The rise and fall and rise of Japan’s stable shareholders
Stewart Johnston
(Department of Management, University of Melbourne, Australia)
Lynn McAlevey
(Department of Finance and Quantitative Analysis, University of Otago, Dunedin, New Zealand)
950
Abstract
A historical analysis of the industrial groupings distinctive to Japan demonstrates the existence of persistent cohorts of stable friendly shareholders within group company equity holdings. Over the years, these shareholders have performed various useful tasks for group companies especially with regard to ameliorating the effects of external threats to company governance or group coherence. A number of lessons for management are derived from this analysis.
Keywords
Citation
Johnston, S. and McAlevey, L. (1999), "The rise and fall and rise of Japan’s stable shareholders", Journal of Management History (Archive), Vol. 5 No. 6, pp. 307-319. https://doi.org/10.1108/13552529910288055
Publisher
:MCB UP Ltd
Copyright © 1999, MCB UP Limited