001439729 000__ 04024cam\a2200601\i\4500 001439729 001__ 1439729 001439729 003__ OCoLC 001439729 005__ 20230309004517.0 001439729 006__ m\\\\\o\\d\\\\\\\\ 001439729 007__ cr\un\nnnunnun 001439729 008__ 210918s2021\\\\si\a\\\\ob\\\\000\0\eng\d 001439729 019__ $$a1284936645 001439729 020__ $$a9789811649004$$q(electronic bk.) 001439729 020__ $$a9811649006$$q(electronic bk.) 001439729 020__ $$z9789811648991 001439729 020__ $$z9811648999 001439729 0247_ $$a10.1007/978-981-16-4900-4$$2doi 001439729 035__ $$aSP(OCoLC)1268360582 001439729 040__ $$aYDX$$beng$$erda$$epn$$cYDX$$dGW5XE$$dOCLCO$$dEBLCP$$dOCLCF$$dOCLCQ$$dCOM$$dOCLCO$$dN$T$$dOCLCQ 001439729 043__ $$aa-ja--- 001439729 049__ $$aISEA 001439729 050_4 $$aHD9696.A3$$bJ3 2021 001439729 08204 $$a338.7/621380952$$223 001439729 1001_ $$aSaruyama, Sumio,$$eauthor. 001439729 24510 $$aExcess capacity and difficulty of exit :$$bevidence from Japan's electronics industry /$$cSumio Saruyama, Peng Xu. 001439729 264_1 $$aSingapore :$$bSpringer,$$c[2021] 001439729 264_4 $$c©2021 001439729 300__ $$a1 online resource :$$billustrations (chiefly color) 001439729 336__ $$atext$$btxt$$2rdacontent 001439729 337__ $$acomputer$$bc$$2rdamedia 001439729 338__ $$aonline resource$$bcr$$2rdacarrier 001439729 4901_ $$aSpringerBriefs in economics. Development Bank of Japan research series,$$x2367-0975 001439729 504__ $$aIncludes bibliographical references. 001439729 5050_ $$aIntroduction -- Zombie Businesses in Electronics Industry: Case Studies -- Misallocation of Internal Fund to Loss-Making Zombie Businesses in Electronics Industry -- Slow Downsizing after Mergers of Individual Loss-Making Parts and Components Divisions -- Final Remarks. 001439729 506__ $$aAccess limited to authorized users. 001439729 520__ $$aThis book provides cases and analyses of causes and consequences of difficulty in downsizing and exiting in the electronics industry during the "two lost decades" in Japan. Because of excess capacity in the industry, many electronics companies have been required for downsizing and exit since the 1990s. Exploiting corporate financial and segment datasets, it shows empirical evidence of misallocation of internal funds to "zombie" segmentsintra-firm businesses suffering losses consecutively. The topics addressed in the book include the failure of Japanese corporate internal control systems, the lack of capital market pressure, employment protection, and misallocation of internal funds to businesses with few prospects. The last two decades indicate that the Japanese corporate governance systems have failed to resolve problems of excess capacity, as did US systems in the 1980s. Zombie lending is no more than one phase of the difficulty of downsizing and exit in response to excess capacity in the banking sector. Supported by both data analyses and rich anecdotal evidence, this book is highly recommended to readers who seek a convincing and comprehensive explanation of Japan's two lost decades from the points of view of difficulty in downsizing and exit. The authors analyses have implications not only for accelerating downsizing and exit in corporate Japan, but also for the world economy 001439729 588__ $$aOnline resource; title from PDF title page (SpringerLink, viewed September 22, 2021). 001439729 650_0 $$aDownsizing of organizations$$zJapan. 001439729 650_0 $$aElectronic industries$$zJapan. 001439729 650_6 $$aPersonnel$$xRéduction$$zJapon. 001439729 650_6 $$aIndustries électroniques$$zJapon. 001439729 651_0 $$aJapan$$xEconomic conditions$$y1989- 001439729 651_6 $$aJapon$$xConditions économiques$$y1989- 001439729 655_0 $$aElectronic books. 001439729 7001_ $$aXu, Peng,$$eauthor. 001439729 77608 $$iPrint version:$$aSaruyama, Sumio.$$tExcess capacity and difficulty of exit.$$dSingapore : Springer, [2021]$$z9811648999$$z9789811648991$$w(OCoLC)1258782863 001439729 830_0 $$aSpringerBriefs in economics.$$pDevelopment Bank of Japan research series.$$x2367-0975 001439729 852__ $$bebk 001439729 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-981-16-4900-4$$zOnline Access$$91397441.1 001439729 909CO $$ooai:library.usi.edu:1439729$$pGLOBAL_SET 001439729 980__ $$aBIB 001439729 980__ $$aEBOOK 001439729 982__ $$aEbook 001439729 983__ $$aOnline 001439729 994__ $$a92$$bISE