Purpose The ownership structure in Japanese firms has experienced a significant change recently, fueled primarily by regulatory changes. This has important repercussions on corporate performance and risk. This paper examines the impact of insider ownership on the default risk of Japanese firms....

"This textbook analyses the origins and effects of insider risk, using multiple real-life case histories to illustrate the principles, and explains how protect organisations against the risk. Some of the most problematic risks confronting businesses and organisations of all types stem from the...