Ono, Arito; Uchida, Hirofumi; Udell, Gregory; Uesugi, … - Center for Interfirm Network, Institute of Economic Research - 2013
Using a unique micro dataset compiled from official real estate registries in Japan, we examine the evolution of loan-to-value … (LTV) ratios for business loans over the 1975 to 2009 period, the determinants of these ratios, and the ex post performance …