| Item type |
デフォルトアイテムタイプ（フル）その２(1) |
| 公開日 |
2018-06-11 |
| タイトル |
|
|
タイトル |
Does Restructuring Pay in Japan? Evidence Following the Lost Decade |
|
言語 |
en |
| 作成者 |
Beason, Dick
Gordon, Ken
Mehrotra, Vikas
Watanabe, Akiko
|
| 寄与者 |
|
|
寄与者タイプ |
Editor |
|
|
姓名 |
Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University |
|
|
言語 |
en |
| アクセス権 |
|
|
アクセス権 |
metadata only access |
|
アクセス権URI |
http://purl.org/coar/access_right/c_14cb |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Japanese corporate restructuring |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
restructuring announcements |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
After a decade of sluggish economic growth in the 1990s, it remains an open question whether and how Japanese firms have restructured their operations, and whether these efforts have borne any fruit. Using a randomly selected sample of 300 firms from the Tokyo Stock Exchange, we collect all restructuring announcement in the 2001-2002 period. Our results are striking in that while we do find that firms engaging in restructurings of various sorts display improved earnings in the period following the restructuring announcement, shareholders do not appear to benefit from such tangible earnings improvements. After a decade of lost opportunities, market participants in Japan remain skeptical of the sustainability of such restructuring efforts (that is, will the firms revert to their "bad old ways" when the immediate crisis is over). |
|
言語 |
en |
| 出版者 |
|
|
出版者 |
Institute of Economic Research, Hitotsubashi University |
| 日付 |
|
|
日付 |
2009-03 |
|
日付タイプ |
Issued |
| 言語 |
|
|
言語 |
eng |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_18gh |
|
資源タイプ |
technical report |
| 出版タイプ |
|
|
出版タイプ |
NA |
|
出版タイプResource |
http://purl.org/coar/version/c_be7fb7dd8ff6fe43 |
| 関連情報 |
|
|
関連タイプ |
isPartOf |
|
|
識別子タイプ |
HDL |
|
|
関連識別子 |
http://hdl.handle.net/10086/29295 |
|
|
関連名称 |
This version has been revised. The new version is available at http://hdl.handle.net/10086/29295. |
| 関連情報 |
|
|
関連タイプ |
isReplacedBy |
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|
識別子タイプ |
URI |
|
|
関連識別子 |
http://cei.ier.hit-u.ac.jp/index.html |
|
|
関連名称 |
CEI Working Paper Series ; No. 2008-20 |
| 収録物識別子 |
|
|
収録物識別子タイプ |
NCID |
|
収録物識別子 |
AA11590659 |
| JEL |
|
|
値 |
G34 |
| JEL |
|
|
値 |
J60 |
