Political Influence and Declarations of Bank Insolvency in Japan

Imai, Masami

doi:10.2139/ssrn.970550

Cited by 20 publications

(20 citation statements)

References 64 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This is because investors and entrepreneurs will be less willing to commit to productive activities when they know they might be putting their entire personal fortunes in jeopardy (Cirmizi et al 2011). For example, if it was not for the effective and robust insolvency resolving framework in Japan, then some of their struggling banks would not have been reorganised or absorbed by the stronger banks (Imai, 2009;Hoshi, 2002). Third, a weak resolving insolvency framework increases the cost of capital and is not able to mitigate against the weak mechanisms that are often responsible for business failures.…”

Section: Dependent Variablementioning

confidence: 99%

Terrorism and country-level global business failure

Tingbani

Okafor

Tauringana

et al. 2019

Journal of Business Research

View full text Add to dashboard Cite

This paper contributes to the literature on business failure by investigating the relationship between terrorism and country-level global business failure by using a sample of 174 countries over the period 2009-2015. To proxy for business failure, the 'Resolving Insolvency' index, which is a component of the World Bank's 'Doing Business' index, was adapted and used. The results of the fixed-effects estimation show that terrorism has a positive and significant relationship with business failure for the full sample. When the sample is divided into developed, developing and fragile states, the results show that terrorism is positively and significantly related with business failure in developing and fragile states only. Estimates show that for every 100 terrorist incidents, business failure increases by 1% and 0.7% points, in South Asia and Sub Saharan Africa (SSA) countries, respectively. The findings contribute to our understanding of the effects of terrorism on business failure, and how this differs depending on whether the country is developing, developed, or is a fragile state.

show abstract

Section: Dependent Variablementioning

confidence: 99%

Terrorism and country-level global business failure

Tingbani

Okafor

Tauringana

et al. 2019

Journal of Business Research

View full text Add to dashboard Cite

show abstract

“…Also in the United States,Liu and Ngo (2014) show that political concerns play a significant role in the timing of bank failures over the period 1976-2010 Brown and Dinc (2005). find consistent evidence from a sample of large banks in 21 emerging countries, whileImai (2009) examines the case of Japan in 1999-2002. Our paper adopts a different perspective and provides evidence of special interest politics being at play in the resolution of failed banks.©International Monetary Fund.…”

mentioning

confidence: 79%

Winning Connections? Special Interests and the Sale of Failed Banks

Igan

Lambert²,

Wagner³

et al. 2017

IMF Working Papers

View full text Add to dashboard Cite

show abstract

“…Compared to the results of Table 2, the inefficiency of banks with politically connected leadership (POL) is more pronounced. This significance might be due to regulatory forbearance granted to politically connected banks by regulatory agencies or to the pursuit of private benefits and perks by politically connected bankers (Imai 2009). …”

Section: Additional Analysesmentioning

confidence: 99%

Corporate Governance, Opaque Bank Activities, and Risk/Return Efficiency: Pre- and Post-Crisis Evidence from Turkey

2011

View full text Add to dashboard Cite

Does better corporate governance unambiguously improve the risk/return efficiency of banks? Or does either a re-orientation of banks' revenue mix towards more opaque products, an economic downturn, or tighter supervision create off-setting or reinforcing effects? The authors relate bank efficiency to shortfalls from a stochastic risk/return frontier. They analyze how internal governance mechanisms (CEO duality, board experience, political connections, and education profile) and external governance mechanisms (discipline exerted by shareholders, depositors, or skilled employees) determine efficiency in a sample of Turkish banks. The 2000 financial crisis was a wake-up call for bank efficiency and corporate governance. As a result, better corporate governance mechanisms have been able to improve risk/return efficiency when the economic, regulatory, and supervisory environments are more stable and bank products are more complex.

show abstract

Political Influence and Declarations of Bank Insolvency in Japan

Cited by 20 publications

References 64 publications

Terrorism and country-level global business failure

Terrorism and country-level global business failure

Winning Connections? Special Interests and the Sale of Failed Banks

Corporate Governance, Opaque Bank Activities, and Risk/Return Efficiency: Pre- and Post-Crisis Evidence from Turkey

Contact Info

Product

Resources

About