The persistence and implications of Japanese keiretsu organization

• 成果类型: Article
• 署名作者: McGuire, J; Dow, S
• 署名单位: Concordia University - Canada; University of Quebec; University of Quebec Montreal
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400038
• 发表日期: 2003
• 页码: 374-388
• 关键词: keiretsu; industrial groupings

摘要

This paper examines two important research questions: (1) To what extent have recent economic and regulatory changes influenced the Japanese intercorporate network? (2) Have the patterns of firm performance fostered by the Japanese inter-corporate system remained stable, or has there been an evolution to more 'North American' performance profiles? Using hierarchical regressions to compare patterns of networking and firm performance with data from the periods 1987 to 1991 and 1992 to 1997, we find little evidence to support the existence of significant changes in the patterns and implications of Japanese industrial organization. We conclude that the keiretsu system remained strongly in place throughout the first half of the 1990s. Nevertheless, we suggest that the continued move toward globalization of capital markets in Japan and ongoing regulatory change may potentially impact networking and performance implications in the 21st century.