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findings. First, acquiring firms did not gain from their acquisitions. Second, acquirers with stronger bank ties experienced … larger wealth loss than those with weaker bank ties. These results are consistent with the hypothesis that banks played a …
Persistent link: https://www.econbiz.de/10010729579
The objective of this paper is to present the transformations of corporate governance in Asia\r\nsince the crisis of 1997. The analysis deals with 14 Asian countries during the period of 1997-\r\n2006. The important changes include the development of stocks markets, the new role of\r\nbanks and...
Persistent link: https://www.econbiz.de/10009364351
This paper examines how the corporate governance of the Japanese cotton spinning enterprise was formed in 20th century beginning. The establishment of the corporate governance which makes long-term growth possible has been thought to be reached by the rise of the professional manager who pursued...
Persistent link: https://www.econbiz.de/10005773267
For many years, the dominant view of the Japanese financial system before World War II has been that industrial bank … on bank borrowings, when the focus is narrowed to large enterprises there was a high degree of dependence on equity fund …
Persistent link: https://www.econbiz.de/10004971259
We find inherited family firms more important in postwar Japan than generally realized, and also performing well on average. Non-consanguineous heir-run firms outperform blood heirs' firms, and roughly match founder-run listed firms, while blood heirs surpass professional managers at running...
Persistent link: https://www.econbiz.de/10011039234
corporate culture in the local entities). <p> This research encompasses a review of the literature on bank internationalization …: ABN Amro (The Netherlands), Barclays (United Kingdom), Société Générale (France). <p> The findings are that bank …
Persistent link: https://www.econbiz.de/10005030164
French banking expansion in China and South-East Asia had to respect the powerful influence of British banks there. From the 1860s French merchant and banking interests had been involved in Hong Kong business because of the colonial developments in Indochina and the links between this area and...
Persistent link: https://www.econbiz.de/10005697621
French banking expansion in China and South-East Asia had to respect the powerful influence of British banks there. From the 1860s French merchant and banking interests had been involved in Hong Kong business because of the colonial developments in Indochina and the links between this area and...
Persistent link: https://www.econbiz.de/10005395079
frequent intervention by the Central Bank in the foreign exchange market. As the Government securities market in India is still …In the present study, we examine the issue of integration of financial markets in India. Given the growing movement of … exchange rates, and the London Inter Bank Offered Rate (LIBOR). By using a multiple co-integration approach, the study found …
Persistent link: https://www.econbiz.de/10010903984
development of India through the 1990s to the present, assessing the development of each segment of financial markets. In doing so … explanation of this dualistic development and proposes a road map for the future development of financial markets in India. …
Persistent link: https://www.econbiz.de/10009653199