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Zombie lending and depressed restructuring in Japan
Caballero, Ricardo J.; Hoshi, Takeo; Kashyap, Anil K. - In: The American economic review 98 (2008) 5, pp. 1943-1977
Persistent link: https://www.econbiz.de/10003809357
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Zombie lending and depressed restructuring in Japan
Caballero, Ricardo J.; Hoshi, Takeo; Kashyap, Anil K. - 2006
Persistent link: https://www.econbiz.de/10003311068
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Zombie lending and depressed restructuring in Japan
Caballero, Ricardo J. (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003430723
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Zombie Lending and Depressed Restructuring in Japan
Caballero, Ricardo J. - 2010
In this paper, we propose a bank-based explanation for the decade-long Japanese slowdown following the asset price collapse in the early 1990s. We start with the well-known observation that most large Japanese banks were only able to comply with capital standards because regulators were lax in...
Persistent link: https://www.econbiz.de/10012761673
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Zombie Lending and Depressed Restructuring in Japan
Caballero, Ricardo J. - 2006
In this paper, we propose a bank-based explanation for the decade-long Japanese slowdown following the asset price collapse in the early 1990s. We start with the well-known observation that most large Japanese banks were only able to comply with capital standards because regulators were lax in...
Persistent link: https://www.econbiz.de/10012466526
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Liquidity and control : a dynamic theory of corporate ownership structure
Bolton, Patrick; Milne, Frank - In: Journal of institutional and theoretical economics : JITE 154 (1998) 1, pp. 177-211
Persistent link: https://www.econbiz.de/10001340786
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Covenant lite lending, liquidity, and standardization of financial contracts
Ayotte, Kenneth Michael; Bolton, Patrick - In: Research handbook on the economics of property law, (pp. 174-189). 2011
Persistent link: https://www.econbiz.de/10008935272
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Debt, taxes, and liquidity
Bolton, Patrick; Chen, Hui; Wang, Neng - 2014
Persistent link: https://www.econbiz.de/10010346618
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Liquidity and Risk Management : Coordinating Investment and Compensation Policies
Bolton, Patrick - 2015
how liquidity and risk management policies coordinate investment and executive compensation policies to efficiently retain … flush with liquidity and the latter is the only consideration when the firm has depleted its financial slack. We show that …
Persistent link: https://www.econbiz.de/10012457687
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Debt, Taxes, and Liquidity
Bolton, Patrick - 2014
We analyze a model of optimal capital structure and liquidity choice based on a dynamic tradeoff theory for financially … introduce a cost of external financing for the firm, which generates a precautionary demand for liquidity and an optimal … liquidity management policy for the firm. An important new cost of debt financing in this context is an endogenous debt …
Persistent link: https://www.econbiz.de/10012458655