Banks, Ownership Structure, and Firm Value in Japan

By Randall K. Morck, Masao Nakamura, A. Shivdasani. 2000

448 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/c259674329cac4609199c6611e7fd1158371a9dc

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Citations in the corpus

The Internal Capital Markets of Business Groups: Evidence from Intra-Group Loans (2014, unknown): “As a robustness check we adjust Tobin’s Q with a methodology similar to Morck, Nakamura, and Shivdasani (2000).”
Corporate Stability and Economic Growth (2003, unknown): “See Lenway et al. (1996) and Morck et al. (2000) for empirical evidence of the importance of openness in this context.”
Institutional Ownership and Firm Performance under Stakeholder-Oriented Corporate Governance (2020, methodology): “Domestic Total ownership of domestic shareholders such as main banks, and cross and dominant shareholdings; percentage of main bank shareholdings [51]; Percentage of cross-shareholdings with other publicly-held companies that are permitted to hold their shares is calculated by the NLI Research Insti”
Adoptive Expectations: Rising Sons in Japanese Family Firms (2013, unknown): “This threefold competitive disadvantage readily explains the subpar performance of inherited family firms observed in the U.S. (Morck et al. 1988; Perez-Gonzalez, 2006; Villalong and Amit, 2007; Miller et al. 2007), Canada (Morck et al. 2000), Denmark (Bennedsen et al. 2007), and other countries (Be”
Generalized Least Squares Model Averaging (2016, unknown): “The choice of our 34 predictors is motivated by existing Japanese studies on corporate governance, including those of Lichtenberg and Pushner (1994), Morck et al. (2000), Gupta et al. (2009), and Faleye et al. (2011).”
The impact of corporate governance on corporate performance: Evidence from Japan (2008, methodology): “1 See, for example, Kang and Shivdasani (1995), Kaplan and Minton (1994), Kato and Kubo (2006), and Morck et al. (2000).”
Ownership structure and earnings informativeness: Evidence from Korea (2002, background): “Further, Morck, Nakamura, and Shivdasani (2000) show that there is a certain relationship between main bank ownership and corporate performance.”
Japanese Economic Success and the Curious Characteristics of Japanese Stock Prices (2001, methodology): “Intriguingly, using the market model R2 measure of Morck et al. (2000), he also finds that capital is allocated more efficiently in countries whose stock prices more asynchronously.”