摘要
近期日本相互持股在总体上表现出解体趋势,同时在结构上又表现出不同的演变特征。主要原因在于,日本整体经济状况发生变化后,相互持股的负担和风险性增大,对主银行的依赖降低,保持与客户长期交易关系以及进行商业关系的战略重组等。相互持股的近期演变在融资体制、股票市场、治理机制、内部劳动力市场等方面对日本的经济体制产生了重大影响。对于日本相互持股近期演变进行深入研究,对于中国企业改革道路的选择具有重要意义。
Cross shareholdings in Japan have recently manifested a general tendency of dissolution while showing different evolving characteristics in structure. The major causes of such have been found to be that, after the changes of the overall economic situation of Japan, the financial burdens and risks of cross shareholding have both increased, the dependence on the main banks has decreased, and the business relationships are being restructured. The recent evolution of cross shareholdings in Japan deeply affects the country＇s general economic system in such fields as financing system, the stock market, the corporate governance, and its domestic labor market. It is of great importance for the choice of the direction of China＇s enterprises reform to analyze the recent development of cross shareholdings in Japan.
出处
《现代日本经济》
CSSCI
2005年第5期12-17,共6页
Contemporary Economy OF Japan
关键词
相互持股
解体
主银行
治理机制
cross shareholding
disintegration
main banks
governance system
