The recent evolutions of corporate capital structure in Japan and its determinants were analyzed in this research, with special emphasis on comparison between firms in major stock exchanges. The specific questions examined in this study are: Do differences in debt regression coefficients exist...

This study investigates whether asymmetric responses exist among the stock price indices of China, Japan, and South Korea. Using regression and vector auto-regression (VAR) models, this paper empirically tests for the existence of both magnitude asymmetry and pattern asymmetry among these...

I investigated the questions of how the debt ratios in Korean companies have changed over the last 25 years and how the functional relationship with explanatory variables has changed over the same period. Using both the well-known model by Rajan and Zingales (1995) and the annual data, I...