This paper empirically studies the impact of banks' efficiency on their client firms' export behavior. Our empirical analysis shows that the marginal impact of the total factor productivity (TFP) of cash-flow constrained firms to the extensive margin of exports increases as the efficiency of top...

This paper examines how firms' decision to start exporting is affected by the availability of information on export markets. Unlike existing studies which focus on information sharing among firms, we examine the information provided by firms' top lender banks (main banks). Specifically, using a...

This paper proposes one measure for the productivity of banks and studies how it affects the sensitivity of a client firm's capital investment with respect to investment opportunity. As a direct measure for the productivity of banks, we employ the risk-adjusted profit of an individual bank,...

This paper examines how firms’ decision to start exporting is affected by the availability of information on export markets. Unlike existing studies which focus on information sharing among firms, we are interested in the information provided by firms’ main bank. Specifically, using a unique...

This paper studies the quantitative impact of the efficiency of lender banks on their client firms' total factor productivity. By using the panel data for bank and firm characteristics including the efficiency of banks, we empirically establish the positive correlation between the growth and the...

This paper empirically examines the impact of board diversity on firms' innovative activity, taking advantage of the unique firm-level dataset in the period 2000-2011 in Japan. We constructed measurements of the degree of board diversity by using various characteristics of board members such as...

This study applies Davis, Haltiwanger, and Schuh's method (1996) to measure job creation/destruction rates of establishments in manufacturing firms using Japanese Economic Census data in 2006 and 2009. Results state that the net domestic employment decrease mainly arises from firms without...

This paper examines how Japanese firms' export decision is affected by the availability of information on export markets, focusing on whether the availability of such information has a different impact on the export decision between large firms and small and medium-sized enterprises (SMEs). In...

In this article, we examine the change in the wages of regular employed workers through the 1990s and the 2000s using Japanese establishment level data drawn from the Basic Survey on Wage Structure. Contrary to previous literature that found that the wages in the manufacturing industries...

This paper describes the construction of the Regional-Level Japan Industrial Productivity Database (R-JIP), which covers the period from 1970 through 2008 and comprises annual industrial output and factor input data of Japan's 47 prefectures classified by 23 industry. Output is measured in terms...