## 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 iden
Inventory Reduction and Productivity Growth: A Comparison of Japanese and US Automotive Sectors
โ Scribed by Marvin B. Lieberman; Shigeru Asaba
- Publisher
- John Wiley and Sons
- Year
- 1997
- Tongue
- English
- Weight
- 675 KB
- Volume
- 18
- Category
- Article
- ISSN
- 0143-6570
No coin nor oath required. For personal study only.
โฆ Synopsis
This study assesses the inventory and productivity performance of the Japanese and US automotive industries in recent decades. Within each country we distinguish between vehicle assemblers and parts suppliers. In Japan, assemblers and suppliers made dramatic inventory reductions and productivity gains, particularly during the 1970s. By comparison, we find an unbalanced pattern for the United States: American assembly plants have been streamlined, but parts suppliers have stagnated. In both countries our findings suggest a strong association between inventory reduction and productivity growth
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