This paper examines the effects of structural changes in financial system on corporate governance and finance in Japan, and discusses the future directions. The primary purpose of the study is twofold: to identify important features of changes in financial system in Japan and their effects on...

This paper examines the effects of structural changes in financial system on corporate governance and finance in Japan, and discusses the future directions. The primary purpose of this study is twofold: to identify important features of changes in financial system in Japan and their effects on...

Megers and aquisitions have become a major factor of corporate life and have been fully researched in the financial and strategic literature. However, despite the increasing interest in this topic, there is not consensus about the causes of merger failure. This paper reviews the literature on...

The transactions and production file are used to create measures of the use of currency and crop inventory as well as changes in real capital assets, livestock, and net indebtedness for three ICRISAT villages in India's semi-arid tropics. These asset data are used with income and consumption...

The purpose of this article is to present a sequential modelization of the following dilemma: should a firm get indebted today or should it keep the option of getting indebted later under better terms? Thus, we shall first define the concept of financial flexibility and then give a modelization...