Peng Xu
- Published in print:
- 2007
- Published Online:
- September 2007
- ISBN:
- 9780199284511
- eISBN:
- 9780191713705
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199284511.003.0006
- Subject:
- Economics and Finance, South and East Asia
This chapter presents evidence on recent bankruptcy resolution and bankruptcy reform in Japan. Prior to bankruptcy, bank lenders are less likely to intervene than they did before bankruptcy. Most ...
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This chapter presents evidence on recent bankruptcy resolution and bankruptcy reform in Japan. Prior to bankruptcy, bank lenders are less likely to intervene than they did before bankruptcy. Most bankrupt firms experience abnormal president turnover around bankruptcy filings. Civil Rehabilitation firm expenditure in bankruptcy is substantially shorter than that in a Corporate Reorganization firm. Also, Corporate Reorganization firms have proven to emerge quicker after the 2000 bankruptcy reform. The main difference between rehabilitation duration and reorganization duration is that leverage only prolongs Civil Rehabilitation duration.Less
This chapter presents evidence on recent bankruptcy resolution and bankruptcy reform in Japan. Prior to bankruptcy, bank lenders are less likely to intervene than they did before bankruptcy. Most bankrupt firms experience abnormal president turnover around bankruptcy filings. Civil Rehabilitation firm expenditure in bankruptcy is substantially shorter than that in a Corporate Reorganization firm. Also, Corporate Reorganization firms have proven to emerge quicker after the 2000 bankruptcy reform. The main difference between rehabilitation duration and reorganization duration is that leverage only prolongs Civil Rehabilitation duration.
Hiroshi Oda
- Published in print:
- 2009
- Published Online:
- May 2009
- ISBN:
- 9780199232185
- eISBN:
- 9780191705335
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199232185.003.0013
- Subject:
- Law, Comparative Law
This chapter discusses Japanese insolvency law. Topics covered include basic laws, bankruptcy procedure, civil rehabilitation procedure, corporate reorganization procedure, and international ...
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This chapter discusses Japanese insolvency law. Topics covered include basic laws, bankruptcy procedure, civil rehabilitation procedure, corporate reorganization procedure, and international insolvency law.Less
This chapter discusses Japanese insolvency law. Topics covered include basic laws, bankruptcy procedure, civil rehabilitation procedure, corporate reorganization procedure, and international insolvency law.
Philip Cooke and Kevin Morgan
- Published in print:
- 1998
- Published Online:
- October 2011
- ISBN:
- 9780198290186
- eISBN:
- 9780191684784
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198290186.001.0001
- Subject:
- Business and Management, Innovation, Political Economy
This book explores important issues of corporate reorganization in the context of heightened global competition. Its special focus is upon how firms associate with regional milieux. Innovation is a ...
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This book explores important issues of corporate reorganization in the context of heightened global competition. Its special focus is upon how firms associate with regional milieux. Innovation is a key factor in corporate and regional economic performance and the book shows how interactive innovation based on collective learning and associative practices are becoming increasingly significant. In-depth studies of inter-firm and firm-agency interactions are presented for four European regions: Baden-Württemberg and Emilia-Romagna as accomplished regional economies; Wales and the Basque Country as learning regions. The book is theoretically informed by an evolutionary economics perspective and draws policy conclusions which emphasize the importance of decentralized industrial policy in support of both corporate and regional economic development ambitions. It concludes that the associational economy may be the ‘third way’ between state and market co-ordination of modern economies.Less
This book explores important issues of corporate reorganization in the context of heightened global competition. Its special focus is upon how firms associate with regional milieux. Innovation is a key factor in corporate and regional economic performance and the book shows how interactive innovation based on collective learning and associative practices are becoming increasingly significant. In-depth studies of inter-firm and firm-agency interactions are presented for four European regions: Baden-Württemberg and Emilia-Romagna as accomplished regional economies; Wales and the Basque Country as learning regions. The book is theoretically informed by an evolutionary economics perspective and draws policy conclusions which emphasize the importance of decentralized industrial policy in support of both corporate and regional economic development ambitions. It concludes that the associational economy may be the ‘third way’ between state and market co-ordination of modern economies.
