Demand for Bank Loans Under Borrowing Constraints: A Panel Study of Japanese Firm Data.
We estimate a corporate demand model for bank loans on the basis of a panel data set of the Japanese corporations. What is novel is an explicit treatment of borrowing constraints in the estimation, which is formulated as a function of the land asset of the firms. The model is estimated by employing the econometric technique used for analyzing the disequilibrium model.
Year of publication: |
1996
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Authors: | Ogawa, K. ; Suzuki K. |
Institutions: | Institute of Social and Economic Research (ISER), Osaka University |
Subject: | BANKS | CREDIT | JAPAN | MODELS | CORPORATIONS |
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