| Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2011: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2010: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2009: ¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000)
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| Research Abstract |
Japanese cooperative banks, whose stated aim is the maximization of consumer surplus, may have the possible advantages over their joint-stock counterparts in breaking the market failure that leads to credit rationing. The study, however, provokes skepticism to this view, suggesting unstable and less efficient operation of some cooperative banks in local communities probably due to weak mechanisms for management discipline, their small business size and narrow operating areas, and so on.
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