{"created":"2023-05-15T11:52:57.635194+00:00","id":15409,"links":{},"metadata":{"_buckets":{"deposit":"64183ef9-78e1-4340-9811-7704534199aa"},"_deposit":{"created_by":10,"id":"15409","owners":[10],"pid":{"revision_id":0,"type":"depid","value":"15409"},"status":"published"},"_oai":{"id":"oai:kanagawa-u.repo.nii.ac.jp:00015409","sets":["308:309:310:1460"]},"author_link":["37661","37661","37661"],"item_3_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2023-03-25","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"49","bibliographicPageEnd":"100","bibliographicPageStart":"79","bibliographic_titles":[{"bibliographic_title":"経済貿易研究 : 研究所年報","bibliographic_titleLang":"ja"},{"bibliographic_title":"The Studies in Economics and Trade","bibliographic_titleLang":"en"}]}]},"item_3_description_4":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"We investigate hold-up problems in debt financing among publicly traded firms with apparently limited information asymmetries. Based on the prediction by Rajan (1992), we examine how changes in short-term bank loan ratio affect firm investment behavior. We confirm that, while investment by bank-dependent firms reduces with increasing ratio of short-term loans, this negative effect is mitigated or offset for firms with access to the public debt market. Consistent with Rajan (1992), this finding suggests that, as many Japanese firms lack access to the public market because of the absence of public debt issuance under the BBB rating, even publicly traded firms could face potential hold-up problems in their relationships with banks. The results presented here help explain why firms without access to public debt have consistently lower investment rates than firms with such access, and suggest that the former face an underinvestment problem.","subitem_description_type":"Abstract"}]},"item_3_description_5":{"attribute_name":"内容記述","attribute_value_mlt":[{"subitem_description":"論説","subitem_description_type":"Other"},{"subitem_description":"JEL classification: E22; G30; G32","subitem_description_type":"Other"}]},"item_3_full_name_3":{"attribute_name":"著者別名","attribute_value_mlt":[{"nameIdentifiers":[{"nameIdentifier":"37661","nameIdentifierScheme":"WEKO"},{"nameIdentifier":"37661","nameIdentifierScheme":"ローカル著者ID","nameIdentifierURI":" "}],"names":[{"name":"Iwaki, Hiromichi"}]}]},"item_3_publisher_33":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"神奈川大学経済貿易研究所"},{"subitem_publisher":"Kanagawa University The Institute of Economics and Trade"}]},"item_3_source_id_10":{"attribute_name":"書誌レコードID","attribute_value_mlt":[{"subitem_source_identifier":"AN00071389","subitem_source_identifier_type":"NCID"}]},"item_3_source_id_8":{"attribute_name":"ISSN","attribute_value_mlt":[{"subitem_source_identifier":"0386-5193","subitem_source_identifier_type":"ISSN"}]},"item_3_version_type_16":{"attribute_name":"著者版フラグ","attribute_value_mlt":[{"subitem_version_resource":"http://purl.org/coar/version/c_970fb48d4fbd8a85","subitem_version_type":"VoR"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"岩木, 宏道"}],"nameIdentifiers":[{"nameIdentifier":"37661","nameIdentifierScheme":"WEKO"},{"nameIdentifier":"37661","nameIdentifierScheme":"ローカル著者ID","nameIdentifierURI":" "}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2023-04-03"}],"displaytype":"detail","filename":"04 Empirical Analysis of Hold-up Problem in Debt Financing ： Evidence from Japanese Listed Firms.pdf","filesize":[{"value":"8.1 MB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"04 Empirical Analysis of Hold-up Problem in Debt Financing ： Evidence from Japanese Listed Firms","url":"https://kanagawa-u.repo.nii.ac.jp/record/15409/files/04 Empirical Analysis of Hold-up Problem in Debt Financing ： Evidence from Japanese Listed Firms.pdf"},"version_id":"1a464a21-fbc5-4f11-8376-f69d5f2feb12"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"Hold-up problems","subitem_subject_scheme":"Other"},{"subitem_subject":"Bank loans","subitem_subject_scheme":"Other"},{"subitem_subject":"Public debt markets","subitem_subject_scheme":"Other"},{"subitem_subject":"Investment","subitem_subject_scheme":"Other"},{"subitem_subject":"Financing constraints","subitem_subject_scheme":"Other"},{"subitem_subject":"Hold-up problems","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Bank loans","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Public debt markets","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Investment","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Financing constraints","subitem_subject_language":"en","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"departmental bulletin paper","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_title":"Empirical Analysis of Hold-up Problem in Debt Financing ： Evidence from Japanese Listed Firms","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"Empirical Analysis of Hold-up Problem in Debt Financing ： Evidence from Japanese Listed Firms","subitem_title_language":"ja"},{"subitem_title":"Empirical Analysis of Hold-up Problem in Debt Financing ： Evidence from Japanese Listed Firms","subitem_title_language":"en"}]},"item_type_id":"3","owner":"10","path":["1460"],"pubdate":{"attribute_name":"PubDate","attribute_value":"2023-04-03"},"publish_date":"2023-04-03","publish_status":"0","recid":"15409","relation_version_is_last":true,"title":["Empirical Analysis of Hold-up Problem in Debt Financing ： Evidence from Japanese Listed Firms"],"weko_creator_id":"10","weko_shared_id":-1},"updated":"2023-06-20T04:45:55.651494+00:00"}