In 2006, the Korean government introduced affirmative action (AA) policies in the private sector in order to promote women's entry into the labor force and also to better utilize their talents. Through this effort, women's employment rates as well as the proportion of women in managerial...

This paper examines the impact of business cycles and monetary policy on bank loan supply. To this end, we use a unique firm-bank match-level dataset covering listed firms in Japan that allows us to control for firms' time-varying unobservable loan demand and endogenous bank-firm matching, so...

This study investigates how the structure of a supply chain network in the domestic market influences the foreign direct investment (FDI) decisions of firms embedded in the network. We first describe the binary choice of firms on whether to invest through a coordination game of a fixed network...

In this paper, we estimate the wage structure of Japanese care workers, using micro datasets from the survey of care workers (Kaigo Rodo Jittai Chosa). We focus our discussion especially on the impact of acquiring a certificate of qualification and the department from which the person graduated...

Recently in Japan, depressed domestic demand, a spurt of economic activities in the emerging markets, and the aftermath of the disaster in 2011 have accelerated the overseas operations of large firms. However, the overseas expansion of small- and medium-sized enterprises (SME) has been limited,...

This paper verifies the policy impacts of introducing foreign capital to promote industrial development from the perspective of industrial agglomeration in China. There are two analyses; the first is on the high-tech industry in Zhongguancun, called the Chinese Silicon Valley, and the second...

This study investigates the localization of establishment-level knowledge creation by using data from the Japanese patent database. Using distance-based methods, we obtained the following results. First, Japanese patent-creating establishments are significantly localized at the 5% level, with...

A firm's choice of location is very important because it reveals the firm's dynamics. Using a unique firm-level data set, we examine whether and how the presence of incumbent transaction partners (i.e., suppliers, customers, and lender banks) affects this choice. To this end, we focus on those...

In this paper, we investigate whether natural selection works for firm exit after a massive natural disaster. By using a unique data set of more than 84,000 firms after the Tohoku Earthquake, we examined the impact of firm efficiency on firm bankruptcy both inside and outside of the...

Inward foreign direct investment (FDI) in Japan is expected to contribute to the Japanese economy, but an empirical analysis on its causes and consequences has not been widely conducted partly because of a lack of comprehensive panel data on foreign firms. This paper seeks to construct a panel...