2014 Fiscal Year Final Research Report
Firm Entry, Growth, and Bank Competition
| Project/Area Number |
23530371
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Nagasaki University (2012-2014)
Hiroshima University (2011) |
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Principal Investigator |
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| Project Period (FY) |
2011-04-28 – 2015-03-31
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| Keywords | 開業率 / 廃業率 / 企業成長 / 中小企業金融 / 銀行関係 / 新興企業 / リレーションシップバンキング / 銀行間競争 |
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| Outline of Final Research Achievements |
We investigate the effect of bank competition on firm entry, growth, and exit. We find that concentration in the banking sector negatively affects the creation (destruction) of establishments in industries with higher levels of intangible assets ratio. Furthermore, we analyze how newly listed firms determine their bank loan structure in order to balance the benefits and costs of multiple banking relationships. We find that small and less risky firms choose more concentrated bank loan structure.
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| Free Research Field |
社会科学、経済学、金融論
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