DID Japanese main banks improve the technical efficiencies of their non-financial client firms in the 1980s? |
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| Authors: | Luke Gower Kali Kalirajan |
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| Affiliation: | a Australia–Japan Research Centre, The Australian National UniversityCanberra ACT 0200Australia;b Research School of Pacific and Asian Studies, The Australian National UniversityCanberra ACT 0200Australia |
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| Abstract: | This paper tests the hypothesis that the Japanese main bank system was not effective in enhancing technical efficiency in the non-financial corporate sector in the 1980s. Technical efficiency is defined as the ratio of a firm's actual to its potential output for given input levels and technology. During the eighties, it did not improve consistently and significantly in Japanese manufacturing firms which have close ties to a main bank. |
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| Keywords: | Main banks |
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