We examine the effects of majority buyout investments on employment numbers in unlisted firms or businesses taken private in Japan between 1998 and 2015. In our sample (n=184), regular employment grows at an uncorrected average of 12.3% during a mean holding period of 4.3 years, and an annual...

Tracking the effect of private equity ownership on employment in Japan, we find evidence that employment grows significantly under private equity ownership, a finding that runs against common expectations and stands in stark contrast with results from studies on Anglo-Saxon economies. We further...

In a recent contribution (2017) Professor Gordon takes a very critical stance on our earlier article titled “Decades not lost, but won” (Blind and Lottanti von Mandach 2015), which he sees as ‘revisionist’ and as applying ‘too low a standard’. Professor Gordon provides a selection of...

Tracking the effect of private equity ownership on employment in Japan, we find evidence that employment grows significantly under private equity ownership, a finding that runs against common expectations and stands in stark contrast with results from studies on Anglo-Saxon economies. We further...

In Blind and Lottanti von Mandach (2015) we present evidence that wage gaps between men and women, as well as between regular non-regular employees have seen an evolution toward more equity between 1988 and 2010. A recent article, “New and Enduring Dual Structures of Employment in Japan: The...

Vikas Mehrotra, Randall Morck, Jungwook Shim and Yupana Wiwattanakantang (2013; hereafter MMSW) observe that listed family firms on average outperform non-family firms in Japan between 1962- 2000. They suggest that this finding can be explained by the practice of adult adoptions and, to a lesser...

This paper investigates the determinants of entrepreneurial spirit as measured by parental preference of self-employment for male heirs in Japan since 1992 through a statistical analysis. In addition to the relevance of our findings for entrepreneurship research, this empirical study serves as a...

We take a fresh analytical look at the developments in the Japanese labour market over the last two decades and provide answers to three key questions: first, was regular employment replaced by non-regular employment on an aggregate level in general and at the expense of younger generations in...

Rules as devices for the analysis of economic behaviour have earned increasing recognition since Elinor Ostrom’s work was awarded the Nobel Memorial Prize in Economics in 2009. This contribution illustrates the use of such analytical device in three foundational pioneering areas of...

Stereotypes pose a major challenge to agents entering a foreign market. In order to overcome these stereotypes, visitor agents may decide to emulate domestic behavior. We develop a simple model of reputation building in transactions where identities are revealed and show that this tendency may...