Excess Capacity and Difficulty of Exit

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Publisher :
ISBN 13 : 9789811649011
Total Pages : 0 pages
Book Rating : 4.6/5 (49 download)

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Book Synopsis Excess Capacity and Difficulty of Exit by : Sumio Saruyama

Download or read book Excess Capacity and Difficulty of Exit written by Sumio Saruyama and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides cases and analyses of causes and consequences of difficulty in downsizing and exiting in the electronics industry during the "two lost decades" in Japan. Because of excess capacity in the industry, many electronics companies have been required for downsizing and exit since the 1990s. Exploiting corporate financial and segment datasets, it shows empirical evidence of misallocation of internal funds to "zombie" segments-intra-firm businesses suffering losses consecutively. The topics addressed in the book include the failure of Japanese corporate internal control systems, the lack of capital market pressure, employment protection, and misallocation of internal funds to businesses with few prospects. The last two decades indicate that the Japanese corporate governance systems have failed to resolve problems of excess capacity, as did US systems in the 1980s. Zombie lending is no more than one phase of the difficulty of downsizing and exit in response to excess capacity in the banking sector. Supported by both data analyses and rich anecdotal evidence, this book is highly recommended to readers who seek a convincing and comprehensive explanation of Japan's two lost decades from the points of view of difficulty in downsizing and exit. The authors' analyses have implications not only for accelerating downsizing and exit in corporate Japan, but also for the world economy.

Excess Capacity and Difficulty of Exit

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Author :
Publisher : Springer Nature
ISBN 13 : 9811649006
Total Pages : 112 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Excess Capacity and Difficulty of Exit by : Sumio Saruyama

Download or read book Excess Capacity and Difficulty of Exit written by Sumio Saruyama and published by Springer Nature. This book was released on 2021-09-16 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides cases and analyses of causes and consequences of difficulty in downsizing and exiting in the electronics industry during the “two lost decades” in Japan. Because of excess capacity in the industry, many electronics companies have been required for downsizing and exit since the 1990s. Exploiting corporate financial and segment datasets, it shows empirical evidence of misallocation of internal funds to “zombie” segments—intra-firm businesses suffering losses consecutively. The topics addressed in the book include the failure of Japanese corporate internal control systems, the lack of capital market pressure, employment protection, and misallocation of internal funds to businesses with few prospects. The last two decades indicate that the Japanese corporate governance systems have failed to resolve problems of excess capacity, as did US systems in the 1980s. Zombie lending is no more than one phase of the difficulty of downsizing and exit in response to excess capacity in the banking sector. Supported by both data analyses and rich anecdotal evidence, this book is highly recommended to readers who seek a convincing and comprehensive explanation of Japan's two lost decades from the points of view of difficulty in downsizing and exit. The authors’ analyses have implications not only for accelerating downsizing and exit in corporate Japan, but also for the world economy.

The Investment Climate and the Firm

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Investment Climate and the Firm by : Mary Hallward-Driemeier

Download or read book The Investment Climate and the Firm written by Mary Hallward-Driemeier and published by World Bank Publications. This book was released on 2003 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of a country's "investment climate" for economic growth has recently received much attention. Hallward-Driemeier, Wallsten, and Xu address the general lack of appropriate data for measuring the investment climate and its effects. The authors use a new survey of 1,500 Chinese enterprises in five cities to more precisely define and measure components of the investment climate, highlight the importance of firm-level data for rigorous analysis of the investment climate, and investigate empirically the effects of this comprehensive set of measures on firm performance in China. Overall, their firm-level analysis reveals that the main determinants of firm performance in China are international integration, entry and exit, labor market issues, technology use, and access to external finance. This paper--a product of Investment Climate, Development Research Group--is part of a larger effort in the group to understand the investment climate using firm-level datasets.

