Some Differences in Corporate Structure in Germany, Japan, and the United States.pdf

Some Differences in Corporate Structure in Germany, Japan, and the United States.pdf

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页数:78页

时间:2019-03-03

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1、TheYaleLawJournalCompany,Inc.SomeDifferencesinCorporateStructureinGermany,Japan,andtheUnitedStatesAuthor(s):MarkJ.RoeSource:TheYaleLawJournal,Vol.102,No.8,Symposium:EconomicCompetitivenessandtheLaw(Jun.,1993),pp.1927-2003Publishedby:TheYaleLawJournalCompany,Inc.St

2、ableURL:http://www.jstor.org/stable/796856.Accessed:25/05/201309:12YouruseoftheJSTORarchiveindicatesyouracceptanceoftheTerms&ConditionsofUse,availableat.http://www.jstor.org/page/info/about/policies/terms.jsp.JSTORisanot-for-profitservicethathelpsscholars,research

3、ers,andstudentsdiscover,use,andbuilduponawiderangeofcontentinatrusteddigitalarchive.Weuseinformationtechnologyandtoolstoincreaseproductivityandfacilitatenewformsofscholarship.FormoreinformationaboutJSTOR,pleasecontactsupport@jstor.org..TheYaleLawJournalCompany,Inc

4、.iscollaboratingwithJSTORtodigitize,preserveandextendaccesstoTheYaleLawJournal.http://www.jstor.orgThiscontentdownloadedfrom59.72.49.33onSat,25May201309:12:37AMAllusesubjecttoJSTORTermsandConditionsSomeDifferencesinCorporateStructureinGermany,Japan,andtheUnitedSta

5、tesMarkJ.RoetCONTENTSINTRODUCTION..............................................1928I.THECLASSICALECONOMICMODELOFTHEPUBLICFIRM.............1933II.GERMANANDJAPANESEINFLUENCETHROUGHSTOCKHOLDING:SHAREDCONTROLANDAFLATTERAUTHORITYSTRUCTURE...........1936A.LargeFinnsandL

6、argeVotingBlocks........................1936B.StructuredInteraction...................................1941C.SizeofForeignFinancialIntermediaries......................1946D.AmericanBankingRegulation.............................19481.GermanUniversalBanksintheUnitedS

7、tates?..............19492.JapaneseMainBanksintheUnitedStates?................19513.MainBanksandUniversalBanks-ThePotentialforControl....19544.MainBanksandUniversalBanks-TheSuppressionandCaptureoftheSecuritiesMarket........................1955E.OtherRegulatoryImped

8、iments.............................1956III.FINANCIALEVOLUTIONINGERMANYANDJAPAN?...1958A.TheEvolutionaryArgument...................-.1958B.Problemswithth

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