Analysis on corporate finance of Japanese firms: Change in financing environment and the role of financial institutions

2015 Fiscal Year Final Research Report

• Project/Area Number: 24330103
• Research Category: Grant-in-Aid for Scientific Research (B)
• Allocation Type: Partial Multi-year Fund
• Section: 一般
• Research Field: Public finance/Monetary economics
• Research Institution: Kobe University
• Principal Investigator: UCHIDA HIROFUMI 神戸大学, 経営学研究科, 教授 (60294295)
• Co-Investigator(Kenkyū-buntansha): OGURA YOSHIAKI 早稲田大学, 政治経済学術院, 教授 (70423043) ; TSUTSUI YOSHIRO 大阪大学, 経済学研究科, 教授 (50163845) ; NEMOTO TADANOBU 中央大学, 商学部, 教授 (40327739) ; YAMORI NOBUYOSHI 神戸大学, 経済経営研究所, 教授 (80220515) ; WATANABE WAKO 慶應義塾大学, 商学部, 教授 (80379106)
• Project Period (FY): 2012-04-01 – 2016-03-31
• Keywords: 金融論

Outline of Final Research Achievements

The aim of this research is to clarify the influence of finance on corporate activities and the real economy, and to produce practical and policy implications on corporate finance, financial regulation, and monetary policy, under drastic changes in the corporate environment. The uniqueness of this study lies in its collection and use of rich data. We systematically link data from different sources, i.e., the original corporate survey, the original survey on financial institutions, interviews, and other sources, and clarify the current status of corporate finance for small- and medium-sized enterprises (SMEs) in Japan. Through empirical analyses using these data, we obtain many insights, for example, on reconstruction demand in the earthquake-hit areas, on the status of the management of regional financial institutions, on corporate finance of SMEs under changes in the corporate environment.

Free Research Field

社会科学