| Project/Area Number |
21730265
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Nanzan University |
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Principal Investigator |
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| Project Period (FY) |
2009 – 2011
|
| Project Status |
Completed (Fiscal Year 2011)
|
| Budget Amount *help |
¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2011: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
Fiscal Year 2010: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2009: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
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| Keywords | M & A / 取引先企業 / ロックイン効果 / リレーションシップバンキング / M&A / ホールドアップ問題 / イベント・スタディ / 地域銀行 |
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| Research Abstract |
We examine how the local bank consolidation affects corporate borrowers. To find the effect of consolidation directly, we focus on firms that transacted with only the merger banks. The results show that loan rates declines, and that loans to these firms increase after the bank merger. On the other hand, we do not find the changes of firm performance and employment significantly.
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