Corporate Restructuring During Performance Declines in Japan

@article{Kang1997CorporateRD,
  title={Corporate Restructuring During Performance Declines in Japan},
  author={Jun-Koo Kang and A. Shivdasani},
  journal={Journal of Financial Economics},
  year={1997},
  volume={46},
  pages={29-65}
}
  • Jun-Koo Kang, A. Shivdasani
  • Published 1997
  • Business
  • Journal of Financial Economics
  • This paper documents the restructuring of 92 Japanese corporations that experienced a substantial decline in operating performance during 1986 to 1990. We find that these Japanese firms implement a number of downsizing measures such as asset sales, plant closures, and employee layoffs. Firms also respond by expanding and diversifying their operations, as well as by restructuring their internal operations. Compared to a sample of US firms that experience a similar decline in operating… CONTINUE READING
    322 Citations

    References

    SHOWING 1-10 OF 46 REFERENCES