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2001 Working Paper Series

No. Authors Title
2001-1 Masaharu Hanazaki and Akie Takeuchi An Internal Comparison of Corporate Investment Behavior -Some Implications for the Governance Structure in Japan-
2001-2 Katsuyuki Kubo The Determinants of Executive Compensation in Japan and the UK: Agency Hypothesis or Joint Determination Hypothesis?
2001-3 Katsuyuki Kubo Changes in Directors' Incentive Plans and the Performance of Firms in the UK
2001-4 Yupana Wiwattanakantang Controlling Shareholders and Corporate Value: Evidence from Thailand
2001-5 Katsuyuki Kubo The Effect of Managerial Ownership on Firm Performance: Case in Japan
2001-6 Didier Guillot and James R. Lincoln The Permeability of Network Boundaries: Strategic Alliances in the Japanese Electronics Industry in the 1990s
2001-7 Naohito Abe Ageing and its Macroeconomic Implications in Japan-
2001-8 Yupana Wiwattanakantang The Equity Ownership Structure of Thai Firms
2001-9 Megumi Suto Capital Structure and Investment Behaviour of Malaysian Firms in the 1990s--A study of Corporate Governance before the Crisis--
2001-10 Naohito Abe, Noel Gaston and Katsuyuki Kubo Executive Pay in Japan : The Role of Bank-Appointed Monitors and the Main BankRelationship
2001-11 Colin Mayer The Financing and Governance of New Technologies
2001-12 Masaharu Hanazaki and Akiyoshi Horiuchi Can the Financial Restraint Hypothesis Explain Japan's Postwar Experience?
2001-13 Shin-ichi Fukuda The Role of Long-term Loans for Economic Development: Empirical Evidence in Japan, Korea, and Taiwan
2001-14 S. Ghon Rhee Further Reforms of the JGB Market for the Promotion of Regional Bond Markets
2001-15

Stijn Claessens, Simeon Djankov,Joseph P. H. Fan and Larry H. P. Lang

The Benefits and Costs of Internal Markets: Evidence from Asia's Financial Crisis
2001-16 Kenneth A. Kim and John R. Nofsinger Institutional Herding, Business Groups, and Economic Regimes: Evidence from Japan
2001-17 Mitsuhiro Fukao Financial Deregulations, Weakness of Market Discipline, and Market Development: Japan's Experience and Lessons for Developing Countries
2001-18 Akio Kuroda and Koichi Hamada Towards an Incentive Compatible Financial System: Accounting and Managing the Non-Performing Loans
2001-19 Randall Morck and Bernard Yeung Japanese Economic Success and the Curious Characteristics of Japanese Stock Prices
2001-20 Miguel A. Garcia-Cestona Ownership Structure, Banks and the Role of Stakeholders: The Spanish Case
2001-21 Joseph P. H. Fan and T. J. Wong Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia
2001-22 Heather Montgomery The Effect of the Basel Accord on Bank Lending in Japan
2001-23 Naoyuki Yoshino, Sahoko Kaji, and Ayako Suzuki The Basket-peg, Dollar-peg and Floating--A Comparative Analysis of Exchange Rate Regimes
2001-24 Colin Mayer, Koen Schoors and Yishay Yafeh Sources of Funds and Investment Strategies of Venture Capital Funds: Evidence and Yishay Yafeh from Germany, Israel, Japan and the UK
2001-25 Yukinobu Kitamura, Megumi Suto and Juro Teranishi Reflections on New Financial System in Japan: Participation Costs, Wealth Distribution, and Security Market-Based Intermidiation