We analyze a large database collected from newspaper articles that report on major episodes of corporate restructuring in Japan between 1981 and 2007. By linking this database with financial data on public firms, we identify changes in the likelihood that a distressed undergoes restructuring, as...

Recent studies have established that the Japanese stock market had a substantial size in the pre-war period, and played an important role in financing economic development. The pre-war stock market in Japan, however, did not achieve its size and status quickly. Indeed, the market capitalization...

Applying a common empirical approach to comparable industry-level data on production, trade, and labor markets for Japan and South Korea, this paper aims to investigate the impacts of outsourcing on different sectors of the labor market focusing on differences in educational attainment. While...