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Mixed ownership of industrial firms in Japan: debt financing, banks and vertical keiretsu groups

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  • Nakamura, Masao

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  • Nakamura, Masao, 2002. "Mixed ownership of industrial firms in Japan: debt financing, banks and vertical keiretsu groups," Economic Systems, Elsevier, vol. 26(3), pages 231-247, September.
    • Handle: RePEc:eee:ecosys:v:26:y:2002:i:3:p:231-247
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    1. Shleifer, Andrei & Vishny, Robert W, 1986. "Large Shareholders and Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 461-488, June.
    2. Chemmanur, Thomas J & Fulghieri, Paolo, 1994. "Reputation, Renegotiation, and the Choice between Bank Loans and Publicly Traded Debt," Review of Financial Studies, Society for Financial Studies, vol. 7(3), pages 475-506.
    3. Randall Morck & Masao Nakamura & Murray Frank, 2001. "Japanese Corporate Governance and Macroeconomic Problems," Palgrave Macmillan Books, in: Masao Nakamura (ed.), The Japanese Business and Economic System, chapter 12, pages 325-363, Palgrave Macmillan.
    4. Douglas W. Diamond, 1984. "Financial Intermediation and Delegated Monitoring," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(3), pages 393-414.
    5. Diamond, Douglas W, 1991. "Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 689-721, August.
    6. Detragiache Enrica, 1994. "Public versus Private Borrowing: A Theory with Implications for Bankruptcy Reform," Journal of Financial Intermediation, Elsevier, vol. 3(4), pages 327-354, September.
    7. Diamond, Douglas W, 1989. "Reputation Acquisition in Debt Markets," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 828-862, August.
    8. Takeo Hoshi & Anil Kashyap & David Scharfstein, 1993. "The Choice Between Public and Private Debt: An Analysis of Post-Deregulation Corporate Financing in Japan," NBER Working Papers 4421, National Bureau of Economic Research, Inc.
    9. John C. Easterwood & Palani-Rajan Kadapakkam, 1991. "The Role of Private and Public Debt in Corporate Capital Structures," Financial Management, Financial Management Association, vol. 20(3), Fall.
    10. Berlin, Mitchell & Loeys, Jan, 1988. " Bond Covenants and Delegated Monitoring," Journal of Finance, American Finance Association, vol. 43(2), pages 397-412, June.
    11. James, Christopher, 1995. "When Do Banks Take Equity in Debt Restructurings?," Review of Financial Studies, Society for Financial Studies, vol. 8(4), pages 1209-1234.
    12. Randall Morck & Masao Nakamura, 1999. "Banks and Corporate Control in Japan," Journal of Finance, American Finance Association, vol. 54(1), pages 319-339, February.
    13. Blackwell, David W. & Kidwell, David S., 1988. "An investigation of cost differences between public sales and private placements of debt," Journal of Financial Economics, Elsevier, vol. 22(2), pages 253-278, December.
    14. Morck, Randall & Nakamura, Masao & Shivdasani, Anil, 2000. "Banks, Ownership Structure, and Firm Value in Japan," The Journal of Business, University of Chicago Press, vol. 73(4), pages 539-567, October.
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    Cited by:

    1. Jean-Pascal Bassino & Pablo Jensen & Matteo Morini, 2017. "Network analysis of Japanese global business using quasi-exhaustive micro-data for Japanese overseas subsidiaries," Papers 1707.05699, arXiv.org.
    2. Hamadi FakhFakh & Rim Zouari-Hadiji, 2011. "Dettes financières et investissement en R&D:une étude comparative," Working Papers CREGO 1110302, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    3. Panayotis Kapopoulos & Sophia Lazaretou, 2009. "Does corporate ownership structure matter for economic growth? A cross-country analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 30(3), pages 155-172.
    4. Laurence Loulmet, 2004. "Le discrédit des banques et l’impact des réformes au Japon," Revue d'Économie Financière, Programme National Persée, vol. 75(2), pages 263-290.
    5. Yener Altunbaş & Alper Kara & Adrian van Rixtel, 2007. "Corporate governance and corporate ownership: The investment behaviour of Japanese institutional investors," Occasional Papers 0703, Banco de España.
    6. Mannan, Kazi Abdul & Farhana, Khandaker Mursheda, 2014. "Rural Household Contribution to the Financial and Capital Market in Bangladesh: A Micro Level Study of Remittances from Italy," MPRA Paper 60309, University Library of Munich, Germany.

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