This paper examines the determinants of firm stock-price performance from 1990 to 1993" in Japan. During that period of …

of capital as functions of holding-period returns earned in Japan on stocks, bonds, yen, and real estate. The model is … applied to annual data covering 1975-1989 and a four-class size/charter partition of the Japanese banking system. For each … it in a model of how variations in bank-customer contracting arrangements in Japan affect the returns that can be earned …

During this decade the structure of corporate finance in Japan has changed dramatically. Japanese firms that once used …

rehabilitate the U.S. banking industry. Many of those strategies were used also in Japan to combat its banking problems in the 1990 … respect to four of the others. So far the U.S. has avoided Japan's problem of having impaired banks prop up zombie firms …

We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year …