Contemporary Strategy Analysis

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Publisher : John Wiley & Sons
ISBN 13 : 1119815231
Total Pages : 546 pages
Book Rating : 4.1/5 (198 download)

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Book Synopsis Contemporary Strategy Analysis by : Robert M. Grant

Download or read book Contemporary Strategy Analysis written by Robert M. Grant and published by John Wiley & Sons. This book was released on 2021-11-22 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: The updated new edition of the market-leading strategic analysis textbook, addressing the emerging challenges that businesses face in an increasingly complex and dynamic environment In Contemporary Strategy Analysis, expert strategist and lecturer Robert M. Grant equips management students and working professionals with the concepts, frameworks, and techniques needed to make better strategic decisions. Designed to be accessible to readers from different backgrounds and with varying levels of experience, this classic textbook combines a rigorous approach to business strategy with real-world examples of current practice and highly relevant case studies personally written by the author. Contemporary Strategy Analysis focuses on the essential tasks of strategy, showing readers how to use the tools of strategy analysis to identify, analyze, and exploit the sources of superior business performance to secure competitive advantage. The eleventh edition examines the role of strategy in a world reshaped by the Covid-19 pandemic and discusses a wide range of trending topics — such as the corporate social responsibility movement and environmental, social, and governance innovation — presented alongside fully integrated business models and up-to-date examples of business model innovation. Perfect for undergraduate and MBA students of business, Contemporary Strategy Analysis has also proven influential with consultants, executives, and others engaged in the strategic direction of a modern enterprise.

Understanding Strategic Management

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Publisher : Oxford University Press, USA
ISBN 13 : 0199288305
Total Pages : 469 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Understanding Strategic Management by : Anthony Henry

Download or read book Understanding Strategic Management written by Anthony Henry and published by Oxford University Press, USA. This book was released on 2008 with total page 469 pages. Available in PDF, EPUB and Kindle. Book excerpt: This succinct textbook takes students through the key stages of strategic management: analysis, formulation, and implementation, with an emphasis on providing students with the essential tools of analysis.

A Theory of the Firm

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Publisher : Harvard University Press
ISBN 13 : 9780674012295
Total Pages : 342 pages
Book Rating : 4.0/5 (122 download)

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Book Synopsis A Theory of the Firm by : Michael C. Jensen

Download or read book A Theory of the Firm written by Michael C. Jensen and published by Harvard University Press. This book was released on 2003-09-30 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection examines the forces, both external and internal, that lead corporations to behave efficiently and to create wealth. Corporations vest control rights in shareholders, the author argues, because they are the constituency that bear business risk and therefore have the appropriate incentives to maximize corporate value. Assigning control to any other group would be tantamount to allowing that group to play poker with someone else's money, and would create inefficiencies. The implicit denial of this proposition is the fallacy of the so-called stakeholder theory of the corporation, which argues that corporations should be run in the interests of all stakeholders. This theory offers no account of how conflicts between different stakeholders are to be resolved, and gives managers no principle on which to base decisions, except to follow their own preferences. In practice, shareholders delegate their control rights to a board of directors, who hire, fire, and set the compensation of the chief officers of the firm. However, because agents have different incentives than the principals they represent, they can destroy corporate value unless closely monitored. This happened in the 1960s and led to hostile takeovers in the market for corporate control in the 1970s and 1980s. The author argues that the takeover movement generated increases in corporate efficiency that exceeded $1.5 trillion and helped to lay the foundation for the great economic boom of the 1990s.

Strategic Thinking

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Publisher : Routledge
ISBN 13 : 1136663320
Total Pages : 340 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis Strategic Thinking by : Irene M. Duhaime

Download or read book Strategic Thinking written by Irene M. Duhaime and published by Routledge. This book was released on 2012-03-22 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are many strategy books available in the marketplace for today’s student or business professional; most of them view strategy from the 10,000 foot level, while Strategic Thinking looks at this important business topic through a different lens. Written from the perspective of a manager, this book builds on theories of managerial and organizational cognition that have had a powerful influence on many business fields over the last two decades. As other books on business policy and strategy cover a broad range of topics, models, frameworks, and theories, the unique feature of this book is that it covers all this, but also focuses on how managers of business firms understand their business environments, assess and marshal their firms’ resources, and strive for advantage in the competitive marketplace. It examines the economic, structural, and managerial explanations for firm performance. Offering professors and business people who are intrigued by the ideas introduced in Peter Senge’s books ways to apply those ideas and principles in the classroom and in the companies in which they work, the book puts managers front and center.

