Uchida, Hirofumi; Miyakawa, Daisuke; Hosono, Kaoru; … - Center for Interfirm Network, Institute of Economic Research - 2013
devastating earthquake, the Greeat Tohoku Earthquake, we examine the impact of firm efficiency on firm exit both inside and … outside the earthquake-affected areas. We find evidence suggesting that more efficeint firms are less likely to exit both … mechanism is weaker for those firms whose main banks were damaged by the earthquake, which suggests that damage to banks weakens …