Inter-firm transaction network and bank lending
| Project/Area Number |
26590051
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| Research Category |
Grant-in-Aid for Challenging Exploratory Research
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| Allocation Type | Multi-year Fund |
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| Research Field |
Money/ Finance
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| Research Institution | Waseda University |
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Principal Investigator |
Ogura Yoshiaki 早稲田大学, 政治経済学術院, 教授 (70423043)
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| Co-Investigator(Kenkyū-buntansha) |
奥井 亮 京都大学, 経済研究所, 准教授 (20563480)
齊藤 有希子 (梅野有希子 / 齊藤 有希子(梅野有希子)) 独立行政法人経済産業研究所, 研究グループ, 上席研究員 (50543815)
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| Project Period (FY) |
2014-04-01 – 2017-03-31
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| Project Status |
Completed (Fiscal Year 2016)
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| Budget Amount *help |
¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000)
Fiscal Year 2016: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2015: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2014: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
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| Keywords | 企業間取引 / ネットワーク / 影響力指数 / 追い貸し / 救済融資 / 中心性 / 企業救済 |
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| Outline of Final Research Achievements |
This study demonstrates theoretically and empirically that a firm with a higher influence as a procurer in a supply network is more likely to obtain a rescue loan at a lower interest rate when it is under a financial distress. A bank will evaluate not only the standalone performance of the firm but the propagation effect through the supply network. Consequently, the lending cost is relatively smaller for those with a higher influence coefficient in a financial distress. This effect is larger for regional banks that often have a stronger market power in the regional financial market.
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Report
(4 results)
Research Products
(5 results)
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[Presentation] Network-Motivated Lending Decision2014
Author(s)
Yoshiaki Ogura
Organizer
Reforming Financial and Employment Systems in Japan, East Asia, and Europe, International Workshop
Place of Presentation
University of British Columbia
Year and Date
2014-11-01
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