Banking, Capital Markets and Corporate Governance

Front Matter....Pages i-x
Introduction....Pages 1-10
Front Matter....Pages 11-11
Liquidity Demand of the Corporate Sector and Soft Budget Constraint....Pages 13-30
Incentive Effects of Conditional Bank Recapitalisation: Lending and Disclosure of Non-Performing Loans....Pages 31-50
Injection of Public Funds into Banks under Deposit Insurance and Bank Regulation....Pages 51-84
Governance Structure of Banks and Their Business Performance....Pages 85-132
A Vacuum of Governance in Japanese Bank Management....Pages 133-180
Front Matter....Pages 181-181
Corporate Bankruptcy....Pages 183-203
Executive Option Plans and Incentives to Take Risk in Levered Firms: Equity Value or Firm Value Maximisation?....Pages 204-232
Does the Decision to Retain Retiring Executives on the Board of Directors Help to Control Agency Problems in American and Japanese Firms?....Pages 233-249
Front Matter....Pages 251-251
Viable Design of a Security with a Pre-existing Market....Pages 253-271
Investment, Security Design and Information....Pages 272-288
Front Matter....Pages 289-289
General Comments....Pages 291-295
Back Matter....Pages 297-306