Article ID Journal Published Year Pages File Type
965102 Journal of the Japanese and International Economies 2012 23 Pages PDF
Abstract
► Japan's bank recapitalization program required large cuts on employee sizes. ► We investigate whether banks under recapitalization shifted employees to subsidiaries to boost appearance of compliance. ► The sample consists of a panel of 82 regional banks 1994-2006. ► We found four banks shifted personnel to subsidiaries but only temporarily. ► Overall the program provided sufficient incentives to conduct layoffs.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Capital injection, restructuring targets and personnel management: The case of Japanese regional banks
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