Japanese firms during the lost two decades: the recovery of zombie firms and entrenchment of reputable firms
Auteur :
Nakamura, Jun-ichi
Éditeur :
Springer Verlag, Japan
ISBN :
9784431559160
Date de publication :
10 août 2016
Dimensions :
23,5 x 15,5 cm
Langue :
Anglais
Pays d'origine :
Japon
Exploiting the corporate financial dataset compiled by the Development Bank of Japan, it shows empirical evidence that an excessive conservative financial policy of firms in good standing were responsible for sluggish reallocation of productive resources after the recovery of “zombie†firms.