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three major Asian-Pacific REIT markets: Australia, Japan and Singapore. Our empirical results indicate that sponsored REITs …
Persistent link: https://www.econbiz.de/10010462573
We examine quantitatively the extent to which financial distress in the 90s affected Japanese corporate investment. Based on the firm-level data that includes small, unlisted firms, we estimate investment function to measure the impact of financial distress on investment. We find that the...
Persistent link: https://www.econbiz.de/10001763114
with the macroeconomic developments in Japan during its lost decades and other major advanced economies during the Great …
Persistent link: https://www.econbiz.de/10011573120
This paper examines empirically some of the reasons why Japanese manufacturing firms frequently fail to satisfy concavity conditions of the cost function. We focus on the “bubble period” in the 1980s when land was in great demand for reasons related to both production and speculation, and...
Persistent link: https://www.econbiz.de/10003757808
banking problems, the Japanese government initiated the Financial Big Bang in 1996 to strength the capability of capital …
Persistent link: https://www.econbiz.de/10003321259
largest economic block in Japan, with 2041 companies responding. This article introduces the results of this questionnaire … member of an affiliation of companies greatly affects a company’s financial activities, and that the capital adequacy ratio …
Persistent link: https://www.econbiz.de/10003321293
Recently, credit ratings have been enhancing the influence on issuers as well as the national economy. This paper explains the historical development and several current features of the Japanese bond market, and discusses why credit ratings gained a significant role in the 1990s. We also present...
Persistent link: https://www.econbiz.de/10003321300
In this paper, I survey the previous literature on the saving behavior of the aged in Japan and then present some … survey data on the saving behavior of the aged in Japan that became available recently. To summarize the main findings of … that this model is highly applicable in the case of Japan. -- Saving ; dissaving ; consumption ; aged ; elderly …
Persistent link: https://www.econbiz.de/10003339272
importance of borrowing constraints in Japan. We find (1) that 8 to 15 percent of young married Japanese households are borrowing … does not apply in Japan and that the presence of borrowing constraints is not the main reason why it does not apply … Hypothesis ; Euler Equation ; Households ; Japan …
Persistent link: https://www.econbiz.de/10003339290
the 1990s and conclude that the former (especially misguided government policies) were probably more important. -- Japan … ; Business Cycles ; Growth ; Economic Growth ; Gross Domestic Product ; GDP ; Investment ; Capital Formation ; Household …
Persistent link: https://www.econbiz.de/10003339301