Profit Sharing, Labour Share and Financial Structure
Profit Sharing, Labour Share and Financial Structure
复制标题
利润分享、劳动份额和财务结构
DOI:
10.1007/s40844-017-0090-5
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发表时间:
2018
期刊:
影响因子:
--
通讯作者:
H.Takami
中科院分区:
文献类型:
--
作者:
Ninomiya K.;H.Takami
In this paper, we study the effects of the Profit-Sharing rule on an oligopolistic economy. Many believed that the Japanese economy was strong because Japan adopted the Profit-Sharing rule (or the Japanese management system) in the 1980s. However, Japan was trapped in a prolonged recession after the collapse of the bubble economy in the 1990s. The Japanese management system and its regulated financial system have come under criticism as factors of the crisis. We derive a condition that a firm and its union adopt the Profit-Sharing rule voluntarily and construct a macrodynamic model of financial instability. We demonstrate in this study that the Profit-Sharing rule in Japan further stabilises the economy when the financial structure of the economy is already stable.