The Euro

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Publisher : Routledge
ISBN 13 : 1134604629
Total Pages : 454 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis The Euro by : Michael Artis

Download or read book The Euro written by Michael Artis and published by Routledge. This book was released on 2012-10-12 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book leading financial professionals and academics examine the prospects for the European single currency. The impact of the Euro is assessed in terms of risks and opportunities for financial intermediaries, challenges for monetary and supervisory authorities and issues for portfolio management and corporate finance.

Productivity, Ownership and the Investment Climate

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4./5 ( download)

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Book Synopsis Productivity, Ownership and the Investment Climate by : Itzhak Goldberg

Download or read book Productivity, Ownership and the Investment Climate written by Itzhak Goldberg and published by World Bank Publications. This book was released on with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Contemporary Strategy Analysis and Cases

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Publisher : John Wiley & Sons
ISBN 13 : 0470747099
Total Pages : 273 pages
Book Rating : 4.4/5 (77 download)

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Book Synopsis Contemporary Strategy Analysis and Cases by : Robert M. Grant

Download or read book Contemporary Strategy Analysis and Cases written by Robert M. Grant and published by John Wiley & Sons. This book was released on 2010-04-05 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW! Combined Text & Cases Version Considered by many to be the best textbook on Strategy, Contemporary Strategy Analysis 7th edition builds on the strengths of previous editions by introducing students to the core concepts and principles of strategy. In this most accessible strategy text, Robert M. Grant combines clarity of exposition with concentration on the fundamentals of value creation and an emphasis on practicality. In this seventh edition, a greater focus on strategy implementation reflects the needs of firms to reconcile scale economies with entrepreneurial flexibility, innovation with cost efficiency, and globalization with local responsiveness. Rob Grant eloquently combines theory with current real world examples and practice using a clearly written, logical and comprehensive style. Contemporary Strategy Analysis 7th edition is suitable for both MBA and advanced undergraduate students. Full teachings notes to the cases will be available upon publication at the companion website www.contemporarystrategyanalysis.com Contemporary Strategy Analysis 7th Edition is also available in a text only version – ISBN: 9780470747100

Mergers, Acquisitions, and Other Restructuring Activities

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Publisher : Elsevier
ISBN 13 : 012374878X
Total Pages : 788 pages
Book Rating : 4.1/5 (237 download)

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Book Synopsis Mergers, Acquisitions, and Other Restructuring Activities by : Donald DePamphilis

Download or read book Mergers, Acquisitions, and Other Restructuring Activities written by Donald DePamphilis and published by Elsevier. This book was released on 2009-08-26 with total page 788 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explaining the real-world of mergers, acquisitions, and restructuring based on his own academic knowledge and experience, Donald DePamphilis shows how deals are done, rather than just explaining the theory behind them.

Contemporary Strategy Analysis Text Only

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Publisher : John Wiley & Sons
ISBN 13 : 1119120837
Total Pages : 480 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis Contemporary Strategy Analysis Text Only by : Robert M. Grant

Download or read book Contemporary Strategy Analysis Text Only written by Robert M. Grant and published by John Wiley & Sons. This book was released on 2016-01-05 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert M. Grant combines a highly accessible writing style with a concentration on the fundamentals of value creation and an emphasis on practicality in this leading strategy text. In this new edition several topics have increased emphasis including: platform-based competition and 'ecosystems' of related industries; the role of strategy making processes/practices; mergers, acquisitions and alliances; and additional emphasis on strategy implementation.

