| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13399 |
| 来源ID | Working Paper 13399 |
| Consolidation of Banks in Japan: Causes and Consequences | |
| Kaoru Hosono; Koji Sakai; Kotaro Tsuru | |
| 发表日期 | 2007-09-12 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset. Our analysis suggests that the government's too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though its attempt does not seem to have been successful. The efficiency-improving motive also seems to have driven the M&As conducted by major banks and regional banks in the post-crisis period, while the market-power motive seems to have driven the M&As conducted by regional banks and corporative (shinkin) banks. We obtain no evidence that supports managerial motives for empire building. |
| 主题 | Financial Economics ; Financial Institutions ; Corporate Finance |
| URL | https://www.nber.org/papers/w13399 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571071 |
| 推荐引用方式 GB/T 7714 | Kaoru Hosono,Koji Sakai,Kotaro Tsuru. Consolidation of Banks in Japan: Causes and Consequences. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13399.pdf（472KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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