Overview

This work explores the fragility of the banking system, corporate governance, and the increasing securitization of corporate finance. The contributors address the following issues: the impact of banking during a crisis in providing an incentive for the managers of failing banks to restructure their assets; the way in which economic and legal institutions can control the management of banks and firms; and the effects of increases in the securitization of corporate finance and the amount of financial innovation.

Full Product Details

Author:   H. Osano ,  T. Tachibanaki
Publisher:   Palgrave Macmillan
Imprint:   Palgrave Macmillan
Dimensions:   Width: 14.00cm , Height: 2.60cm , Length: 21.60cm
Weight:   0.530kg
ISBN:  

9780333771365

ISBN 10:   0333771362
Pages:   306
Publication Date:   07 November 2001
Audience:   Professional and scholarly ,  Professional and scholarly ,  Professional & Vocational ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Preface Notes on the Contributors Introduction; H.Osano & T.Tachibanaki PART I: BANKING Liquidity Demand of Corporate Sector and Soft Budget Constraint; N.Yanagawa Incentive Effects of Conditional Bank Recapitalization: Lending and Disclosure of Non-Performing Loans; P.Aghion, P.Bolton & S.Fries Injection of Public Funds into Banks under Deposit Insurance and Bank Regulation; H.Osano Governance Structure of Banks and Their Business Performance; T.Tachibanaki & H.Okamura A Vacuum of Governance in the Japanese Bank Management; M.Hanazaki & A.Horiuchi PART II: CORPORATE GOVERNANCE Corporate Bankruptcy; M.J.White Executive Option Plans and Incentives to Take Risk in Levered Firms: Equity Value or Firm Value Maximization?; G.T.Garvey & A.Mawani Does the Decision to Retain Retiring Executives on the Board of Directors Help to Control Agency Problems in American and Japanese Firms?; J.A.Brickley, J.L.Coles & J.S.Linck PART III: CAPITAL MARKET Viable Design of a Security with a Pre-existing Market; K.Õhashi Investment, Security Design and Information; G.Demange & G.Laroque PART IV: GENERAL COMMENTS Mashiro Okuno: Fujiwara Index

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Author Information

HIROSHI OSANO is Professor of Economics at Kyoto University and has held positions at Shiga, Northwestern, and Osaka. - TOSHIAKI TACHIBANAKI is Professor of Economics at Kyoto University. His publications include Wage Determination and Distribution in Japan, Public Policies and the Japanese Economy, Wage Differentials: An International Comparison and Capital and Labour in Japan.

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