Firm dynamics in Japan
Abstract/Contents
- Abstract
- In this study, we theoretically and empirically investigate firm dynamics in Japan. The first chapter analyzes the mechanism of firm size distribution. We show that entry barriers to markets and the fixed cost of introducing a new product in new markets make high-productivity firms sell more products in more markets, which increases firm size heterogeneity. The second and third chapters analyze how financial contract specifications, namely personal guarantees, affect corporate strategies, such as business successions and risk-taking. We use the 2014 Japanese policy reform as a natural experiment and show that the removal of personal guarantees greatly affected corporate succession strategies and risk-taking behaviors.
Description
| Type of resource | text |
|---|---|
| Form | electronic resource; remote; computer; online resource |
| Extent | 1 online resource. |
| Place | California |
| Place | [Stanford, California] |
| Publisher | [Stanford University] |
| Copyright date | 2022; ©2022 |
| Publication date | 2022; 2022 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Author | Shibuya, Yoko |
|---|---|
| Degree supervisor | Klenow, Peter J |
| Thesis advisor | Klenow, Peter J |
| Thesis advisor | Bagwell, Kyle |
| Thesis advisor | Hoshi, Takeo |
| Degree committee member | Bagwell, Kyle |
| Degree committee member | Hoshi, Takeo |
| Associated with | Stanford University, Department of Economics |
Subjects
| Genre | Theses |
|---|---|
| Genre | Text |
Bibliographic information
| Statement of responsibility | Yoko Shibuya. |
|---|---|
| Note | Submitted to the Department of Economics. |
| Thesis | Thesis Ph.D. Stanford University 2022. |
| Location | https://purl.stanford.edu/xm698dr8653 |
Access conditions
- Copyright
- © 2022 by Yoko Shibuya
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
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