The other body of research on which we draw is the work of contemporary economists on
the relationship between measures of financial development and such variables as the …

The salience of East Asia in the global economy is now unquestionable, and with a
population of nearly 1.9 billion, its expanding markets will strongly influence the tempo of …

Although China's centrally planned economy is a little more than a shadow of its former self,
the closely inter-linked reforms of the enterprise and banking sectors are still incomplete …

In 1900 US business corporations were dominated by plutocratic family owners, while British
and French quoted companies showed higher levels of divorce of shareholding owners from …

Central to so many accounts of post‐war Japan, the keiretsu corporate groups lacked
economic substance from the start. Conceived by Marxists committed to locating …

Although reformers often claim Japanese firms appoint inefficiently few outside directors, the
logic of market competition suggests otherwise. Given the competitive product, service, and …

Coalition Politics and Economic Development challenges the conventional wisdom that
coalition government hinders necessary policy reform in developing countries. Irfan …

Twentieth century Japan provides a remarkable laboratory for examining how an externally
imposed institutional and regulatory intervention affects the ownership of corporations. In the …

Japanese firms have historically followed a country-specific model of corporate governance.
Yet, Japan has had to adapt its corporate model over the last 30 years, along with the …

If our facts don't fit the theory, we need new theory. And why not? Ostensibly at least, we
write these articles to understand the world we live in. Our theory serves a purpose if it helps …