Consolidation of banks in Japan
Subtitle: causes and consequences
By: Kaoru Hosono, Koji Sakai, Kotaro Tsuru
Contributors: Sakai, K. (Koji); Tsuru, Kōtarō, 1960-; National Bureau of Economic Research
Series: NBER working paper series -- working paper 13399; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13399.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] :
Description: "We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset.  Our analysis suggests that the government's too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though its attempt does not seem to have been successful.  The efficiency-improving motive also seems to have driven the M&As conducted by major banks and regional banks in the post-crisis period, while the market-power motive seems to have driven the M&As conducted by regional banks and corporative (shinkin) banks.  We obtain no evidence that supports managerial motives for empire building"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 9/21/2007.

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