existing firms or -- much more frequently -- exploited by new entrants in the U.S. In Japan this new dominant technology has … organizational change is necessary for incumbent firms to remain competitive and, ultimately, to survive. Japan's sharply higher … organizational change/new entry ratio compared to the U.S. during the biotech revolution is related to Japan's relatively compact …

Using a unique dataset on all major corporate restructuring events in Japan between 1981 and 2010, we examine how bank …-led rescue operations in Japan have changed over time. The incidence of restructuring by distressed firms has become less … findings as strong indicators of changing corporate governance in Japan, in particular in terms of the decline in corporate …