The functions and division of roles between trade credit and bank loans during the Financial Crisis
| Project/Area Number |
20530192
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Applied economics
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| Research Institution | The University of Tokyo |
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Principal Investigator |
MIWA Yoshiro The University of Tokyo, 大学院・経済学研究科, 教授 (90109158)
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| Project Period (FY) |
2008 – 2010
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| Project Status |
Completed (Fiscal Year 2010)
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| Budget Amount *help |
¥3,250,000 (Direct Cost: ¥2,500,000、Indirect Cost: ¥750,000)
Fiscal Year 2010: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2009: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2008: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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| Keywords | 金融危機 / Credit Crunch / 企業間信用 / 銀行融資 / 不良債権 / 売掛金 / 買掛金 / 在庫 / 信用保証 |
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| Research Abstract |
The conventional wisdom that financial institutions, big banks in particular, have dominated the Japanese financial market and played there the key roles has long been an obvious basic assumption in research and policy debate over the Japanese financial phenomena. To investigate the validity of this assumption, focusing on the Financial Crisis period, I conducted a full-fledged empirical research with a huge set of firm-level financing data, and concluded that it has been invalid, at least since the 1960s. Upon this conclusion I started a new research on the functions and division of roles between trade credit and bank loans.
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Report
(4 results)
Research Products
(10 results)
