Kaoru, HOSONO; Koji, SAKAI; Kotaro, TSURU - Research Institute of Economy, Trade and Industry (RIETI) - 2007
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...