BambuBlack founder Andrews: Japan and South Korea have shifted away from 'lazy balance sheets'
Progress due to corporate governance improvements
Jane Andrews of BambuBlack
Japanese and South Korean firms have traditionally traded at a "cheaper multiple" than other nations due to corporate governance issues and "lazy balance sheets", according to BambuBlack founder and CIO Jane Andrews, who said the companies have made moves to resolve these issues in recent years.
"Japanese companies tend to have very large cash positions and as an investor, you are going to ask 'what are you going to do with this cash?' "The usual answer was 'it is for potential [mergers and...
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