| Budget Amount *help |
¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000)
Fiscal Year 2016: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2015: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2014: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Outline of Final Research Achievements |
First, econometric analysis using province and city-level panel data shows that bank finance is more able to promote private sector in coastal area with more developed economy. Second, econometric analysis using firm-level micro data finds that receiving more bank loans improves productivity and performance of private firms while it has negative impact on performance of state-owned firms. Third, it is suggested that stronger political connection enables state-owned firms to get access to more bank loans while similar observation cannot be obtained for private firms.
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