ترجمه مقاله نقش ضروری ارتباطات 6G با چشم انداز صنعت 4.0
- مبلغ: ۸۶,۰۰۰ تومان
ترجمه مقاله پایداری توسعه شهری، تعدیل ساختار صنعتی و کارایی کاربری زمین
- مبلغ: ۹۱,۰۰۰ تومان
Abstract
Banks play an important role in the Japanese economy. This paper addresses some recent changes in Japanese banking industry over the past decade by focusing on the ownership structure of Japanese commercial banks. Ownership type, concentration and shareholder network are investigated to explore the structural changes and further demonstrate their effects on bank performance.
Conclusions
This paper concentrates on ownership structure in Japanese banking industry: its evolution over the past decade and its effect on bank performance. The banking corporations maintain their absolute control over the Japanese commercial banks, and the recent increase in equity shares indicates a stronger control or more capital injection11 . The insurance companies keep their stable position in holding the relatively stable percent of bank equities. The MPTs tend to increase their shareholding and raise their influence. Meanwhile, bank equity shares are more concentrated. The temporal variation in the shareholder network also shows the changes in ownership structure. The average path length experienced a decrease in 2010 but later an increase in 2015, indicating the unwinding of cross-shareholding that may be caused by liquidity crunch in the financial crisis (selling bank equity shares for cash to finance business or reduce risk exposure). Moreover, the effects of ownership structure on bank performance are investigated from ownership type, concentration and shareholder network. To some extent, these ownership structural characteristics demonstrate their effects on bank performance with mixed empirical results. The insurance company as the first largest shareholder can influence bank performance. The effect of shareholder network on bank performance is two-sided since there exist benefits and risks in the network, such as information sharing and collusion, both of which result from the close relationship between the banks and their shareholders. Limitation about this research is the sample that only includes Japanese commercial banks. It deserves more efforts to extend this sample and encompass more Japanese banking corporations.