Economic organizations and corporate governance in Japan2004

"Using an institutional and empirical approach, this book analyses the role of formal rules - law and regulations - and informal rules - norms, practices, and shared beliefs - in the Japanese economy. Drawing on in-depth studies of corporate governance and finance, mergers and acquisitions, financial regulation, and markets for everything from venture capital to legal talent and organized crime, Milhaupt and West show that institutions play a crucial role in the structure of the Japanese economy, which often is portrayed as being governed exclusively by interpersonal relations and bureaucratic fiat."

"The book demonstrates that despite outward appearances of a decade of stagnation in Japan, the formal and informal rules of the Japanese economy are changing significantly. The evidence...