FOREIGN INVESTMENT INFLUENCE ON OWNERSHIP AND CONTROL IN JAPANESE FIRMS

Corporate equity structure, whether is in a market-based system like US or a bank-based system like Japan is prone to changes due to foreign investment. Protection from outside investors varies greatly around these systems. Where protection is good, market-based systems flourish. These systems have certain advantages as they appear to foster innovation and to encourage the release of capital from declining industries. Bank-based systems may be better suited to established industries. These systems also help protect individuals from direct exposure to stock market risk. But, no matter the system, agency problems are inevitable. The paper looks at the past changes of the Japanese corporate ownership composition under the influence of foreign investment.Economic Systems, Capital and Ownership Structure, Corporate Governance

Changes in Japanese corporate governance

Corporate governance systems vary around the world. These differences result from different legal systems, systems of corporate finance and corporate ownership as well as divergent norms around the firm’s responsibilities to its various stakeholders. These different systems of corporate governance came into direct contact in Japan. The paper makes an analysis of the past changes of Japanese corporate governance due to the modifications in the ownership of the companies.Japanese corporate governance, foreign investments, corporate governance practices

THE FINANCIAL CRISIS AND THE IMPACT OVER THE SECTORS OF ECONOMY

The financial crisis is perceived as a tsunami wave started in july in the United States and which is presented on all countries in Europe and around the world. Mortgage crisis has affected indirectly the Romanian economy. The main factor which affected tfinancial crisis, economy, interest rate

Banking scientific research in Romania - between necessity and reality

The scientific research is very careful supervised to national level, institutional and individual, products and services, a mean of preparing human resources highly qualified and as a source of prestige for countries, institutions and persons. Banks and generally the whole banking system must be in a permanent relation with the world system of knowledge, and not only in the sense of taking over, but also to assure a permanent increase of it. The contribution of banks to the growth system of knowledge is achieved mainly through the scientific research. At least a part of the human capital which works in a bank can and must participate to discover new knowledge in the banking area, being based quantitative and qualitative collected information from the respective bank. The aim of research activity in the banking area is contributing through its results to the growth of the belief in the banking system in ensemble, and particularly at the respective bank. The aim of research activity in the banking area is contributing through its results to the growth of the belief in the banking system in ensemble, and particularly at the respective bank.banking scientific research, educational reform, bank management, research department

IMPACT OF FINANCIAL CRISIS OVER THE COMPANIES OF BET INDEX COMPOSITION

Mortgage crisis has affected indirectly three risk levels of the Romanian economy: the currency, external financing and the stock exchange. Foreign exchange market in Romania is of little depth, open to the speculation stormings. Romanian stock indices fefinancial crisis, stock exchange, BET index

Banking crisis. Case of U.S. banks versus UK banks

A variety of factors led or contributed to the current financial crisis, including loose monetary policy; excessive financial market liquidity, leverage and maturity mismatch; weak risk management and underwriting standards; and poor incentives and regulatory gaps in some important segments of the financial system. These weaknesses were amplified by certain pro-cyclical dynamics in regulatory, accounting and risk management frameworks. The banking sector was at the centre of the crisis as the market stress led to an acute re-concentration of on- and off-balance sheet risks in banks, putting pressure on capital buffers, liquidity and credit availability. The weaknesses in the banking sector amplified the transmission of shocks from the financial sector to the real economy. In this paper we want to study the impact of financial crisis on a sample of banks (five banks from USA - JPMorgan Chase & Co, Citigroup, Wells Fargo & Company, US Bancorp, Bank of America Corporation - and five from UK - HSBC Holdings, Royal Bank of Scotland, Barclays, Standard Chartered, Lloyds Banking).banking crisis, interest rate of monetary policy, loan loss provision

PRIVATE EQUITY - CHALLENGE OR A CHANCE?

The purpose of this study is to present the advantages and the opportunities of the private equity funds impact on the Romanian economy, and also identifies the economic disadvantages that can derive from applied strategies. For this reason we can consider private equity as a challenge and a chance at the same time, because beginning with choosing the investment domain, sector, company and the investment strategies the private equity funds can drive to performance for the investee companies, and implicit can have an important impact on the business environment and not in the least to the entire economy.private equity, involvement, economic and social implications, investment cycle, divestment