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banking regimes in Japan (a hybrid auction-method regime and a book-building regime) and find that main bank relationships …We study the role of banking relationships in IPO underwriting using a sample of 484 Japanese IPOs. Among other issues …-known firms. When a firm in Japan goes public, it can engage an investment bank that is related through a common main bank, or can …
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This paper examines the effects of structural changes in financial system on corporate governance in Japan. The primary …
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Japan during the global financial crisis. The major findings of the article are two-fold. First, in terms of credit …
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This paper investigates the relationship between market liquidity and bank-dominated corporate governance structure of Japanese listed firms, represented as main bank relationships and cross shareholdings. We find that (i) main bank lending relationships increase market liquidity and reduce...
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The current economic crisis of Japan may be attributed largely to the dysfunction of the corporate goverance system …
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