Compare Prices | Create Shopping Lists with Price Drop Alerts | Set Coupons, Promo Codes & Sales Alerts | Get Access to Exclusive Deals and Much More... All in One Place | Read all about it here

Priority Rule Violations and Perverse Banking Behaviors

Priority Rule Violations and Perverse Banking Behaviors

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9789811058516
Condition
New
Product Description

This book theoretically and empirically explores why Japanese banks engaged in seemingly contradictory behaviors in the 1990s, namely, the credit crunch and evergreening, i.e., inefficient additional lending. A credit crunch occurs when banks are unwilling to finance good and efficient projects. Evergreening implies that banks reluctantly lend additional money to poorly performing and financially vulnerable firms. The authors hypothesize that these practices stemmed from violation of the absolute priority rule (APR) by creditors, thus making it possible to explain this seemingly contradictory banking behavior in a consistent way. In Japan, the APR has often been violated legally by courts and some governmental acts. Examples from the 1990s involve legal abuse in the form of short-term tenancy protection (tanki chinshaku ken) and political intervention in the liquidation of Housing Loan Companies, or Ju-sen. The Supreme Court of Japan has issued critical decisions leading to serious violations of APR in the early 1990s. Evidence provided here supports theoretical results. Empirical testing for a significant difference in banking behavior before and after the Court decision using data from Japanese firms in the 1980s and 1990s found that theoretical arguments were empirically supportable in the last half of the 1980s and through the 1990s. Finally, based on their analysis, from the theoretical point of view the authors consider the optimal legal scheme to achieve the best assessment of initial and additional lending in light of the legal reform of the 2000s.

Available Colors
Available Sizes
1 Offer Price Range: $44.99 - $44.99
BEST PRICE

Single Product Purchase

$44.99
@ Link.springer.com     BUY Now

Price Comparison

Seller Contact Seller List Price On Sale Shipping Best Promo Final Price Volume Discount Financing Availability Seller's Page
BEST PRICE
1 Product Purchase
@ Link.springer.com
Contact Store Call Store Contact Support
$44.99 $44.99

$44.99
See Site In stock Visit Store

Similar Products

Algebraic Biology

$39.99

The Political Economy of Disney

$89.00

Computational Logic in Multi-Agent Systems

$54.99

Aging, Carcinogenesis, and Radiation Biology

$54.99

The Rise of Green Finance in Europe

$169.99

The Fiction of Josef kvoreck

$34.99

Concise Dictionary of Engineering

$109.99

Measuring User Engagement

$29.99

Soziale Dienstleistungspolitik

$44.99

Labster Virtual Lab Experiments: Genetics of Human Diseases

$29.99

Fault Injection Techniques and Tools for Embedded Systems Reliability Evaluation

$129.00

Advances in Coal Spectroscopy

$169.99

Children and Theatre in Victorian Britain

$39.99

Essays on Mathematical and Philosophical Logic

$169.00

Noncommutative Geometry and the Standard Model of Elementary Particle Physics

$109.99

Widerstandsmomente

$59.99

Intelligent Macromolecules for Smart Devices

$259.00

Hardware/Software Co-Design and Optimization for Cyberphysical Integration in Digital Microfluidic B

$109.99

Personalized Support in Youth Labor Market Policy

$79.99

Quo vadis? Leitungsinteressierte Frauen im Sozial- und Gesundheitswesen

$19.99

Psychoanalytic Process Research Strategies

$84.99

Experimental Studies of Shiftwork

$49.99

European Parliament Ascendant

$89.99

The Environmental Movement in Ireland

$109.99

Verfahrensprfstand fr das Bearbeiten mit Industrierobotern

$69.99

IT-Systeme wirtschaftlich verstehen und gestalten

$49.99

Practical Controversies in Medical Management of Stone Disease

$109.99

Space Science and Communication for Sustainability

$129.00

An Atlas of Rectal Endosonography

$54.99

Face Detection and Gesture Recognition for Human-Computer Interaction

$84.99

Handbook of Expert Systems Applications in Manufacturing Structures and rules

$39.99

Strategies and Technologies for Healthcare Information

$109.99

bungsbuch zur Analysis 1

$29.99

Managementaufgabe PPS-Einfhrung

$54.99

Mathematical Methods for Engineers and Scientists 1

$99.99

Energy Economics: A Modern Introduction

$169.99

The Lost Leaders

$54.99

Electronic Participation

$44.99

Fluid and Thermal Sciences

$54.99

Gender, Power and Higher Education in a Globalised World

$139.99