This study examines the effects of the interaction of a size-dependent tax policy that exempts firms whose stated capital is at or below a certain threshold from taxation and financial frictions on firm growth and financing. Our empiric...
We estimate the causal effects of a tax incentive for specific productivity-enhancing equipment introduced in 2014 for Japanese small and medium-sized enterprises (SMEs). Using firm-level panel data, we find, first, that the introduction...
This paper presents several theoretical hypotheses on market discipline to bank managers, reviews empirical evidences on these hypotheses and derives some policy implications from them. We stress potential benefits to developing and transition eco...
人文科学研究科
経済学部