Efficiency icon

Efficiency




НазваEfficiency
Дата03.03.2014
Розмір7.48 Kb.
ТипДокументи

value may induce coordination failure among creditors. Because this also induces moral hazard on the part of the debtor, adopting APR violations may be a useful way of improving ex ante efficiency. Finally, if there is complementarity between a firm’s assets, the revocation of PP can mitigate the coordination problem and thus increase ex ante efficiency.

Kimie Harada, Graduate School of International Accounting,
Chuo University, Takatoshi Ito, Graduate School of Economics,
The University of Tokyo, Japan

Mega-Mergers’ Economic Reasons
and Performances: Lessons from Japan


This study examines short- and long-term performances of consolidations of larger scale banks. Japan experienced its banking crisis in late 1990s, a decade prior to global financial crisis in later 2000s. Large scale bank consolidations took place after the global financial crisis in the US and Europe and some of those consolidations were criticized as aiming at “too big to fail”.

With a decade experience, this paper shows that banks which had low rating of market evaluations at the announcement of a merger resulted in poor results of balance sheet analysis. This could be lessons from Japan with the global banking sector now consolidated than ever.

Nobuyoshi Yamori, Graduate School of Economics, Nagoya University;
Kozo Harimaya, Faculty of Economics, Faculty of Business Administration,
Ritsumeikan University, Nojihigashi, Kusatsu, Shiga;
Kei Tomimura, Faculty of Business Administration, Aichi University, Japan

Roles of Outside Directors
in Cooperative Financial Institutions:
The Case of Japan


As the governance of financial institutions is becoming an important issue, there are many papers empirically investigating the governance issues of banks, which are stock companies. However, cooperative structured financial institutions (coops), which have a unique governance structure different from stock companies, play a substantial role in the Japanese banking markets. For example, cooperative banks hold as much as a 25 % share of household deposits. On the other hand, many cooperative banks failed due to non-performing loans after the collapse of the bubble in the in the early 1990s. Japan’s financial regulator, the Financial Services Agency (FSA), has reviewed that one of the main causes of such co-ops failures as inadequate corporate governance. Therefore, it is worth examining whether some


Схожі:

Efficiency iconKeystones for attainment eco-efficiency of clean production

Efficiency icon"International scientific and technical cooperation: principles, mechanisms, efficiency"

Efficiency icon"International scientific and technical cooperation: principles, mechanisms, efficiency"

Efficiency iconThe economic efficiency and management of leasing in Ukraine Galyna Peresadko, Svitlana Lukash

Efficiency iconThe economic efficiency and management of leasing in Ukraine Galyna Peresadko, Svitlana Lukash

Efficiency iconEstimate of Lovastatin Efficiency at Old Patients with Chronic Cardiac Failure and Type 2 Diabetes

Efficiency iconGoing near organization of experimental researches of efficiency of decisions on organization of the controlled from distance technologies of teaching

Efficiency iconAbstract Shvetz I. B., Grebennikov Y. V. Problems of the efficiency of international economic activity
Про­изошедшая в современном обществе переоценка принципов и модельных характеристик экономического развития изменила представления...
Efficiency iconDetermination of integral indicator of company’s innovation potential as a part of business efficiency mechanism аннотация: исследуются современные аспекты трактовки категорий «инновация»
Державний вищий навчальний заклад «Українська академія банківської справи Національного банку України» м. Суми
Efficiency iconClinical and epidemiological features of diphtheria
Хх century it was it is interrupted in 1991-1992 sharp getting up, that put under a doubt efficiency specific prophylaxis this disease....
Додайте кнопку на своєму сайті:
Документи


База даних захищена авторським правом ©zavantag.com 2000-2013
При копіюванні матеріалу обов'язкове зазначення активного посилання відкритою для індексації.
звернутися до адміністрації
Документи