WEKO3
アイテム
Financial Heterogeneity and the Dynamics of Credit Rationing in Japan
http://hdl.handle.net/10112/0002002106
http://hdl.handle.net/10112/0002002106d6196ec8-730d-45c3-bf47-b09178f272d6
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
KU-1100-20210904-01.pdf (223 KB)
|
|
| Item type | 学術雑誌論文 / Journal Article(1) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 公開日 | 2024-12-09 | |||||||||
| タイトル | ||||||||||
| タイトル | Financial Heterogeneity and the Dynamics of Credit Rationing in Japan | |||||||||
| 言語 | en | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||||
| 資源タイプ | journal article | |||||||||
| アクセス権 | ||||||||||
| アクセス権 | open access | |||||||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||||||
| 著者 |
溝端, 泰和
× 溝端, 泰和
WEKO
54041
|
|||||||||
| 概要 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | A perceptual gap between banks and firms exists in Japan, preventing the credit channel of monetary policy. Banks believe that bankable customers are scarce, while firms believe that banks do not issue loans without collateral or guarantees. To explain this gap, I focus on the dispersion in the degree of financial constraints across listed Japanese firms from FY1991 to FY2019. I construct a firm-specific and time-varying measure of financial constraints through the structural estimation, and investigate its distribution over time. The results reveal a right-skewed distribution for the index of financial constraints, indicating that many firms face minor financial constraints, while a few face severe financial constraints. The spread between the 75th and 25th percentiles of the index of financial constraints increased after the bubble burst, indicating that Japan's financial heterogeneity has recently become outstanding. Finally, decomposing financial heterogeneity into within- and between-industry effects shows that the observed financial inequality is due to the increase in inequality among firms within narrowly defined industries. | |||||||||
| 言語 | en | |||||||||
| 内容記述 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | JSPS KAKENHI grant number : 17K13767 | |||||||||
| 言語 | en | |||||||||
| 書誌情報 |
en : Applied Economics 巻 54, p. 685-701, 発行日 2021-09-04 |
|||||||||
| ISSN | ||||||||||
| 収録物識別子タイプ | PISSN | |||||||||
| 収録物識別子 | 00036846 | |||||||||
| ISSN | ||||||||||
| 収録物識別子タイプ | EISSN | |||||||||
| 収録物識別子 | 14664283 | |||||||||
| 書誌レコードID | ||||||||||
| 収録物識別子タイプ | NCID | |||||||||
| 収録物識別子 | AA00056725 | |||||||||
| DOI | ||||||||||
| 関連タイプ | isVersionOf | |||||||||
| 識別子タイプ | DOI | |||||||||
| 関連識別子 | https://doi.org/10.1080/00036846.2021.1967869 | |||||||||
| 権利 | ||||||||||
| 言語 | en | |||||||||
| 権利情報 | This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics on 04/09/2021, available at: https://doi.org/10.1080/00036846.2021.1967869. | |||||||||
| 著者版フラグ | ||||||||||
| 出版タイプ | AM | |||||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||||
| 出版者 | ||||||||||
| 出版者 | Taylor & Francis | |||||||||
| 言語 | en | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | between-industry effects | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | credit rationing | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | financial inequality | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | firm investment | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | within-industry effects | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | JEL Classification : D24, D25, G31 | |||||||||
| キーワード | ||||||||||
| 言語 | ja | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | 関西大学 | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Kansai University | |||||||||
