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Deteriorating Bank Health and Lending in Japan : Evidence from Unlisted Companies Undergoing Financial Distress
http://hdl.handle.net/2261/2639
http://hdl.handle.net/2261/263945df4c93-b055-4e2f-9c85-c9c9865580c6
Item type | テクニカルレポート / Technical Report(1) | |||||
---|---|---|---|---|---|---|
公開日 | 2013-06-03 | |||||
タイトル | ||||||
タイトル | Deteriorating Bank Health and Lending in Japan : Evidence from Unlisted Companies Undergoing Financial Distress | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
主題 | Bank firm relationship | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Credit crunch | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Misallocation | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Unlisted firms | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | JEL Classification Numbers: G21, G31, G32 | |||||
主題Scheme | Other | |||||
資源タイプ | ||||||
資源 | http://purl.org/coar/resource_type/c_18gh | |||||
タイプ | technical report | |||||
アクセス権 | ||||||
アクセス権 | metadata only access | |||||
アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||
著者 |
Fukuda, Shin-ichi
× Fukuda, Shin-ichi× Kasuya, Munehisa× Nakajima, Jouchi |
|||||
著者所属 | ||||||
著者所属 | University of Tokyo | |||||
著者所属 | ||||||
著者所属 | Bank of Japan | |||||
抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | When a borrower faces an informational hold-up problem, deteriorating bank health might reduce a borrower's credit availability. However, a bank with an impaired balance sheet might attempt to "gamble for resurrection" and hence increase risky lending to "zombie" firms. The purpose of this paper is to investigate what impacts the weakened financial conditions of banks had on loans outstanding to medium-size firms in Japan. Estimating lending functions, we examine the determinants of lending to unlisted Japanese companies in the late 1990s and early 2000s. We find that two alternative measures of bank health -regulatory capital adequacy ratios and ratios of non-performing loans (NPLs)- had opposite impacts on lending. In the case of regulatory capital adequacy ratios, its deterioration had a perverse impact on lending. The deteriorating NPL ratios, however, increased lending to troubled firms to keep otherwise economically bankrupt firms alive. | |||||
内容記述 | ||||||
内容記述タイプ | Other | |||||
内容記述 | 本文フィルはリンク先を参照のこと | |||||
書誌情報 |
Discussion paper series. CIRJE-F 巻 CIRJE-F-364, 発行日 2005-09 |
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書誌レコードID | ||||||
収録物識別子タイプ | NCID | |||||
収録物識別子 | AA11450569 | |||||
フォーマット | ||||||
内容記述タイプ | Other | |||||
内容記述 | application/pdf | |||||
日本十進分類法 | ||||||
主題 | 330 | |||||
主題Scheme | NDC | |||||
出版者 | ||||||
出版者 | 日本経済国際共同センター | |||||
出版者別名 | ||||||
Center for International Research on the Japanese Economy | ||||||
関係URI | ||||||
識別子タイプ | URI | |||||
関連識別子 | http://www.cirje.e.u-tokyo.ac.jp/research/dp/2005/2005cf364ab.html |