Consolidation of banks in Japan: causes and consequences
We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset. Our analysis suggests that the governmentﾒs too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13399 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset. Our analysis suggests that the governmentﾒs too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though its attempt does not seem to have been successful. The efficiency-improving motive also seems to have driven the M&As conducted by major banks and regional banks in the post-crisis period, while the market-power motive seems to have driven the M&As conducted by regional banks and corporative (shinkin) banks. We obtain no evidence that supports managerial motives for empire building |
| Beschreibung: | Literaturverz. S. 43 - 45 |
| Beschreibung: | 65 S. graph. Darst. 22 cm |
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| 520 | |a We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset. Our analysis suggests that the governmentﾒs too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though its attempt does not seem to have been successful. The efficiency-improving motive also seems to have driven the M&As conducted by major banks and regional banks in the post-crisis period, while the market-power motive seems to have driven the M&As conducted by regional banks and corporative (shinkin) banks. We obtain no evidence that supports managerial motives for empire building | ||
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| id | DE-604.BV023593300 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
| institution | BVB |
| language | English |
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| physical | 65 S. graph. Darst. 22 cm |
| publishDate | 2007 |
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| spelling | Hosono, Kaoru 1961- Verfasser (DE-588)129545716 aut Consolidation of banks in Japan causes and consequences Kaoru Hosono ; Koji Sakai ; Kotaro Tsuru Cambridge, Mass. National Bureau of Economic Research 2007 65 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13399 Literaturverz. S. 43 - 45 We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset. Our analysis suggests that the governmentﾒs too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though its attempt does not seem to have been successful. The efficiency-improving motive also seems to have driven the M&As conducted by major banks and regional banks in the post-crisis period, while the market-power motive seems to have driven the M&As conducted by regional banks and corporative (shinkin) banks. We obtain no evidence that supports managerial motives for empire building Sakai, Koji Verfasser (DE-588)130828858 aut Tsuru, Kōtarō 1960- Verfasser (DE-588)122593359 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13399 (DE-604)BV002801238 13399 http://papers.nber.org/papers/w13399.pdf kostenfrei Volltext |
| spellingShingle | Hosono, Kaoru 1961- Sakai, Koji Tsuru, Kōtarō 1960- Consolidation of banks in Japan causes and consequences |
| title | Consolidation of banks in Japan causes and consequences |
| title_auth | Consolidation of banks in Japan causes and consequences |
| title_exact_search | Consolidation of banks in Japan causes and consequences |
| title_exact_search_txtP | Consolidation of banks in Japan causes and consequences |
| title_full | Consolidation of banks in Japan causes and consequences Kaoru Hosono ; Koji Sakai ; Kotaro Tsuru |
| title_fullStr | Consolidation of banks in Japan causes and consequences Kaoru Hosono ; Koji Sakai ; Kotaro Tsuru |
| title_full_unstemmed | Consolidation of banks in Japan causes and consequences Kaoru Hosono ; Koji Sakai ; Kotaro Tsuru |
| title_short | Consolidation of banks in Japan |
| title_sort | consolidation of banks in japan causes and consequences |
| title_sub | causes and consequences |
| url | http://papers.nber.org/papers/w13399.pdf |
| volume_link | (DE-604)BV002801238 |
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