Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92820
Authors: 
Ogawa, Kazuo
Year of Publication: 
2007
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 680
Abstract: 
This study is an empirical attempt to investigate the effects of balance sheet deterioration of Japanese firms and banks during the 1990s on credit allocation using the Short-term Economic Survey of Enterprises. This survey includes a unique item: the proportion of firms perceiving the lending attitude to be severe. After developing a theoretical model to link this item with the balance sheet conditions of borrowers and lenders, we estimated the relationships that we derived from our model. We found that credit was reduced when the balance sheet of firms and banks deteriorated. The effects are particularly significant for non-manufacturing industries.
Subjects: 
Tankan Survey
Credit crunch
Ever-greening
Non-performing loans
Corporate Debt
JEL: 
E44
E51
G21
Document Type: 
Working Paper

Files in This Item:
File
Size
261.59 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.