Capital Injection, Restructuring Targets and Personnel Management: The Case of Japanese Regional Banks
Capital Injection, Restructuring Targets and Personnel Management: The Case of Japanese Regional Banks
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注资、重组目标与人员管理：以日本地方银行为例
DOI：
10.2139/ssrn.1888771
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发表时间：
2011
期刊：
影响因子：
--
通讯作者：
David Vera
中科院分区：
文献类型：
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作者：
Kazuki Onji;J. Corbett;David Vera
Hoshi and Kashyap（2005）对日本银行的资本重组进行了案例研究，发现有一家银行通过将员工转移到子公司，夸大了裁员的进度。这篇文章问资本重组计划是否存在设计缺陷。我们专注于区域银行，拥有81家银行集团的独特面板数据集，使我们能够观察1994-2006财年期间子公司以及母银行的就业水平。我们估算了一个缓慢调整的劳动力需求方程，以比较公共资本接受者和其他银行的就业模式。结果表明，将人员转移到子公司是接受大量资本注入的银行的共同反应。我们的发现突出了当一个国家对解雇有严格的法律时，重建计划和劳动法之间的紧张关系。
A case study of the Japanese bank recapitalization by Hoshi and Kashyap (2005) identified a bank that overstated the progress of required personnel downsizing by shifting employees to subsidiaries. This paper asks if the recapitalization program had a design flaw. We focus on regional banks with a unique panel dataset of 81 banking groups that allows us to observe the employment levels of subsidiaries, in addition to those of parent banks, over fiscal 1994–2006. We estimate a labor-demand equation with sluggish adjustment to compare the employment patterns of public capital recipients and other banks. The result indicates that the shuffling of personnel to subsidiaries was a common response among banks that received large capital injections. Our finding highlights a tension between a reconstruction program and labor law when a country has a tight law on dismissal.
日本银行资本重组政策的有效性
DOI：
--
发表时间：
2009
期刊：
Japan and the World Economy 21
影响因子：
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作者：
Montgomery;H. and Shimizutani;S.
通讯作者：
S.