| Autor: |
Taisuke Uchino, Arito Ono, Kaoru Hosono, Makoto Hazama, Iichiro Uesugi, Daisuke Miyakawa, Hirofumi Uchida |
| Rok vydání: |
2016 |
| Předmět: |
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| Zdroj: |
International Economic Review. 57:1335-1370 |
| ISSN: |
0020-6598 |
| DOI: |
10.1111/iere.12200 |
| Popis: |
This article investigates the effect of banks' lending capacity on firms' investment. To identify exogenous shocks to loan supply, we utilize the natural experiment provided by Japan's Great Hanshin-Awaji earthquake in 1995. Using a unique data set that allows us to identify firms and banks in the earthquake-affected areas, we find that the investment ratio of firms located outside the earthquake-affected areas but having a main bank inside the areas was significantly smaller than that of firms located outside the areas and having a main bank outside the areas. Our findings suggest that loan supply shocks affect firm investment. [ABSTRACT FROM AUTHOR] |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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