Montgomery, Heather; Takahashi, Yuki - Volkswirtschaftliche Fakultät, … - 2011
Japanese “Big Bang” deregulation from its start in 1996 to completion in 2001, and the following eight years. On profitability …, we find that the banking sector as a whole did not become more profitable than the pre-deregulation period. Rather, we … see a steady decline in profitability. In addition, the main targets of the deregulation (and the most active in mergers …