Japan during the global financial crisis. The major findings of the article are two-fold. First, in terms of credit …

bank debt for downside risk” bias against the banks. A stock market and real estate boom in Japan made it harder than ever … for the banks to diversify risk. The insights from this analysis help explain why Japan’s main bank system was beneficial … why the adverse shocks of the post-deregulation 1990s had such severe effects on the banking system. …

This paper explores the benefits and negative elements of the relationship between firms and their primary banking … partners. The benefits of this relationship often lead firms to develop a closer relationship with their primary banking … partners, while the negative elements often result in firms changing their banking partners. Our results show that larger …

This paper examines the effects of structural changes in financial system on corporate governance in Japan. The primary …

This paper examines the effects of structural changes in financial system on corporate governance and finance in Japan … changes in financial system in Japan and their effects on corporate finance and governance; to develop insights concerning …