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Discussion of international finance system. Lecture 17. Break-up of the control-oriented industrial finance system? A comparative analysis of Japan and Sweden HANS SJÖGREN* and MIKI KISHIDA** *Linköping University and EHFF, Stockholm School of Economics **Senshu University.
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Discussionof international finance system Lecture 17
Break-up of the control-oriented industrial finance system? A comparative analysis of Japan and Sweden HANS SJÖGREN* and MIKI KISHIDA** *Linköping University and EHFF, Stockholm School of Economics **Senshu University
Conclusion • Japanese and Swedish financial system has become less control-oriented. • Still, not market-oriented: more significant core holding, long-term active ownership and formal personal network.
Moreconclusion • Japanese and Swedish financial groups have different conditions and different adaptation: Japanese more open, diversified, trading house. Swedish niche. • Ownership in both countries and in all financial groups are based on fewer votes than before. • Results of these changes: the influence on mature multinationals firms are weaker today.