Do Managers of Mutual Institutions Choose Efficiency-Improving Mergers? The Recent Experience of Japanese Credit Associations

The IUP Journal of Bank Management, Vol. 9, Nos. 1 & 2, pp. 7-11, February & May 2010

Posted: 17 May 2010

See all articles by Nobuyoshi Yamori

Nobuyoshi Yamori

Kobe University - Research Institute for Economics & Business Administration

Kozo Harimaya

Sapporo Gakuin University

Date Written: May 14, 2010

Abstract

Because of the unique corporate governance feature of mutual institutions, managers are expected to maximize their own interests at the expense of other stakeholders’ interests. However, this study finds that managers of Japanese mutual banks do not behave as suggested.

Suggested Citation

Yamori, Nobuyoshi and Harimaya, Kozo, Do Managers of Mutual Institutions Choose Efficiency-Improving Mergers? The Recent Experience of Japanese Credit Associations (May 14, 2010). The IUP Journal of Bank Management, Vol. 9, Nos. 1 & 2, pp. 7-11, February & May 2010, Available at SSRN: https://ssrn.com/abstract=1607619

Nobuyoshi Yamori (Contact Author)

Kobe University - Research Institute for Economics & Business Administration ( email )

2-1, Rokkodai cho
Nada-ku
Kobe, 657-8501
Japan

Kozo Harimaya

Sapporo Gakuin University ( email )

Sapporo 062-8520
United States

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