Bank Lending and Firm Activities: Overcoming Identification Problems
Bank Lending and Firm Activities: Overcoming Identification Problems
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银行贷款和公司活动：克服身份识别问题
DOI：
10.1007/978-4-431-55390-8_12
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发表时间：
2015
期刊：
影响因子：
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通讯作者：
Daisuke Miyakawa
中科院分区：
文献类型：
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作者：
K. Hosono;Daisuke Miyakawa
本章概述了关于金融约束的实际影响的现有文献，特别关注银行贷款的不利冲击所产生的金融约束。虽然关于负资金供应冲击与各种企业活动之间因果关系的理论研究取得了重大进展，但成功识别贷款供应冲击的实证研究相对较少。本章的第一部分回顾了关于这一主题的大量文献，并详细介绍了最近的研究是如何试图克服解开资金供需冲击这一重要的识别挑战的。在讨论了克服这一挑战的各种尝试（从使用自然实验到使用广泛的面板数据集）之后，本章作者详细讨论了两项研究，它们采用日本的自然灾害作为自然实验来检验金融约束对资本投资和企业出口行为的实际影响。
This chapter presents an overview of the extant literature on the real impact of financial constraints, with a particular focus on financial constraints originating from adverse shocks to bank lending. While there has been significant progress in theoretical research on the causal link between negative fund supply shocks and various firm activities, there are relatively few empirical studies that successfully identify loan supply shocks. The first part of this chapter reviews the large body of literature on this topic and details how recent studies have attempted to overcome the important identification challenge of disentangling fund supply and demand shocks. Following the discussion of various attempts to overcome this challenge ranging from the use of natural experiments to the employment of extensive panel datasets, two studies by the authors of this chapter are discussed in detail, which employ a natural disaster in Japan as a natural experiment to examine the real impact of financial constraints on the capital investment and export behavior of firms.
商业周期、货币政策和银行贷款：利用企业与银行匹配级别的贷款数据识别银行资产负债表渠道
DOI：
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发表时间：
2014
期刊：
RIETI Discussion Paper Series
影响因子：
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作者：
Takayuki Tanno;Alan Silberberg;Kaoru Hosono and Daisuke Miyakawa
通讯作者：
Kaoru Hosono and Daisuke Miyakawa
“休克疗法”对大小客户的影响：日本两家大型银行倒闭的经验
DOI：
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发表时间：
2007
期刊：
Pacific-Basin Finance Journal (掲載決定)
影响因子：
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作者：
Shin-ichi Fukuda (co-author);Satoshi Koibuchi
通讯作者：
Satoshi Koibuchi