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A guide to understanding Japanese corporate finance
Author(s) -
Bush Sharon L.
Publication year - 1991
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970030106
Subject(s) - leverage (statistics) , earnings , corporate finance , accounting , market liquidity , business , sociocultural evolution , interpretation (philosophy) , capital structure , finance , economics , political science , machine learning , computer science , law , programming language , debt
This article examines some of the sociocultural differences between the United States and Japan and how they are reflected in business practices, specifically financial reporting and the interpretation of financial data. The analysis of Japanese corporate finance focuses on key earnings, liquidity, and leverage ratios to show how U.S. and Japanese interpretations of this data differ and how Japanese managers incorporate this information in their decision making.