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public criticisms blaming Japan's bank-based corporate governance practices for the problems Japan was facing, the Japanese … government undertook a major overhaul of almost all aspects of Japan's legal settings for corporate governance. In response to … the legal reforms many Japanese firms began changing their corporate governance and other business practices. Many of the …
Persistent link: https://www.econbiz.de/10012777050
, IPOs, corporate governance, corporate restructuring, bank mergers, and the largest private antitrust litigation in U …
Persistent link: https://www.econbiz.de/10012777090
trades; capital structure motivated trades; merger and risk arbitrage; and, most controversially, governance and strategy. We …
Persistent link: https://www.econbiz.de/10012779385
Countries that have experienced banking crises have adopted one of two distinct approaches toward the resolution of nonperforming assets - a centralized or a decentralized solution. A centralized approach entails setting up a government agency - an asset management company - with the full...
Persistent link: https://www.econbiz.de/10012785241
Exchanges and other trading platforms are often vertically integrated to carry out trading, clearing and settlement as one operation. We show that such vertical silos can prevent efficiency gains from horizontal consolidation of trading and settlement platforms to be realized. Independent of the...
Persistent link: https://www.econbiz.de/10012785731
Insurance company risk is assessed after their acquisitions. An acquisition may increase risk if it is a strategic mismatch, or an acquisition may reduce risk through cash flow diversification. Over thirty-six month periods surrounding insurance company acquisitions, systematic risk changes are...
Persistent link: https://www.econbiz.de/10012789781
corporate governance dimensions (Part II). Next, it outlines the theories of harms that correspond to the distinct forms and …
Persistent link: https://www.econbiz.de/10012952957
This paper presents an overview of the Japanese system to deal with the distress of banks, providing a classification of the regulation and remedies based on the level of systemic risk of the troubled entity. The paper differentiates between the types of actions available and analyses in detail...
Persistent link: https://www.econbiz.de/10012960405
English Abstract: This study analyzes the effects of banks' ownership-governance structures on their risks. First of … implication regarding the Korean bank industry. Recently, there is increasing concerns about the Korean banks' governance …
Persistent link: https://www.econbiz.de/10012901388
We examine the impact on a firm when it is exogenously forced to switch its bank relationship from one branch to another branch of the same bank. We show the effect depends directly on the relative balance between the hard accounting information provided to the bank by the firm, as part of the...
Persistent link: https://www.econbiz.de/10012901734