UID:
almahu_9949285180802882
Format:
XIV, 150 p.
,
online resource.
Edition:
1st ed. 2000.
ISBN:
9783642524257
Series Statement:
Contributions to Economics,
Content:
The book attempts to give a comprehensive description and testable theory of the complicated, but not unintelligible system of bank-firm relationships in the dynamic environment of a gradually deregulated financial market. It provides both theory and empirical evidence that close bank-firm relationships lead to a lower fraction of bank finance. Furthermore it is shown that since the mid 1980s it has been increasingly dependent on the nature of a relationship whether or not it is a benefit for the competitiveness of a firm. These findings make it necessary to redefine the image of Japan's financial system in general and bank-firm relationships in particular.
Note:
1 Explaining Japanese Bank-Firm Relationships: Introduction and Overview -- 1.1 Introduction -- 1.2 Motivation and Limitations -- 1.3 Research Framework -- 1.4 Overview -- 2 Overview of the Japanese Financial Market -- 2.1 Introduction -- 2.2 Legal and Institutional Framework of Japanese Financial Markets -- 2.3 The Boom-Bust Cycle -- 2.4 Changes in Corporate Finance -- 2.5 Concluding Remarks -- 3 Data Description and Measures of Bank-Firm Relationships -- 3.1 The Data Base -- 3.2 Measures of Bank-Firm Relationships -- 4 Banks as Monitors -- 4.1 Introduction -- 4.2 The Model -- 4.3 Empirical Analysis -- 4.4 Conclusion -- 5 The Recent Economic Role of Bank-Firm Relationships -- 5.1 Introduction -- 5.2 Profitability and Bank-Firm Relationship -- 5.3 Growth Rates -- 5.4 Compensation of Employees -- 5.5 Firm Risk -- 5.6 Interest Rates on Borrowings: Cost and Stability -- 5.7 Summary and Concluding Remarks -- 6 Conclusion -- I Definition of Variables -- II Descriptive Statistics for Regression Variables -- III Development of Balance-Sheet Items: Full Sample,92 Firms -- IV Sample Statistics of Bank-Affiliation Criteria -- V OLS-Regression Results -- V.a Evidence of Bank-Affiliation for Amount of Bank-Financed Debt -- V.b Evidence of Bank-Affiliation for Firm's Market Value -- VI. List of Firms -- Abbreviations -- Figures and Tables.
In:
Springer Nature eBook
Additional Edition:
Printed edition: ISBN 9783790813074
Additional Edition:
Printed edition: ISBN 9783642524264
Language:
English
Subjects:
Economics
,
Mathematics
Keywords:
Hochschulschrift
DOI:
10.1007/978-3-642-52425-7
URL:
https://doi.org/10.1007/978-3-642-52425-7
URL:
Volltext
(URL des Erstveröffentlichers)
