Have Main Banks Encouraged Corporate Restructuring? (in Japanese)
This paper analyzes the impact of main bank system on the speed of employment adjustment by using a panel dataset of firms in the manufacturing and non-manufacturing industry in the post-bubble period from 1991 to 1998. Estimations considering main bank effect show the results that main banks delay the speed of employment adjustment in promoted-manager firms in the manufacturing industry and both promoted-manager and owner-manager firms in the non-manufacturing industry.
Volume (Year): 180 (2008)
Issue (Month): (March)
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