This paper studies the Japanese credit scoring market using data on 2,000 SMEs and a small business credit scoring model widely used in the market. After constructing a model for determining a bank's profit maximization, we find the optimum loan sizes and profit levels, and point out some...

Using factory-level data for Japan's manufacturing sector, we estimate the relationship between the unit values of gross output and factor intensities. We find a significant and positive relationship between the unit value of a product and its white-collar labor intensity, which supports the...

In this study, we administered surveys to 47 Chinese enterprises in six industries related to their overseas investments and operations. The results indicate that a number of them have established overseas networks, expanded markets, and upgraded their technological capabilities through...

In this study, we investigate the role of geographical proximity in an inter-firm transaction network and the role of hub firms on geographical spread of regional impact. By using inter-firm micro transaction data of over 800 thousands firms, we found that indirect transaction is geographically...

Despite an extensive amount of published economic, psychological, and public health research, a consensual view on the causal relationship between retirement and health remains to be articulated. This lack of consensus is arguably due to the diversity in the transitional process from employment...

This study empirically examines the role of agglomeration in enabling firms to begin exporting, using a large dataset of Chinese firms. Knowledge spillover caused by the agglomeration of exporters can reduce the initial cost of export, thereby lowering the "productivity cut-off" required to...

By exploiting the correlation between the legal type of a property purchased as collateral and the loan to value (LTV), particularly the positive correlation between the use of the property as revolving collateral and LTV as a strong and valid instrumental variable, we identify the positive...

One of the most important issues addressed in this case was whether it is World Trade Organization (WTO)-consistent to determine the anti-dumping (AD) duty rate not on an individual-exporter basis but on a country-wide basis when imposing AD measures on exporters from non-market economies...

Based upon the standard model of Grilliches (1981), this paper examines the relationship between the intangible asset of energy-saving technologies and stock market value. We furthermore construct the spillover variable of energy-saving technologies for each firm using the definition of...

We develop a two-country, two-good general equilibrium model of international trade that takes international transport sectors into explicit consideration to examine the effects of environmental policy on international transport. International transportation services are traded between two...