Japanese Firms During the Lost Two Decades - The Recovery of Zombie Firms and Entrenchment of Reputable Firms (Paperback, 1st ed. 2017)

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.

General

Imprint:	Springer Verlag,Japan
Country of origin:	Japan
Series:	SpringerBriefs in Economics
Release date:	August 2016
First published:	2017
Authors:	Junichi Nakamura
Dimensions:	235 x 155 x 4mm (L x W x T)
Format:	Paperback
Pages:	73
Edition:	1st ed. 2017
ISBN-13:	978-4-431-55916-0
Categories:	Books > Business & Economics > Finance & accounting Books > Business & Economics > Business & management Books > Business & Economics > Finance & accounting > Finance Books > Business & Economics > Business & management > General Books > Business & Economics > Finance & accounting > Finance > General Books > Money & Finance > General Books > Business & Economics > Promotions
LSN:	4-431-55916-7
Barcode:	9784431559160

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!