Financial Intermediation and Deregulation A Critical Analysis of Japanese Bank-Firm Relationships
The book attempts to give a comprehensive description and testable theory of the complicated, but not unintelligible system of bank-firm relationships in the dynamic environment of a gradually deregulated financial market. It provides both theory and empirical evidence that close bank-firm relations...
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Format: | eBook |
Language: | English |
Published: |
Heidelberg
Physica-Verlag HD
2000, 2000
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Edition: | 1st ed. 2000 |
Series: | Contributions to Economics
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Subjects: | |
Online Access: | |
Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Summary: | The book attempts to give a comprehensive description and testable theory of the complicated, but not unintelligible system of bank-firm relationships in the dynamic environment of a gradually deregulated financial market. It provides both theory and empirical evidence that close bank-firm relationships lead to a lower fraction of bank finance. Furthermore it is shown that since the mid 1980s it has been increasingly dependent on the nature of a relationship whether or not it is a benefit for the competitiveness of a firm. These findings make it necessary to redefine the image of Japan's financial system in general and bank-firm relationships in particular |
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Physical Description: | XIV, 150 p online resource |
ISBN: | 9783642524257 |