management ; restructuring ; corporate survival ; managerial risk aversion …

management ownership and firm's value after controlling for the history of management ownership as well as inter-firm differences … firm value, an endogeneity argument a la Demsetz (1983). We find that history of the management ownership, not its current …

largest economic block in Japan, with 2041 companies responding. This article introduces the results of this questionnaire …

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 …

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 …

the 1990s and conclude that the former (especially misguided government policies) were probably more important. -- Japan …

), describe and evaluate the past and present structure of personal taxes in Japan, and based on our findings, make a number of … policy recommendations about how to reform personal taxes in Japan. We find that the structure of Japan’s current consumption … improves both the efficiency and equity of Japan’s personal taxes and, at the same time, achieves fiscal reconstruction …