They also need to take the lead in pursuing change and to reform their business structure without delay, and thereby realize growth. To this end, it is important to carry out deregulation aimed at facilitating free business activities and to create a market in which firms can obtain ample investment funds that enable them to implement their growth strategies and thereby achieve sustainable growth.
In what follows, I talk about the roles both direct and indirect financing are expected to play in terms of firms' fund raising. D. Expected Roles for Direct Financing First, let me talk about direct financing, in which firms issue stocks to raise funds directly.