Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10010378784
This paper provides a brief explanation of the Japanese public credit guarantee system and analyzes what role it played during the global financial crisis. The author conducted a questionnaire survey of small and medium-sized enterprises (SMEs) in Aichi Prefecture, the prefecture most seriously...
Persistent link: https://www.econbiz.de/10010492379
In June 2005, a questionnaire survey was sent to 9000 companies in the Kansai Area (Osaka, Kyoto and Hyogo), the second largest economic block in Japan, with 2041 companies responding. This article introduces the results of this questionnaire survey. The greatest feature of this study is that,...
Persistent link: https://www.econbiz.de/10003321293
Persistent link: https://www.econbiz.de/10003708833
After the global financial crisis, the Japanese government enacted the Financing Facilitation Act in 2009 to help small and medium-sized enterprises (SMEs) that had fallen into unprofitable conditions. Under this law, when troubled debtors asked financial institutions to ease repayment...
Persistent link: https://www.econbiz.de/10012022197
This paper reports a survey result conducted in May 2012. We sent a questionnaire to 3,000 small and medium-sized enterprises (SMEs), whose main business sector is manufacture and which locate in Aichi Prefecture, one of the largest economic regions in Japan. 803 SMEs answered this...
Persistent link: https://www.econbiz.de/10011259475
The current literature on SME loan underwriting assumes that banks use just one of two lending technologies: relationship lending for opaque SMEs and transactions-based lending for relatively transparent SMEs. Recent work has departed from this view and hypothesizes that banks use a variety of...
Persistent link: https://www.econbiz.de/10014026258
The question of whether more competition among banks increases relationship banking, which is predicted to improve credit availability for informationally opaque firms in theory, is a controversial issue in the banking literature. By using firm-level survey data in Japan, this paper provides...
Persistent link: https://www.econbiz.de/10013155639
Previous research suggests that loan officers may play a critical role in relationship lending by producing soft information about SMEs. For the first time, we analyze this hypothesis and find empirical evidence that indicates that loan officer activities are associated with bank production of...
Persistent link: https://www.econbiz.de/10013067014
This paper empirically investigates how banks evaluate the creditworthiness of small- and medium-sized enterprises (SMEs). Following SME loan underwriting literature that distinguishes among different lending technologies, we test whether the typical SME bank loan is underwritten primarily based...
Persistent link: https://www.econbiz.de/10013068828