We combine recent findings from the empirical banking literature with established insights
from studies of banking competition and regulation. Motivated by modern theory of financial …

Corporate governance is concerned with the resolution of collective action problems among
dispersed investors and the reconciliation of conflicts of interest between various corporate …

I owe a great deal to Professor Moses Abramovitz who suggested that I write this article. I
appreciate his constant encouragement and guidance which aided me throughout its …

Business practices in Japan inspire fierce and even acrimonious debate, especially when
they are compared to American practices. This book attempts to explain the remarkable …

This book provides a compendium to the empirical work investigating the hypotheses
generated by recent banking theory. Such a compendium is overdue. Since the publication …

The article aims to show how keiretsu networks have functioned, evolved, and influenced
the economy of Japan over the decades. The main research method used is an in-depth …

We analyze the organization of keiretsu networks in the Japanese economy using data on
the top 50 financial firms and 200 industrial corporations. Control relations between pairs of …

1 Introduction As a bank provides an array of services through time to a customer, it gains
substantial knowledge about its customer's financial needs. The bank can use this …

Will the Japanese government take the decisive but manageable policy actions needed to
bring about economic recovery? Despite claims to the contrary, macroeconomic expansion …

Does weakness in the banking sector adversely affect the real economy? If so, how large is
the effect? In this article, I answer these questions for Japan in 1991-92. I test whether a …