Overview
This project aims to set a policy-oriented research agenda focusing on corporate finance, banking, and firm dynamics and to implement empirical studies on them. The research issues include (1) Role of commitment by the public sector in the loan market, (2) Role of the financial sector in firms' entry and exit, (3) Functions of financial intermediation and inter-firm transaction relationships, and (4) Impact of economic policy uncertainty on the behavior of firms and banks.
November 11, 2019 - October 31, 2021
Major Research Results
2021
RIETI Discussion Papers
- 21-E-092
"We Are Alike: Capital Structure of Japanese SMEs Across Prefectures" (Huseyin OZTURK and YASUDA Yukihiro) - 21-E-091
"Population Aging and Small Business Exits" (XU Peng) - 21-E-089
"Does Trade Credit Absorb Adverse Shocks?" (TSURUTA Daisuke and UCHIDA Hirofumi) - 21-E-083
"Distant Lending for Regional Small Businesses Using Public Credit Guarantee Schemes: Evidence from Japan" (TSURUTA Daisuke) - 21-E-069
"Effects of Economic Policy Uncertainty on Corporate Investment and Strategic Cash Holdings: Evidence from Japan" (FUJITANI Ryosuke, HATTORI Masazumi and YASUDA Yukihiro) - 21-E-068
"Technical Inefficiency and Firm Behavior: A Panel Study of Small and Medium Japanese Manufacturing Firms" (OGAWA Kazuo) - 21-E-066
"The Size of Micro-originated Aggregate Fluctuations: An analysis of firm-level input-output linkages in Japan" (ARATA Yoshiyuki and MIYAKAWA Daisuke) - 21-J-049
"Using Sparse Modeling to Detect Accounting Fraud" (USUKI Teppei, KONDO Satoshi, SHIRAKI Kengo, MASADA Takahiro, SUZAKI Kosuke and MIYAKAWA Daisuke) - 21-J-048
"Long-run Unit Cost of Financial Intermediation in Japan" (GUNJI Hiroshi, ONO Arito, SHIZUME Masato, UCHIDA Hirofumi and YASUDA Yukihiro) - 21-J-047
"Liquidity Creation Measures for Banks in Japan" (GUNJI Hiroshi, ONO Arito, SHIZUME Masato, UCHIDA Hirofumi and YASUDA Yukihiro) - 21-J-029
"Firms' Responses and Policy Measures to the COVID-19 Pandemic: An analysis based on a firm survey" (UESUGI Iichiro, ONO Arito, HONDA Tomohito, ARAKI Shota, UCHIDA Hirofumi, ONOZUKA Yuki, KAWAGUCHI Daiji, TSURUTA Daisuke, FUKANUMA Hikaru, HOSONO Kaoru, MIYAKAWA Daisuke, YASUDA Yukihiro and YAMORI Nobuyoshi)
2020
RIETI Discussion Papers
- 20-E-060
"Listing Advantages Around the World" (UEDA Kenichi and Somnath SHARMA) - 20-E-029
"Differences in the Usage of Credit Guarantees Across Banks" (Xiuwei TANG and UCHIDA Hirofumi) - 20-J-020
"How Did Financial Institutions Use Credit Guarantees under the Shared Responsibility System? : Analysis based on the Questionnaire Survey of Branch Managers of Regional Financial Institutions" (YAMORI Nobuyoshi)