The structure of the Japanese stock market

被引：0
|
作者：
Yonezawa Y. [1 ,3 ]
Miyake K. [2 ]
机构：
[1] Yokohama National University, Yokohama
[2] Faculty of Business Administration, Yokohama National University, Hodogaya-ku, Yokohama 240
来源：
Asia-Pacific Financial Markets | 1998年 / 5卷 / 1期
关键词：
Bubble; Corporate governance; Japanese stock market; Stock cross-shareholdings;
D O I：
10.1023/A:1009619022370
中图分类号：
学科分类号：
摘要：
The Japanese stock market is characterized by two prominent features. First, stock prices have been extremely volatile over the past ten years. Second, the market is dominated by cross-shareholdings and stagnant individual stock ownership. So, there are two purposes on this paper. The first is to assess the effects of stock cross-holdings on the stock market. The second is to look at recent stock price fluctuations, in the bubble period before 1990 and during the subsequent collapse. It will be recognized that these two features are interrelated. © 1998 Kluwer Academic Publishers.
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页码：1 / 28
页数：27
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