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Measuring the Extent and Implications of Director Interlocking in the Pre-war Japanese Banking Industry
http://hdl.handle.net/2261/2517
http://hdl.handle.net/2261/25173e7ca136-c760-4a82-ab85-78f4d80ad915
| Item type | テクニカルレポート / Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2013-06-03 | |||||
| タイトル | ||||||
| タイトル | Measuring the Extent and Implications of Director Interlocking in the Pre-war Japanese Banking Industry | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Organ bank | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Corporate governance | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Director interlocking | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Related lending | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL Classification Numbers: G32, N25 | |||||
| 資源タイプ | ||||||
| 資源 | http://purl.org/coar/resource_type/c_18gh | |||||
| タイプ | technical report | |||||
| アクセス権 | ||||||
| アクセス権 | metadata only access | |||||
| アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||
| 著者 |
Okazaki, Tetsuji
× Okazaki, Tetsuji× Sawada, Michiru× Yokoyama, Kazuki |
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| 著者所属 | ||||||
| 著者所属 | University of Tokyo | |||||
| 著者所属 | ||||||
| 著者所属 | RIETI | |||||
| 著者所属 | ||||||
| 著者所属 | Hitotsubashi University | |||||
| 著者所属 | ||||||
| 著者所属 | Nagoya City University | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | In prewar Japan, many banks were controlled by industrial companies through capital and personal relationships. Those banks are called "organ banks" (kikan ginko). Organ banks engaged in unsound lending to their related companies, which gave damage to the banks'financial conditions, and consequently made the financial system unstable. This is an accepted view on the financial history in prewar Japan (organ bank hypothesis). However, this view has been based on case studies and casual observations. In this paper we examine the organ bank hypothesis using quantitative data and econometric methodology. To measure the extent of connections between banks and non-banking companies, we compile a comprehensive database of directors and auditors of banks and non-banking companies in 1926. It is found that interlocking of directors and auditors between banks and non-banking companies were very pervasive. More than 80% of ordinary banks had at least one director or auditor who was at the same time a director or auditor of at least one non-banking company. Also, regression analyses confirm that director interlocking had a negative effect on bank performance, especially for small-sized banks. | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 本文フィルはリンク先を参照のこと | |||||
| 書誌情報 |
Discussion paper series. CIRJE-F 巻 2003-CF-241, 発行日 2003-10 |
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| 書誌レコードID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AA11450569 | |||||
| フォーマット | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | application/pdf | |||||
| 日本十進分類法 | ||||||
| 主題Scheme | NDC | |||||
| 主題 | 330 | |||||
| 出版者 | ||||||
| 出版者 | 日本経済国際共同センター | |||||
| 出版者別名 | ||||||
| Center for International Research on the Japanese Economy | ||||||
| 関係URI | ||||||
| 識別子タイプ | URI | |||||
| 関連識別子 | http://www.cirje.e.u-tokyo.ac.jp/research/dp/2003/2003cf241ab.html | |||||
