| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23715 |
| 来源ID | Working Paper 23715 |
| The Decline in Bank-Led Corporate Restructuring in Japan: 1981-2010 | |
| Takeo Hoshi; Satoshi Koibuchi; Ulrike Schaede | |
| 发表日期 | 2017-08-21 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Using a unique dataset on all major corporate restructuring events in Japan between 1981 and 2010, we examine how bank-led rescue operations in Japan have changed over time. The incidence of restructuring by distressed firms has become less frequent after the 1990s. When firms undergo restructuring, they adopt real adjustments in terms of labor, assets and finance, but the intensity of these adjustments has also declined over time. In line with existing research, we interpret these findings as strong indicators of changing corporate governance in Japan, in particular in terms of the decline in corporate monitoring functions of main banks. |
| 主题 | Financial Economics ; Financial Institutions ; Corporate Finance |
| URL | https://www.nber.org/papers/w23715 |
| 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/581386 |
| 推荐引用方式 GB/T 7714 | Takeo Hoshi,Satoshi Koibuchi,Ulrike Schaede. The Decline in Bank-Led Corporate Restructuring in Japan: 1981-2010. 2017. |
| 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 | ||
| w23715.pdf（468KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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