Inefficiency of Corporate Investment and Distortion of Savings Behavior in Japan
    Published Date 
  
  
    Copyright 2003
  
  
    ISBN 0226060217
  
 
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      Copy CitationAlbert Ando, Dimitrios Christelis, and Tsutomu Miyagawa, Structural Impediments to Growth in Japan (University of Chicago Press, 2003), chap. 5, https://www.nber.org/books-and-chapters/structural-impediments-growth-japan/inefficiency-corporate-investment-and-distortion-savings-behavior-japan.
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      The value of corporate equity in Japan is dramatically smaller than that implied by the sum of the reproduction cost...
   
 
     
    