The Japanese Main Bank System: Its Relevance for Developing and Transforming Economies.
The Japanese Main Bank System: Its Relevance for Developing and Transforming Economies.
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日本主要银行体系：其与发展和转型经济体的相关性。
DOI：
10.1093/ej/107.440.235
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发表时间：
1997
期刊：
影响因子：
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通讯作者：
C. McKenzie
中科院分区：
文献类型：
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作者：
C. McKenzie
什么是主要银行？通常情况下，当一家日本大公司通过借款筹集资金时，它将通过事实上的贷款辛迪加同时从许多金融机构借款。在这些金融机构中，有一家将被称为主银行。主要银行是该公司的大型贷款人，通常也是最大的贷款人。它持有该公司的股权，在银行中将是最大的股权持有者。然而，主要银行与其他金融机构真正不同的是，预计它会监控公司的活动，当公司陷入困境时，它会干预公司的事务。正如青木、帕特里克和谢尔德所指出的那样，这种关系还有更多的东西，因为一家公司不需要借钱就能拥有主要的银行关系。它们对公司-主要银行关系的多维性质提供了详细的理论描述，这些关系取决于几个因素，包括公司的财务状况和规模。这一特征代表了对早期定义的重大进步。然而，正如Campbell和Hamao所说，这种特征可能意味着几乎所有的日本公司都有一家主要银行。
What is a main bank? Typically, when a large Japanese firm raises funds by borrowing, it will borrow from many financial institutions simultaneously through a de facto loan syndicate. Among these financial institutions, one will be called the main bank. The main bank is a large, often the largest, lender to the firm. It holds equity in the firm and among banks will be the largest equity holder. However, what really distinguishes the main bank from other financial institutions is that it is expected to monitor the firm's activities and when the firm gets into trouble to intervene in the firm's affairs. As Aoki, Patrick, and Sheard indicate there is more to the relationship, since a firm does not need to borrow to have a main bank relationship. They provide a detailed theoretical characterisation of the multidimensional nature of the firm-main bank relationship contingent on several factors including the financial state and size of the firm. This characterisation represents a significant advance on earlier definitions. However, as Campbell and Hamao suggest the characterisation may mean that almost all Japanese firms have a main bank.