On Corporate Insurance Demand, Finance Theory and Empirical Evidence

中小企业在日本的经济活动中占有相当大的比重。在我们的研究项目中，我们揭示了中小企业的风险管理活动，并试图为政策制定提供有用的经验证据。特别是，我们对制造业的中小企业进行了调查，以调查大地震的风险管理和与银行的关系。研究结果表明，中小企业的经营中断风险和一般责任风险没有得到保险，而火灾和车祸风险得到了充分的保险。从调查中获得的一些结果已经发表在几篇文章中，如日语的一般保险研究。此外，其他结果将在国际期刊上发表。

SMEs (Small and medium-sized enterprises) make up a significant proportion of economic activities in Japan. In our research project, we shed light on risk management activities of SMEs and try to provide useful empirical evidence for policy making. In particular, we conducted a survey of SMEs in manufacturing industry to investigate risk management against large earthquakes and relationship with banks. The results show that risks regarding business interruption and general liability are not covered with insurance among SMEs while risks regarding fire and auto accident are fully covered with insurance. Some results obtained from the survey are already published from several articles like General Insurance Research in Japanese. Also, other results will be published from International Journals.