Network Structures and Credit Risk in the Cross-Shareholdings Among Listed Japanese Companies

2016 ◽  
Author(s):  
Masayasu Kanno
Keyword(s):  
Credit Risk ◽  
Network Structures ◽  
The Cross ◽  
Japanese Companies ◽  
Cross Shareholdings

scholarly journals Growth options, macroeconomic conditions, and the cross section of credit risk

2013 ◽  
Vol 107 (2) ◽  
pp. 350-385 ◽  
Author(s):  
Marc Arnold ◽  
Alexander F. Wagner ◽  
Ramona Westermann
Keyword(s):  
Credit Risk ◽  
Cross Section ◽  
Growth Options ◽  
Macroeconomic Conditions ◽  
The Cross

scholarly journals Divestment management buy-outs in Japan: performance, governance, and business strategies of seller firms

2009 ◽  
Vol 7 (2) ◽  
pp. 244-259
Author(s):  
Shinya Kawamoto ◽  
Takashi Saito
Keyword(s):  
Corporate Governance ◽  
Poor Performance ◽  
Corporate Restructuring ◽  
Parent Company ◽  
Business Strategies ◽  
Business Units ◽  
Management Buyouts ◽  
Japanese Companies ◽  
Parent Companies ◽  
Cross Shareholdings

This study has examined cases of management buyouts (MBOs), which have been increasing rapidly in number since around 2000. First, an overview of MBO practices is provided, indicating the beginning of an increase in divestment-type MBOs as a new means to implement corporate restructuring. Subsequently, the factors used by Japanese companies to decide on whether to pursue divestment MBO were analyzed while particularly addressing the parent companies––the sellers of the business units. Results suggest the following factors leading to the parent company divestment of subsidiaries and business units through MBOs: 1) poor performance of the business of the parent company, 2) high debt-to-asset ratio (debt reliance) of the parent company, 3) wide diversification of parent company operations, and 4) active reorganization of the parent company’s corporate group. The structure of corporate governance also affects MBO trends, indicating that 5) companies for which shareholding ratios of institutional investors and directors are high are more likely to implement a divestment MBO. Conversely, 6) companies that are protected by cross-shareholdings are less likely to implement corporate restructuring.

scholarly journals Credit Risk Contagion and Systemic Risk on Networks

Mathematics ◽  
2019 ◽  
Vol 7 (8) ◽  
pp. 713 ◽  
Author(s):  
Marina Dolfin ◽  
Damian Knopoff ◽  
Michele Limosani ◽  
Maria Gabriella Xibilia
Keyword(s):  
Credit Risk ◽  
Systemic Risk ◽  
Small World ◽  
Financial Networks ◽  
Network Structures ◽  
Small World Networks ◽  
Underlying Network ◽  
Credit Risk Contagion ◽  
Long Term Behavior

This paper proposes a model of the dynamics of credit contagion through non-performing loans on financial networks. Credit risk contagion is modeled in the context of the classical SIS (Susceptibles-Infected-Susceptibles) epidemic processes on networks but with a fundamental novelty. In fact, we assume the presence of two different classes of infected agents, and then we differentiate the dynamics of assets subject to idiosyncratic risk from those affected by systemic risk by adopting a SIIS (Susceptible-Infected1-Infected2-Susceptible) model. In the recent literature in this field, the effect of systemic credit risk on the performance of the financial network is a hot topic. We perform numerical simulations intended to explore the roles played by two different network structures on the long-term behavior of assets affected by systemic risk in order to analyze the effect of the topology of the underlying network structure on the spreading of systemic risk on the structure. Random graphs, i.e., the Erdös–Rényi model, are considered “benchmark” network structures while core-periphery structures are often indicated in the literature as idealized structures, although they are able to capture interesting, specific features of real-world financial networks. Moreover, as a matter of comparison, we also perform numerical experiments on small-world networks.

The Effects of Hanging Microbe Coagulation Natural Rubber on Molecular Structures and Mechanical Properties

2012 ◽  
Vol 581-582 ◽  
pp. 715-718
Author(s):  
Jin Feng Li ◽  
Mao Fang Huang ◽  
Jian He Liao ◽  
Pu Wang Li ◽  
Tian Ming Gao
Keyword(s):  
Mechanical Properties ◽  
Natural Rubber ◽  
Dynamic Mechanical Properties ◽  
Molecular Structures ◽  
Network Structures ◽  
Dynamic Mechanical ◽  
Universal Testing ◽  
Aging Resistance ◽  
The Cross

In this study, the cross-linked network structures, dynamic mechanical properties and Po、PRI of microbe coagulated natural rubber (NR) samples were analyzed. And mechanical properties of the corresponding NR vulcanizates were further determined by universal testing machines. The results show that the NR of aging resistance increased with the cycle of hanging.When hanged 14 days,the PRI and P0 were 85 and 36.6. With the cycle of hanging rising, NR raw rubber of cross-linked density increased,and had good dynamic mechanical properties as compared with that hanged 0 days.

scholarly journals The Cross-Section of Credit Risk Premia and Equity Returns

2012 ◽  
Author(s):  
Nils Friewald ◽  
Christian Wagner ◽  
Josef Zechner
Keyword(s):  
Credit Risk ◽  
Cross Section ◽  
Risk Premia ◽  
Equity Returns ◽  
The Cross

scholarly journals Growth Options, Macroeconomic Conditions and the Cross-Section of Credit Risk

2012 ◽  
Author(s):  
Marc Arnold ◽  
Alexander F. Wagner ◽  
Ramona Westermann
Keyword(s):  
Credit Risk ◽  
Cross Section ◽  
Growth Options ◽  
Macroeconomic Conditions ◽  
The Cross

scholarly journals The Cross-Section of Credit Risk Premia and Equity Returns

2014 ◽  
Vol 69 (6) ◽  
pp. 2419-2469 ◽  
Author(s):  
NILS FRIEWALD ◽  
CHRISTIAN WAGNER ◽  
JOSEF ZECHNER
Keyword(s):  
Credit Risk ◽  
Cross Section ◽  
Risk Premia ◽  
Equity Returns ◽  
The Cross

Influence of cross-linker concentration on the cross-linking of PDMS and the network structures formed

Polymer ◽  
2009 ◽  
Vol 50 (16) ◽  
pp. 3955-3966 ◽  
Author(s):  
A.C.C. Esteves ◽  
J. Brokken-Zijp ◽  
J. Laven ◽  
H.P. Huinink ◽  
N.J.W. Reuvers ◽  
...  
Keyword(s):  
Cross Linking ◽  
Network Structures ◽  
Cross Linker ◽  
The Cross
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