Japanese Firms During the Lost Two Decades

This book PDF is perfect for those who love Business & Economics genre, written by Jun-ichi Nakamura and published by Springer which was released on 02 August 2016 with total hardcover pages 73. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Japanese Firms During the Lost Two Decades books below.

Japanese Firms During the Lost Two Decades
Japanese Firms During the Lost Two Decades
Author : Jun-ichi Nakamura
File Size : 43,8 Mb
Publisher : Springer
Language : English
Release Date : 02 August 2016
ISBN : 9784431559184
Pages : 73 pages
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Japanese Firms During the Lost Two Decades by Jun-ichi Nakamura Book PDF Summary

Why has Japan's lost decade become the lost two decades? This book attempts to provide a novel perspective on causes of stagnant productivity growth of the Japanese corporate sector during the lost two decades. Exploiting the corporate financial dataset compiled by the Development Bank of Japan, it shows empirical evidence that an excessive conservative financial policy of firms in good standing were responsible for sluggish reallocation of productive resources after the recovery of “zombie” firms. The questions taken up in the book include: How can “zombie” firms be properly identified only on the basis of financial data? Why did a majority of “zombie” firms eventually recover? Why did the productivity and profitability of the corporate sector as a whole remain low even after the recovery of “zombie” firms? Why did firms in good standing stick to an excessive conservative financial policy and seem reluctant to invest for innovation? What can be the effective prescription to revitalize these firms in good standing? Supported by both in-depth data analyses and rich anecdotal evidence, this book is highly recommended to readers who seek a convincing and comprehensive explanation of Japan's lost two decades from the financial and corporate behavioral points of view.

Japanese Firms During the Lost Two Decades

Japanese Firms During the Lost Two Decades by Jun-ichi Nakamura

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