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Industrial Groupings and Strategic FDI : Theory and Evidence
Blonigen, Bruce A. - 2000
We show that industrial ownership structures, such as keiretsu groupings in Japan, may significantly impact firms …
Persistent link: https://www.econbiz.de/10012470685
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Political Discretion and Antitrust Policy : Evidence from the Assassination of President McKinley
Baker, Richard B. - 2018
We study the importance of discretion in antitrust enforcement by analyzing the response of asset prices to the sudden accession of Theodore Roosevelt to the presidency. During McKinley's term in office the largest wave of merger activity in American history occurred, and his administration did...
Persistent link: https://www.econbiz.de/10012480888
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Collusion, Mergers, and Related Antitrust Issues
Asker, John; Nocke, Volker - National Bureau of Economic Research - 2021
This survey examines recent developments in economic research relating to antitrust, paying specific attention to research in the areas of collusion and merger enforcement. Research relating to both collusion and mergers has made significant advances in the last twenty years. With respect to...
Persistent link: https://www.econbiz.de/10012616623
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Big Banks and Macroeconomic Outcomes : Theory and Cross-Country Evidence of Granularity
Bremus, Franziska - 2013
Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity (Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups. Using this framework, we show conditions under which...
Persistent link: https://www.econbiz.de/10012459568
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Keiretsu and Relationship-Specific Investment : A Barrier to Trade?
Spencer, Barbara J. - 2000
This paper develops a model of informal procurement within Japanese keiretsu so as to consider effects on intermediate-good imports, such as auto parts. Parts-suppliers make relationship-specific investments that benefit the auto-maker and prices are determined by bargaining after investment has...
Persistent link: https://www.econbiz.de/10012471203
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Bank Ties and Bond Market Access : Evidence on Investment-Cash Flow Sensitivity in Japan
McGuire, Patrick - 2003
paper investigates whether bank ties in Japan were costly for mature and healthy firms in the 1980's and 1990's, and whether …
Persistent link: https://www.econbiz.de/10012469054
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An International Perspective of Japan's Corporate Groups and their Prospects
Yafeh, Yishay - 2002
This paper reviews the literature on corporate groups in Japan and elsewhere, and offers a comparison of Japan … groups in Japan since the mid-1970s. The main conclusions that emerge are that: 1. Empirical evidence on the economic roles … of corporate groups in Japan is limited. 2. Japanese groups are, in some respects, quite similar to groups in other …
Persistent link: https://www.econbiz.de/10012469317
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Consolidation of Banks in Japan : Causes and Consequences
Hosono, Kaoru - 2007
We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year …
Persistent link: https://www.econbiz.de/10012465251
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Financial Systems, Economic Growth, and Globalization
Rousseau, Peter L. - 2001
formal quantitative analysis. We begin with studies of the Dutch Republic, England, the U.S., France, Germany and Japan that …
Persistent link: https://www.econbiz.de/10012470401
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Agglomeration and the Price of Land : Evidence from the Prefectures
Dekle, Robert - 1994
We use Japanese prefectural wage and land price data to estimate the magnitude of agglomeration effects in manufacturing and finance. We also examine the range of agglomeration effects by estimating the extent to which they diminish with distance, using a specification that encompasses the polar...
Persistent link: https://www.econbiz.de/10012474138