Gower, Luke George
This dissertation asks whether Japanese main bank monitoring relationships were
disturbed by the deregulation of the corporate finance market that took place in Japan
during the 1980s. It is motivated by the observation that successful bank monitoring
of the corporate sector depends, in part, upon the returns to banking. In Japan, these
returns declined substantially during the 1980s, and so it becomes appropriate to ask
whether bank based systems of corporate monitoring have become less...[Show more]
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