TY - BOOK ID - 1634273 TI - The fable of the keiretsu : urban legends of the Japanese economy AU - Miwa, Yoshirō AU - Ramseyer, J. Mark PY - 2006 SN - 0226532704 9786612537417 0226532720 1282537415 9780226532721 9780226532707 9781282537415 6612537418 PB - Chicago : University of Chicago Press, DB - UniCat KW - Economic order KW - Japan KW - J4411 KW - Japan: Economy and industry -- industrial organization and relations -- conglomerates, zaibatsu, keiretsu KW - Conglomerate corporations - Japan. KW - Conglomerate corporations -- Japan. KW - Corporations - Finance. KW - Corporations -- Finance. KW - Japan -- Economic conditions -- 1989-. KW - Japan - Economic conditions - 1989-. KW - Japan -- Economic policy -- 1989-. KW - Japan - Economic policy - 1989-. KW - Industrial Management KW - Management KW - Business & Economics KW - Economic policy KW - Economic conditions KW - Conglomerate corporations KW - Corporations KW - Finance. KW - Business finance KW - Capitalization (Finance) KW - Corporate finance KW - Corporate financial management KW - Corporation finance KW - Financial analysis of corporations KW - Financial management, Corporate KW - Financial management of corporations KW - Financial planning of corporations KW - Managerial finance KW - Going public (Securities) KW - Finance KW - E-books KW - keiretsu, business, japan, economy, alliance, corporation, preference, trading, shareholding, lending, marxism, conglomerate, main bank, management, growth, economics, zaibatsu, outside directors, government, regulation, assistance, loyalty, honor, market, central planning, myth, urban legend, profit, industrial policy, networks. UR - https://www.unicat.be/uniCat?func=search&query=sysid:1634273 AB - For Western economists and journalists, the most distinctive facet of the post-war Japanese business world has been the keiretsu, or the insular business alliances among powerful corporations. Within keiretsu groups, argue these observers, firms preferentially trade, lend money, take and receive technical and financial assistance, and cement their ties through cross-shareholding agreements. In The Fable of the Keiretsu, Yoshiro Miwa and J. Mark Ramseyer demonstrate that all this talk is really just urban legend. In their insightful analysis, the authors show that the very idea of the keiretsu was created and propagated by Marxist scholars in post-war Japan. Western scholars merely repatriated the legend to show the culturally contingent nature of modern economic analysis. Laying waste to the notion of keiretsu, the authors debunk several related "facts" as well: that Japanese firms maintain special arrangements with a "main bank," that firms are systematically poorly managed, and that the Japanese government guided post-war growth. In demolishing these long-held assumptions, they offer one of the few reliable chronicles of the realities of Japanese business. ER -