Overview
This project aims to set policy-oriented research agenda on corporate finance, banking, and firm dynamics and implement empirical studies on them. The policy-oriented research agenda includes the (1) role of the public sector in the loan market, (2) startups and exits of firms, (3) measurement of the cost and benefit of financial intermediaries in Japan, (4) role of real estate in the financial market, and (5) role of interfirm networks and the propagation of financial shocks.
July 14, 2017 - June 30, 2019
Major Research Results
2019
RIETI Discussion Papers
- 19-E-108
"Speedy Bankruptcy Procedures and Bank Bailouts" (UEDA Kenichi) - 19-E-103
"Using Machine Learning to Detect and Forecast Accounting Fraud" (KONDO Satoshi, MIYAKAWA Daisuke, SHIRAKI Kengo, SUGA Miki and USUKI Teppei) - 19-E-087
"The Effect of Physical Collateral and Personal Guarantees on Business Startups" (HONJO Yuji, ONO Arito and TSURUTA Daisuke) - 19-E-051
"Exit of Small Businesses: Differentiating between Insolvency, Voluntary Closures and M&A" (Peng XU) - 19-E-047
"Lack of Successors, Firm Default, and the Performance of Small Businesses" (TSURUTA Daisuke) - 19-E-043
"Damage to the Transportation Infrastructure and Disruption of Inter-firm Transactional Relationships" (HOSONO Kaoru, MIYAKAWA Daisuke, ONO Arito, UCHIDA Hirofumi and UESUGI Iichiro) - 19-J-039
"Using Machine Learning to Detect and Predict Corporate Accounting Fraud" (USUKI Teppe, KONDO Satoshi, SHIRAKI Kengo, SUGA Miki and MIYAKAWA Daisuke)
2018
RIETI Discussion Papers
- 19-E-011
"Geography and Realty Prices: Evidence from International Transaction-Level Data" (MIYAKAWA Daisuke, SHIMIZU Chihiro and UESUGI Iichiro) - 19-E-009
"Why Is Investment So Weak Despite High Profitability? A panel study of Japanese manufacturing firms" (OGAWA Kazuo, Elmer STERKEN and TOKUTSU Ichiro) - 19-E-007
"Disentangling the Effect of Home Ownership on Household Stock-holdings: Evidence from Japanese microdata" (IWAISAKO Tokuo, ONO Arito, SAITO Amane and TOKUDA Hidenobu) - 19-E-004
"Credit Reallocation, Firm Size, and Productivity" (SAKAI Koji and UESUGI Iichiro) - 18-E-086
"Did BOJ's Negative Interest Rate Policy Increase Bank Lending?" (GUNJI Hiroshi) - 18-E-048
"Reallocation of Tangible Assets and Productivity" (UESUGI Iichiro, HOSONO Kaoru, MIYAKAWA Daisuke, ONO Arito and UCHIDA Hirofumi) - 19-J-007
"Current Status of Startup Firms and Startup Finance in Japan" (UCHIDA Hirofumi and Charee KWAK)