The private placement market is an important source of long-term funds for U.S. corporations. Nonetheless, it has received relatively little attention in the financial press or the academic literature, partly because of the nature of the instrument itself. In particular, a private placement is a...

Based on weighted and unweighted averages of concentration ratios and the Herfindahl index for 436 sectors, the number of concentrated industries, and time trends, the structure of the Japanese economy proves highly oligopolistic over the 1983-92 period. Regression results show that...

Based on the few studies in their 2009 literature review, Craig, Jackson, and Thomson find that the economic impact of SBA loans on regional economic performance is positive, albeit small This study analyzes the relationships between economic performance and SBA lending using a panel of...

This paper evaluates and extends earlier studies by Sakakibara and Porter (2001) and by Doi (2001) on the market share instability of leading Japanese firms. Using the data set provided by Sakakibara and Porter, I reexamine the determinants of market share instability, correct some empirical...

This paper reexamines a 1999 study by Abrams, Clarke, and Settle (ACS) which finds that, for the 1950-80 period, state-level economic growth is positively and significantly related to financial depth but is not influenced by banking restrictions and fiscal policy variables. The study focuses on...