This study analyzes the effects of managerial ownership on the risk-taking behavior of Korean and Japanese banks during the relatively regulated period of the late 1990s to the early 2000s. It finds that managerial ownership alone does not affect either the risk or the profit levels of Korean...

We perform a series of five strategic analyses of Japanese Megabanks. This paper is the fourth analysis in the series, where we analyse the financial service industry dynamics to assess how Japanese Megabanks and RUFG should best position themselves to exploit opportunities, protect against...

This paper explores the dynamic relationship between stock market implied credit spreads, CDS spreads, and bond spreads. A general VECM representation is proposed for changes in the three credit spread measures which accounts for zero, one, or two independent cointegration equations, depending...

Legitimacy is a social source of financial power -- Legitimacy in political economy -- The financial reform nexus in England -- The financial reform nexus in Germany -- The financial reform nexus in the United States -- The financial reform nexus in Japan -- The social sources of international...