This study examines the effectiveness of bank recapitalization policies in Japan. Based on a careful reading of the “business revitalization plan” submitted by banks requesting government funds, we identify four primary goals of the capital injection plan in Japan: 1) to increase the bank...

Most of the analyses of small firms' decision to seek outside equity financing and the conditions thereof have concerned private firms. Knowledge of the risk and return of entrepreneurial ventures for outside investors is consequently limited. This paper attempts to fill this gap by examining...

Most of the analyses of small firms' decision to seek outside equity financing and the conditions thereof have concerned private firms. Knowledge of the risk and return of entrepreneurial ventures for outside investors is consequently limited. This paper attempts to fill this gap by examining...

Der Beitrag befasst sich mit der Nutzung der (konjunkturellen) Kurzarbeit durch mittelständische Betriebe. Es zeigte sich, dass kleine und mittelgroße Betriebe dieses Instrument deutlich seltener als ihre großbetrieblichen Pendants nutzen: im Juni 2009 ließen nur etwa 1,6 Prozent der kleinen...