事業再生と金融機能の変化(鬼塚光政教授追悼号)

概要

論文の詳細を見る
Recently it has been an important role of Japanese banks to help business revitalization of debtor companies. Japanese banks have been forced to utilize equity related financing scheme such as DES (Debt Equity Swap) and DDS (Debt-Debt Swap) in place of non-performing loan to companies with excessive debt. It includes a possibility of changing the traditional banking credit function based on a certainty for withdrawal of loan. Equity related financing scheme is a kind of investment and its return is not secured. After the financial crises in the head of 21 century Japanese banks have faced to the necessity of new financial paradigm and started to expand equity related schemes gradually. In addition Financial Agency Service has urged Japanese banks to utilize equity related financing schemes particularly in order to promote business revitalization of SMEs. However it is not easy to launch equity related financing schemes into the current banking system in Japan. A few realistic issues should be resolved.
桃山学院大学の論文
2007-03-30