Governance and Competitive Advantage

Managerial Finance - Tập 20 Số 8 - Trang 54-68 - 1994
Lewis D.Johnson1, Edwin H.Neave1
1School of Business, Queen's University, Kingson, Ontario, Canada K7L 3N6

Tóm tắt

This paper uses a transactions economics theory of financial governance to reconcile and integrate the evidence on inter‐ and intra‐country differences in corporate finance and corporate governance. We argue that one reason for the competitive advantage demonstrated by Japan in recent years is Japan's greater use of high capability financial governance and its consequent reduction of risks that would otherwise be borne.

Từ khóa


Tài liệu tham khảo

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Thông tin
Thông tin xuất bản

Managerial Finance

Tập 20 Số 8

54-68

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