Economics of Strategy

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Publisher : John Wiley & Sons
ISBN 13 : 0470373601
Total Pages : 595 pages
Book Rating : 4.4/5 (73 download)

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Book Synopsis Economics of Strategy by : David Besanko

Download or read book Economics of Strategy written by David Besanko and published by John Wiley & Sons. This book was released on 2009-09-22 with total page 595 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's global recession, strong management of firms and organizations are of the utmost importance. Best-selling Economics of Strategy focuses on the key economic concepts students must master in order to develop a sound business strategy. Bringing economic theory and strategic analysis to life in an engaging and uniquely modern way, Besanko et al. have collaborated for over 15 years to build an introductory business course that combines basic concepts from economic theory of the firm and industrial organization with ideas from modern strategy literature. The newly revised 5th edition offers more real-world applications to make materials studied in undergraduate Managerial Economics, Business Strategy, and Industrial Organization courses relevant. Armed with general principles, today's students—tomorrow's future managers—will be prepared to adjust their firms' business strategies to the demands of the ever-changing environment.

Center for Economic Studies Discussion Paper

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Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Center for Economic Studies Discussion Paper by :

Download or read book Center for Economic Studies Discussion Paper written by and published by . This book was released on 1988 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Managing Maturing Businesses

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Publisher : Simon and Schuster
ISBN 13 : 0669170828
Total Pages : 200 pages
Book Rating : 4.6/5 (691 download)

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Book Synopsis Managing Maturing Businesses by : Kathryn Rudie Harrigan

Download or read book Managing Maturing Businesses written by Kathryn Rudie Harrigan and published by Simon and Schuster. This book was released on 1988 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: While fully two-thirds of all businesses in the United States, Western Europe, and Japan are experiencing stagnant or slowing demand, most companies in these categories are either unaware of their true situation or do not dare to confront it. Blind to alternatives beyond complete divestiture or milk

Economics

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Publisher : Pearson Higher Education AU
ISBN 13 : 1442550910
Total Pages : 726 pages
Book Rating : 4.4/5 (425 download)

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Book Synopsis Economics by : Douglas McTaggart

Download or read book Economics written by Douglas McTaggart and published by Pearson Higher Education AU. This book was released on 2015-05-20 with total page 726 pages. Available in PDF, EPUB and Kindle. Book excerpt: High quality, engaging content for students...ultimate flexibility for educators The seventh edition of this benchmark Australian text continues to offer students a comprehensive and relevant introduction to economics whilst offering educators the ability to customise and deliver content – your way. Economics 7th edition provides a streamlined approach to study and recognises the difficulties some students may face in comprehending key concepts. By leaving the more technical content and application until later, students can enjoy the more exciting policy material from the beginning and engage with the content early. Through compelling examples, clear explanations and the latest instructive on-line resources, the text draws students into the content and reinforces learning through practice and solving problems which are relevant to them. The authors train students to think about issues in the way real economists do, and learn how to explore difficult policy problems and make more informed decisions by offering a clear introduction to theory and applying the concepts to today’s events, news, and research.

Corporate Governance and Corporate Finance

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Publisher : Routledge
ISBN 13 : 1134136056
Total Pages : 780 pages
Book Rating : 4.1/5 (341 download)

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Book Synopsis Corporate Governance and Corporate Finance by : Ruud A.I. van Frederikslust

Download or read book Corporate Governance and Corporate Finance written by Ruud A.I. van Frederikslust and published by Routledge. This book was released on 2007-12-18 with total page 780 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pt. 1. Alternative perspectives on corporate governance systems -- pt. 2. Equity ownership structure and control -- pt. 3. Corporate governance, underperformance and management turnover -- pt. 4. Directors' remuneration -- pt. 5. Governance, performance and financial strategy -- pt. 6. On takeover as disciplinary mechanism.