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Ownership structure in Japanese banking industry: Evolution and effects

Author

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  • Li, Bing
  • Li, Changhong
  • Wu, Zhenyu

Abstract

Banks play an important role in the Japanese economy. This paper addresses some recent changes in Japanese banking industry over the past decade by focusing on the ownership structure of Japanese commercial banks. Ownership type, concentration and shareholder network are investigated to explore the structural changes and further demonstrate their effects on bank performance.

Suggested Citation

  • Li, Bing & Li, Changhong & Wu, Zhenyu, 2018. "Ownership structure in Japanese banking industry: Evolution and effects," Finance Research Letters, Elsevier, vol. 25(C), pages 154-159.
  • Handle: RePEc:eee:finlet:v:25:y:2018:i:c:p:154-159
    DOI: 10.1016/j.frl.2017.10.020
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    References listed on IDEAS

    as
    1. Bernotas, David, 2005. "Ownership structure and firm profitability in the Japanese keiretsu," Journal of Asian Economics, Elsevier, vol. 16(3), pages 533-554, June.
    2. Bonin, John P. & Hasan, Iftekhar & Wachtel, Paul, 2005. "Bank performance, efficiency and ownership in transition countries," Journal of Banking & Finance, Elsevier, vol. 29(1), pages 31-53, January.
    3. Laeven, Luc & Levine, Ross, 2009. "Bank governance, regulation and risk taking," Journal of Financial Economics, Elsevier, vol. 93(2), pages 259-275, August.
    4. Yao, Jun & Ouyang, Hongbing, 2007. "Dark-side evidence on bank-firm relationship in Japan," Japan and the World Economy, Elsevier, vol. 19(2), pages 198-213, March.
    5. Agarwal, Rajshree & Ann Elston, Julie, 2001. "Bank-firm relationships, financing and firm performance in Germany," Economics Letters, Elsevier, vol. 72(2), pages 225-232, August.
    6. Prowse, Stephen D, 1992. " The Structure of Corporate Ownership in Japan," Journal of Finance, American Finance Association, vol. 47(3), pages 1121-1140, July.
    7. 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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    More about this item

    Keywords

    Ownership structure; Shareholder network; Bank performance;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation

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