Akiyoshi, Fumio; Kobayashi, Keiichiro - In: Japan and the World Economy 22 (2010) 3, pp. 141-150
We investigate the effects of bank distress on the productivity of borrowing firms by using data on listed companies in the Japanese manufacturing industry during the 1990s. We find that deterioration in the financial health of banks, which is measured by a decline in the capital-asset ratio,...
