Ogawa, Kazuo; Tanaka, Takanori - In: Small Business Economics 41 (2013) 2, pp. 401-417
In this paper, we examine the nature of the shocks that hit the small- and medium-sized enterprises (SMEs) in Japan during the global financial crisis that occurred in the wake of the massive number of non-performing subprime loans in the U.S. We examine how the SMEs responded to the shocks,...