000			02149nam a22003734a 4500
001			WPIEA2022001
003			IMF
005			20190405161559.0
006			m o d
007			cr cn|||||||||
008			020129s2001 dcu o i00 0 eng d
020			_a1451874405 : _c15.00 USD
020			_z9781451874402
022			_a1018-5941
024	7		_a10.5089/9781451874402.001 _2doi
035			_a(IMF)WPIEA2022001
040			_aDcWaIMF _beng
100	1		_aChan-Lau, Jorge A.
245	1	0	_aCorporate Restructuring in Japan _h[electronic resource] : _bAn Event-Study Analysis / _cJorge A Chan-Lau.
260			_aWashington, D.C. : _bInternational Monetary Fund, _c2001.
300			_a1 online resource (15 p.)
490	1		_aIMF Working Papers; Working Paper ; _vNo. 01/202
520	3		_aThe implementation of the Commercial Rehabilitation Law (CRL) on April 1, 2000 was considered a key event in setting up the official infrastructure supporting corporate restructuring in Japan. This study evaluates the stock price impact of restructuring announcements before and after the CRL implementation using event-study analysis. Following the CRL implementation, the results suggest an improvement in market credibility of restructuring announcements based on improvements in disclosure, mergers, and to a lesser extent, labor force reductions. In contrast, credibility of restructuring announcements aimed at reducing excess capital deteriorated.
588			_aDescription based on print version record.
650		7	_aCorporate Restructuring _2imf
650		7	_aEvent-Study Analysis _2imf
650		7	_aShareholders _2imf
650		7	_aStock Price _2imf
650		7	_aStock Prices _2imf
651		7	_aJapan _2imf
776	0	8	_iPrint Version: _aChan-Lau, Jorge A. _tCorporate Restructuring in Japan : An Event-Study Analysis _dWashington, D.C. : International Monetary Fund, 2001. _z9781451874402
830		0	_aIMF Working Papers; Working Paper ; _vNo. 01/202
856	4	0	_uhttp://elibrary.imf.org/view/IMF001/01386-9781451874402/01386-9781451874402/01386-9781451874402.xml _zIMF e-Library
856	4	0	_uhttp://www.imfbookstore.org/IMFORG/9781451874402 _zIMF Book Store
999			_c150577 _d150577