Uchida, Hirofumi; Udell, Gregory F.; Watanabe, Wako - In: Japan and the World Economy 25-26 (2013), pp. 24-38
We test the hypothesis that trade creditors are relationship lenders using SME data from Japan. We find that the validity of the relationship lending hypothesis depends on the relative bargaining power between the buyer and sellers. Specifically, we find evidence that longer buyer–seller...