The effect of group affiliation on the risk-taking of Japanese firms

This article examines the role of keiretsu (i.e. business group) affiliation on the risk-taking of Japanese firms. We find that total risk, measured by firm-level stock price volatility, is not significantly affected by keiretsu membership. The reason is that affiliated firms are characterized by lo...

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Veröffentlicht in:	Applied financial economics
1. Verfasser:	Nguyen, Pascal (VerfasserIn)
Weitere Verfasser:	Nivoix, Sophie (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	2009
Schlagworte:	Konglomerat > Risikomanagement > Japan > Aufsatz in Zeitschrift
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