Institutional Complementarity and Firm Performance: The Case of Japan
The major premise of the article is that economic organizations of a nation can succeed in market competition only if there are institutional completmentarities,because such complementarities enhance effective functioning of each institucional in the nation and thus,produce the positive economic effects. The article applies this premise to case of Japan and examines the Japanese institutions and their complementarities,especially those that support the main bank system and the employment system.The main argument of the article is that the supeioreconomic performance of the industrial system that has institucional changes.The emerging gaps between institutions can have negative effects on the performance of Japanese firms.
Business Law, Public Responsibility, and Ethics | Finance and Financial Management
Business and the Contemporary World
Institutional Complementarity and Firm Performance: The Case of Japan. (1997). Business and the Contemporary World. 8, (3/4), 62-85. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/3019