WEKO3
アイテム
On the Bank-led Rescues Financially Distressed Firms in Japan
http://hdl.handle.net/10086/13877
http://hdl.handle.net/10086/13877e2b85fa8-78a0-416d-ba2c-bc1ee089dcb2
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
wp2004-25a.pdf (233427 bytes)
|
|
| アイテムタイプ | デフォルトアイテムタイプ（フル）その２(1) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 公開日 | 2017-05-20 | |||||||||||
| タイトル | ||||||||||||
| タイトル | On the Bank-led Rescues Financially Distressed Firms in Japan | |||||||||||
| 言語 | en | |||||||||||
| 作成者 |
岩壷, 健太郎
× 岩壷, 健太郎
|
|||||||||||
| 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 | open access | |||||||||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||||||||
| 内容記述 | ||||||||||||
| 内容記述タイプ | Other | |||||||||||
| 内容記述 | First version: March 2003; This version: Sep. 2004 | |||||||||||
| 言語 | en | |||||||||||
| 内容記述 | ||||||||||||
| 内容記述タイプ | Abstract | |||||||||||
| 内容記述 | In this paper, we argue that the bank-led rescues of financially distressed firms in the heyday of the main bank system was inefficient since banks' implicit guarantee against bankruptcy resulted in moral hazard. The empirical results show that during the period before the financial deregulation of the 1980s main bank client firms retrenched operational expenses and improved corporate performance significantly less than the firms without close bank ties after the onset of financial distress. This evidence suggests that managers of bank-affiliated firms tended to do away with sharp downsizing by relying on financial support from their main bank. | |||||||||||
| 出版者 | ||||||||||||
| 出版者 | Institute of Economic Research, Hitotsubashi University | |||||||||||
| 日付 | ||||||||||||
| 日付 | 2005-03 | |||||||||||
| 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 | VoR | |||||||||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||||||
| 関連情報 | ||||||||||||
| 関連タイプ | isPartOf | |||||||||||
| 関連名称 | CEI Working Paper Series ; No. 2004-25 | |||||||||||
| 関連情報 | ||||||||||||
| 識別子タイプ | URI | |||||||||||
| 関連識別子 | http://cei.ier.hit-u.ac.jp/index.html | |||||||||||
| 収録物識別子 | ||||||||||||
| 収録物識別子タイプ | NCID | |||||||||||
| 収録物識別子 | AA11590659 | |||||||||||
| ページ数 | ||||||||||||
| ページ数 | 33 | |||||||||||
