» » Corporate Financing and Governance in Japan: The Road to the Future

Fb2 Corporate Financing and Governance in Japan: The Road to the Future ePub

by Anil Kashyap,Stanley Fischer,Takeo Hoshi

Category: Economics
Subcategory: Business and Work
Author: Anil Kashyap,Stanley Fischer,Takeo Hoshi
ISBN: 0262083019
ISBN13: 978-0262083010
Language: English
Publisher: The MIT Press (September 1, 2001)
Pages: 378
Fb2 eBook: 1433 kb
ePub eBook: 1936 kb
Digital formats: rtf mobi mbr lit

In this book Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms.

In this book Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms. Combining financial theory with new data and original case studies, they show why the Japanese financial system developed as it did and how its history affects its ongoing evolution. The authors describe four major periods within Japan's financial history and speculate on the fifth, into which Japan is now moving

The book will be an authoritative read for a wide-ranging audience, including college students, MBA students, and scholars in the field. Takatoshi Ito, Professor, Hitotsubashi University). Hoshi and Kashyap are most reliable students of the Japanese financial system, and the publication of their book is extremely timely and welcome.

In this book Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its . In this book Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms.

In this book Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century . Takeo Hoshi & Anil Kashyap, 2004. Handle: RePEc:mtp:titles:0262582481.

Corporate financing and governance in Japan: The road to the future. T Hoshi, A Kashyap, D Scharfstein. Asymmetric information, corporate finance, and investment, 105-126, 1990. The Japanese Banking Crisis: Where did it come from and how will it end? T Hoshi, A Kashyap. NBER macroeconomics annual 14, 129-201, 1999. Bank monitoring and investment: Evidence from the changing structure of Japanese corporate banking relationships.

In this book, Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from . He is the coauthor of Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001).

In this book, Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms. The authors describe four major periods within Japan's financial history and speculate on the fifth, into which Japan is now moving.

Anil K. Kashyap (born c. 1960) is the Stevens Distinguished Professor of Economics and Finance at the University of Chicago's Booth School of Business. As an author, he is held in libraries worldwide. Kashyap was born in Fremont, California in 1960. He graduated from Mission San Jose High School in 1978 and attended the University of California at Davis.

Authors: Takeo Hoshi Anil Kashyap Anil K Kashyap Stanley Fischer

Authors: Takeo Hoshi Anil Kashyap Anil K Kashyap Stanley Fischer. In this book, Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms. The banks are destined to shrink as households change their savings patterns and their customers continue to migrate to new funding sources.

His book titled Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001) co-authored with Anil Kashyap (Booth School of Business, University of Chicago) received the Nikkei Award for the Best Economics Books in 2002. Other publications include Will the .

45th Nikkei Prize for Excellent Books in Economic Science, presented by the Japan Center for Economic Research and Nihon Keizai Shimbun Inc. on November 5, 2002. In this book Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms. Combining financial theory with new data and original case studies, they show why the Japanese financial system developed as it did and how its history affects its ongoing evolution. The authors describe four major periods within Japan's financial history and speculate on the fifth, into which Japan is now moving. Throughout, they focus on four questions: How do households hold their savings? How is business financing provided? What range of services do banks provide? And what is the nature and extent of bank involvement in the management of firms? The answers provide a framework for analyzing the history of the past 150 years, as well as implications of the just-completed reforms known as the "Japanese Big Bang." Hoshi and Kashyap show that the largely successful era of bank dominance in postwar Japan is over, largely because deregulation has exposed the banks to competition from capital markets and foreign competitors. The banks are destined to shrink as households change their savings patterns and their customers continue to migrate to new funding sources. Securities markets are set to re-emerge as central to corporate finance and governance.
Comments to eBook Corporate Financing and Governance in Japan: The Road to the Future
Akelevar
Just like the revire from Paul Donovan, this book offers a good background and reference of the post war financial system. However, the details of bank merger need further review and the relationship between keiretsu is also worth checking.
Adrierdin
Hoshi and Kashyap provide an interesting history of the post war corporate finance, with relevant information from the pre-war period that sets the tone. Their analysis includes comprehensive and illustrative data with sources on various aspects of the development of Japan's corporate finance arrangements. Although their exposition of the decline of the Keiretsu system is relatively detailed, it is this section that lets the book down. The role of capital market reforms on the small company-large company relationship in the Keiretsu families is glossed over, yet this surely has to be examined in more detail given the damage this wrought on small businesses and the subsequent contribution of this damage to the non-performing loan problems of the banking system. The chapters detailing the problems of the banking system also seem rather cursory given the scale of the crisis.
These weaknesses notwithstanding, the book provides a useful reference to the topic, and covers the background of Japan's corporate finance development with some helpful data insights.
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