Jump to ContentJump to Main Navigation
Corporate Governance in JapanInstitutional Change and Organizational Diversity$
Users without a subscription are not able to see the full content.

Masahiko Aoki, Gregory Jackson, and Hideaki Miyajima

Print publication date: 2007

Print ISBN-13: 9780199284511

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199284511.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 18 September 2018

Corporate Governance in Financial Distress: The New Role of Bankruptcy 1

Corporate Governance in Financial Distress: The New Role of Bankruptcy 1

Chapter:
(p.179) 6 Corporate Governance in Financial Distress: The New Role of Bankruptcy1
Source:
Corporate Governance in Japan
Author(s):

Peng Xu

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199284511.003.0006

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.

Keywords:   Japanese economy, bankruptcy, Civil Rehabilitation firms, Corporate Reorganization firms

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .