The present thesis contributes to the user acceptance literature by improving understanding about the role of pre-implementation acceptance in the adoption of enterprise systems. This phenomenon was addressed from three different perspectives in the three core papers: Chapter 2 focused on...

Diese Arbeit trägt zu einem besseren Verständnis der Bedeutung von Kooperationen und Wissensaustausch für den Erfolg innovativer Unternehmen bei. Dabei gründet sie im Wesentlichen auf Josef Alois Schumpeters ‚Theorie der wirtschaftlichen Entwicklung‘ aus dem Jahre 1912. Neuere Theorien,...

Different levels of corporate leverage are used in this paper to help explain the wide range of post-crisis output adjustment across East Asia. In the model developed here, highly leveraged firms facing a cutoff of capital inflows are threatened by bankruptcy. These firms respond by eliminating...

What caused Asia's largest economy, once the envy of the world, to lag behind many of the other industrial countries? And why did it take so long for Japan to recover from the bursting of its asset price bubble of the late 1980s? In this volume, a team from the International Monetary Fund...

Governments frequently assist troubled banks. This paper examines the fiscal aspects of such assistance: rationale, design criteria, methods, and macroeconomic implications. It concludes that (1) banks should be assisted only when there is a clear systemic risk; (2) assistance should be tied to...

The implementation of the Commercial Rehabilitation Law (CRL) on April 1, 2000 was considered a key event in setting up the official infrastructure supporting corporate restructuring in Japan. This study evaluates the stock price impact of restructuring announcements before and after the CRL...

This paper discusses the role of asset management companies (AMCs) in facilitating bank restructuring and specifies some policy lessons learned from international experience. The paper concludes that there is no single optimal solution but a combination of strategies that will vary from bank to...