Capital injection, restructuring targets and personnel management: The case of Japanese regional banks
A case study of the Japanese bank recapitalization by Hoshi and Kashyap (2005) identified a bank that overstated the progress of required personnel downsizing by shifting employees to subsidiaries. This paper asks if the recapitalization program had a systematic flaw in design. We focus on regional banks with a unique panel dataset of 82 banking groups that allows us to observe the employment levels of subsidiaries, in addition to those of parent banks, over fiscal 1994--2006. We estimate a...[Show more]
|Collections||ANU Research Publications|
|Source:||Proceedings of the Australian Conference of Economists 2009|
|01_Onji_Capital_injection,_2009.pdf||6.45 MB||Adobe PDF|
|02_Onji_Capital_injection,_2009.pdf||346.24 kB||Adobe PDF|
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