Noriyuki Yanagawa (Faculty of Economics, University of Tokyo) Ryoko Oki (Graduate School of Economics, University of Tokyo)
Abstract
This paper explains the corporate revival process of Nitto Kougyou, a famous golf courses managing company in Japan. After the crash of bubbles in Japan, the profit condition of Nitto Kougyou dropped drastically. Goldman Sachs bought this company in 2001 and filed for court-mandated rehabilitation. This paper carefully examines the corporate revival process of this company and makes clear the important points for considering the restructuring process of Japanese firms and for solving the non-performing loans problems.
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Publisher Info
Paper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE J-Series with number
CIRJE-J-106.
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