|
| << vorige | volgende >> |
Tijdschrift beschrijving
Alle jaargangen van het bijbehorende tijdschrift
Alle afleveringen van het bijbehorende jaargang
Alle artikelen van de bijbehorende aflevering
Details van artikel 76 van 142 gevonden artikelen
| Titel: |
Managerial objectives in Japanese banking: a test of the expense preference hypothesis |
| Auteur: |
Izawa, Hiroshi Tsutsui, Yoshiro |
| Verschenen in: |
Applied financial economics |
| Paginering: | Jaargang 8 (1998) nr. 1 pagina's 89-99 |
| Jaar: |
1998-02-01 |
| Inhoud: |
Starting from the argument that profits are not paramount for Japanese banks, their managerial objectives are investigated by testing the expense preference hypothesis (EPH). The validity is questioned for previous studies which tested EPH as a joint hypothesis with the market structure performance hypothesis and/or the hypothesis that organizational structures have an effect on the presence of an expense preference because of their assumption of the linear utility function. The method adopted in most of these studies is shown to be invalid when the utility functions are not linear. A valid method is proposed which can test EPH as a single hypothesis. Empirical results show (1) the restriction of the linearity on the utility function is rejected, implying that the previous method is invalid and (2) neither profit maximization nor expense preference behaviour is found in Japanese banking. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 76 van 142 gevonden artikelen
| << vorige | volgende >> |