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The Economics of Interfirm Networks (Paperback, Softcover reprint of the original 1st ed. 2015)
Loot Price: R2,376
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The Economics of Interfirm Networks (Paperback, Softcover reprint of the original 1st ed. 2015)
Series: Advances in Japanese Business and Economics, 4
Expected to ship within 10 - 15 working days
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This book is one of the first comprehensive works to fill the
knowledge gap resulting from the limited number of empirical
studies on interfirm networks. The in-depth empirical research
presented here is based on a massive transaction relationship
database of approximately 400,000 Japanese firms. This volume,
unlike others, focuses on the role of interfirm networks in three
different fields: (1) macroeconomic activities, (2) economic
geography and firm dynamics, and (3) firm–bank relationships. The
database for this work is constructed in collaboration with Japan's
largest credit research company, Teikoku Data Bank, and covers a
substantial portion of Japanese firms with information on firms'
transaction partners, shareholders, financial institutions, and
other attributes, including their locations and performance.
Networks prevail in many aspects of economic activities and play a
major role in explaining a wide variety of economic phenomena from
business cycles to knowledge spillovers, which has motivated
economists to produce a number of excellent works. Â In the
policy arena, there has been a growing concern on the
vulnerabilities of networks based on the casual observation that
idiosyncratic shocks on firms can be amplified through inter-firm
connections and leads to a systemic crisis. Typical examples are
the manufacturing supply-chain networks in the automobile and
electronics industries which propagated regionally concentrated
shocks (the Great East Japan Earthquake and floods in Thailand in
2011) into global ones. An abundance of theoretical literature on
the formation and functions of networks is available already. This
book breaks new ground, however, and provides an excellent
opportunity for the reader to gain a more integrated understanding
of the role of networks in the economy. The Economics of Interfirm
Networks will be of special interest to economists and
practitioners seeking empirical and quantitative knowledge on
interfirm and firm–bank networks.
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