Changing Patterns of Corporate Financing and the Main Bank System in Japan

16 February 1995

book chapter
Published by Oxford University Press (OUP)

p. 325-350
https://doi.org/10.1093/0198288999.003.0010

Abstract

This chapter examines the changing capital structure of Japanese corporations. It is argued that the main bank system continues to play an important role in Japanese corporate finance. Two types of Japanese firms are identified: firms with main banks that continue to rely on bank debt and guaranteed bond issues, and unaffiliated firms that have turned to non-guaranteed bond issues and innovative debt instruments such as warrant convertible bonds.

Keywords

JAPANESE MAIN BANK SYSTEM
CORPORATE FINANCING
CAPITAL STRUCTURE
BANK DEBT
BONDS
DEBT INSTRUMENTS

This publication has 0 references indexed in Scilit: