While credit is essential for investment, innovation and economic growth, there are risks related to excessive … crisis has highlighted the macroeconomic risks of credit booms. This paper focuses on microeconomic implications of high … lowers TFP growth. -- excess leverage ; bank efficiency ; market capitalisation ; TFP growth …

over the amount of bankruptcies and judicial reorganizations, and the firms' access to credit. Making use of econometric … a significant way as well as the requirement of judicial reorganizations. Finally, using sectorial aggregated credit … data, we find an expansion of the credit market, mainly to commercial, rural and services sectors. Additionally we did not …

being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel … credit rationed and decreases loan size. Furthermore, we find that better judicial enforcement increases the probability of … bankruptcy, a result that is consistent with lax screening effects. -- Judicial enforcement ; Credit allocation ; Credit …

being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel … credit rationed and decreases loan size. Furthermore, we find that better judicial enforcement increases the probability of …