386 – 405 . 3 . See Adolph A. Berle, and G. C. Means. The Modern Corporation and Private Property. (New York; MacMillan, 1932); and Michael C. Jensen and William Meckling , “ Theory of the Firm: Managerial Behavior Agency Costs, and Capital Structure ,” Journal of Financial Economics 3 ( October 1976 ), pp. 305 – 360 . 4 . The companies included in this study's field sample are as follows: For Germany, BMW, Daimler‐Benz, Porsche, Volkswagen, and Robert Bosch (a major German auto parts supplier); for Japan, Honda Motor, Mitsubishi Motors, Nissan Motor, Toyota Motor, and Calsonic Corp. (a major Japanese auto parts supplier). The executives interviewed within this sample were those responsible (at various ranks up http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Applied Corporate Finance Wiley

GOVERNANCE, CONTRACTING, AND INVESTMENT HORIZONS: A LOOK AT JAPAN AND GERMANY

Kester, W. Carl
Journal of Applied Corporate Finance , Volume 5 (2) – Jun 1, 1992
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References (1)

Publisher
Wiley
Copyright
Copyright © 1992 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1078-1196
eISSN
1745-6622
DOI
10.1111/j.1745-6622.1992.tb00492.x
Publisher site
See Article on Publisher Site

Abstract

Footnotes 1 . See Oliver E. Williamson, The Economic Institutions of Capitalism: Finns, Markets, Relational Contracting. New York: Free Press, 1985, particularly pp. 43 to 102, for an illuminating discussion of asset specificity, ownership, and the governance of contractual relationships. 2 . See Oliver E. Williamson, The Economic Institutions of Capitalism: Finns, Markets, Relational Contracting. New York: Free Press, 1985; and Ronald H. Coase , “ The Nature of the Finns ,” Economica N.S. 4 ( 1937 ) pp. 386 – 405 . 3 . See Adolph A. Berle, and G. C. Means. The Modern Corporation and Private Property. (New York; MacMillan, 1932); and Michael C. Jensen and William Meckling , “ Theory of the Firm: Managerial Behavior Agency Costs, and Capital Structure ,” Journal of Financial Economics 3 ( October 1976 ), pp. 305 – 360 . 4 . The companies included in this study's field sample are as follows: For Germany, BMW, Daimler‐Benz, Porsche, Volkswagen, and Robert Bosch (a major German auto parts supplier); for Japan, Honda Motor, Mitsubishi Motors, Nissan Motor, Toyota Motor, and Calsonic Corp. (a major Japanese auto parts supplier). The executives interviewed within this sample were those responsible (at various ranks up

Journal

Journal of Applied Corporate Finance – Wiley

Published: Jun 1, 1992

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