Governance and Competitive Advantage
Lewis D. Johnson
(School of Business, Queen's University, Kingson, Ontario, Canada K7L 3N6)
Edwin H. Neave
(School of Business, Queen's University, Kingson, Ontario, Canada K7L 3N6)
212
Abstract
This paper uses a transactions economics theory of financial governance to reconcile and integrate the evidence on inter‐ and intra‐country differences in corporate finance and corporate governance. We argue that one reason for the competitive advantage demonstrated by Japan in recent years is Japan's greater use of high capability financial governance and its consequent reduction of risks that would otherwise be borne.
Citation
Johnson, L.D. and Neave, E.H. (1994), "Governance and Competitive Advantage", Managerial Finance, Vol. 20 No. 8, pp. 54-68. https://doi.org/10.1108/eb018486
Publisher
:MCB UP Ltd
Copyright © 1994, MCB UP Limited