From the perspective of the classification of accounting systems,German and Japanese companies tend to be ________.

Question

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German and Japanese companies tend to be classified as weak equity market countries due to their emphasis on maintaining long-term relationships with stakeholders, such as suppliers and employees, rather than focusing solely on shareholder wealth maximization. This often results in a lower reliance on stock markets for financing and a greater use of bank loans or retained earnings.

From the Perspective of the Classification of Accounting Systems,German and Japanese