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Did amakudari undermine the effectiveness of regulator monitoring in Japan?


  • Horiuchi, Akiyoshi
  • Shimizu, Katsutoshi


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  • Horiuchi, Akiyoshi & Shimizu, Katsutoshi, 2001. "Did amakudari undermine the effectiveness of regulator monitoring in Japan?," Journal of Banking & Finance, Elsevier, vol. 25(3), pages 573-596, March.
  • Handle: RePEc:eee:jbfina:v:25:y:2001:i:3:p:573-596

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    References listed on IDEAS

    1. Kane, Edward J., 1995. "Three paradigms for the role of capitalization requirements in insured financial institutions," Journal of Banking & Finance, Elsevier, vol. 19(3-4), pages 431-459, June.
    2. Yeon-Koo Che, 1995. "Revolving Doors and the Optimal Tolerance for Agency Collusion," RAND Journal of Economics, The RAND Corporation, vol. 26(3), pages 378-397, Autumn.
    3. Black, Fischer & Miller, Merton H & Posner, Richard A, 1978. "An Approach to the Regulation of Bank Holding Companies," The Journal of Business, University of Chicago Press, vol. 51(3), pages 379-412, July.
    4. Keeley, Michael C, 1990. "Deposit Insurance, Risk, and Market Power in Banking," American Economic Review, American Economic Association, vol. 80(5), pages 1183-1200, December.
    5. Douglas W. Diamond & Philip H. Dybvig, 2000. "Bank runs, deposit insurance, and liquidity," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win, pages 14-23.
    6. Tirole, Jean, 1986. "Hierarchies and Bureaucracies: On the Role of Collusion in Organizations," Journal of Law, Economics, and Organization, Oxford University Press, vol. 2(2), pages 181-214, Fall.
    7. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 277-297.
    8. Gary Chamberlain, 1980. "Analysis of Covariance with Qualitative Data," Review of Economic Studies, Oxford University Press, vol. 47(1), pages 225-238.
    9. Prowse, Stephen D, 1992. " The Structure of Corporate Ownership in Japan," Journal of Finance, American Finance Association, vol. 47(3), pages 1121-1140, July.
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    Cited by:

    1. Konishi, Masaru & Yasuda, Yukihiro, 2004. "Factors affecting bank risk taking: Evidence from Japan," Journal of Banking & Finance, Elsevier, vol. 28(1), pages 215-232, January.
    2. Canan Yildirim, 2009. "Moral Hazard, Corporate Governance, and Bank Failure: Evidence from The 2000-2001 Turkish Crises," Working Papers 486, Economic Research Forum, revised May 2009.
    3. Nikolai Naidenov, 2004. "The Main Bank System in Japan and the Crisis of the 1990s," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 72-90.
    4. Wang, Qiang & Chen, Xi & Yi-chong, Xu, 2013. "Accident like the Fukushima unlikely in a country with effective nuclear regulation: Literature review and proposed guidelines," Renewable and Sustainable Energy Reviews, Elsevier, vol. 17(C), pages 126-146.
    5. Hotori, Eiji, 2016. "The role of financial elites in banking supervision in Japan from 1927 to 1998," eabh Papers 16-01, The European Association for Banking and Financial History (EABH).
    6. Suzuki, Kenji, 2004. "The Changing Pattern of Amakudari Appointments - The Case of Regional Banks 1991-2000," EIJS Working Paper Series 187, Stockholm School of Economics, The European Institute of Japanese Studies.
    7. Katsutoshi Shimizu, 2009. "The Behavior of Japanese banks in the 1990s and Government Intervention for the Financial crisis," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 5(2), pages 229-254, November.
    8. Hanazaki, Masaharu & Horiuchi, Akiyoshi, 2003. "A review of Japan's bank crisis from the governance perspective," Pacific-Basin Finance Journal, Elsevier, vol. 11(3), pages 305-325, July.
    9. 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.
    10. Levine,Ross Eric, 2004. "The Corporate Governance of Banks - a concise discussion of concepts and evidence," Policy Research Working Paper Series 3404, The World Bank.
    11. Chen, Li-Wen & Yu, Hsin-Yi, 2017. "Corporate governance, political involvement, and internationalization: An empirical investigation in Japan and Taiwan," Research in International Business and Finance, Elsevier, vol. 39(PA), pages 640-655.
    12. Grossman, Richard S. & Imai, Masami, 2016. "Taking the lord's name in vain: The impact of connected directors on 19th century British banks," Explorations in Economic History, Elsevier, vol. 59(C), pages 75-93.
    13. Suzuki, Kenji, 2004. "Is Amakudari Changing? The Case of Regional Banks," EIJS Working Paper Series 198, Stockholm School of Economics, The European Institute of Japanese Studies.
    14. Asano, Akihito & Eto, Takaharu, 2006. "The paradox of limited deposit insurance under the amakudari practice in the Japanese banking system," Journal of Asian Economics, Elsevier, vol. 17(1), pages 126-143, February.
    15. Rubi Ahmad & M. Ariff & Michael Skully, 2008. "The Determinants of Bank Capital Ratios in a Developing Economy," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 15(3), pages 255-272, December.
    16. Sumner J. La Croix & Akihiko Kawaura, 2005. "Institutional Change in Japan: Theory, Evidence, and Reflections," Economics Study Area Working Papers 82, East-West Center, Economics Study Area.
    17. Jiatao Li & Carmen Ng, 2013. "The Normalization of Deviant Organizational Practices: The Non-performing Loans Problem in China," Journal of Business Ethics, Springer, vol. 114(4), pages 643-653, June.
    18. Marianne Rubinstein, 2009. "Quels enseignements tirer de la crise financière japonaise pour la crise actuelle ?," Revue d'Économie Financière, Programme National Persée, vol. 94(1), pages 251-271.
    19. Selim Mankaï & Aymen Belgacem, 2013. "Interactions Between Risk-Taking, Capital, and Reinsurance for Property-Liability Insurance Firms," EconomiX Working Papers 2013-23, University of Paris Nanterre, EconomiX.
    20. Tetsuro Mizoguchi & Nguyen Van Quyen, 2009. "Amakudari: The Post-Retirement Employment of Elite Bureaucrats in Japan," Keio/Kyoto Joint Global COE Discussion Paper Series 2009-011, Keio/Kyoto Joint Global COE Program.
    21. Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093, March.
    22. Uchida, Hirofumi & Satake, Mitsuhiko, 2009. "Market discipline and bank efficiency," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 19(5), pages 792-802, December.
    23. Masaharu Hanazaki & Akiyoshi Horiuchi, 2001. "Can the Financial Restraint Hypothesis Explain Japan's Postwar Experience?," CIRJE F-Series CIRJE-F-130, CIRJE, Faculty of Economics, University of Tokyo.
    24. Wang, Qiang & Chen, Xi, 2012. "Regulatory failures for nuclear safety – the bad example of Japan – implication for the rest of world," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2610-2617.

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