Corporate Governance of Japanese Banks

45 Pages Posted: 28 Jun 2000

See all articles by Christopher W. Anderson

Christopher W. Anderson

University of Kansas - School of Business

Terry L. Campbell

University of Delaware - Department of Finance

Date Written: June 7, 2000

Abstract

We investigate corporate governance of Japanese banks from the 1970s to the 1990s. In spite of economic shocks to the operating environment of Japanese banks over this period, there are few mergers, failures, and other changes in ownership and control. We also find that executive turnover is insensitive to bank performance except in the 1990s. These results suggest that ineffective governance exacerbated the Japanese banking crisis and delayed subsequent restructuring. Heightened managerial incentives in the 1990s and recent bank failures and mergers indicate, however, that Japanese banks will be better governed as they enter the 21st Century.

JEL Classification: G21, G34

Suggested Citation

Anderson, Christopher W. and Campbell, Terry Lee, Corporate Governance of Japanese Banks (June 7, 2000). Available at SSRN: https://ssrn.com/abstract=231950 or http://dx.doi.org/10.2139/ssrn.231950

Christopher W. Anderson

University of Kansas - School of Business ( email )

1300 Sunnyside Ave
Lawrence, KS 66045
United States
785-864-7340 (Phone)
785-864-5328 (Fax)

HOME PAGE: http://www.business.ku.edu/gen/bschool_generated_pages/Anderson_Christopher_p1587.html

Terry Lee Campbell (Contact Author)

University of Delaware - Department of Finance ( email )

College of Business and Economics
Newark, DE 19716
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
1,169
Abstract Views
3,867
rank
17,714
PlumX Metrics