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A comparison of ownership structures and innovations of US and Japanese firms

✍ Scribed by Peggy M. Lee


Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
159 KB
Volume
26
Category
Article
ISSN
0143-6570

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✦ Synopsis


Abstract

This study analyzes the impact of ownership structure on innovation in the US and Japan. Agency theory is used to develop links between the distinct patterns of ownership in the US and Japan to differences in innovation. Empirical evidence shows that ownership concentration and the identity of the investors with large ownership positions affects innovation. This relationship differs across the two countries. Copyright Β© 2005 John Wiley & Sons, Ltd.


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