Yamori, Nobuyoshi and Hirakawa, Hitoshi (2009): A Comparative Study on Regional Finance in Japan and Korea: Evidence from Three Questionnaires.
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In this paper, to analyze the similarities and differences between the regional finance of Japan and South Korea (hereinafter, “Korea”), we compared questionnaires to small to midsize companies located in Korea’s Daegu/Gyeongbuk region with questionnaires to small to midsize companies located in Japan’s Kansai and Tokai regions. From the results, we were able to confirm that regional finance systems in Japan and Korea are very similar. For example, in the US, there is an overwhelming amount of small to midsize companies with only one partner bank, however, in Japan and Korea, having multiple partner banks is the norm. Therefore, the practice of having multiple partner banks should not be considered as being unique to Japan, rather, it can be inferred that such a phenomenon is natural in certain social, economical, and legal systems. Contrastingly, we found various differences between Japan and Korea. For example, in response to the question on the assessment of financial institutions, Korea firms gave the most positive assessment for “provision of funds,” whereas Japanese firms gave the most positive assessment for “knowledge on your companies.” These differences can be understood as the causes of the discrepancy between Japan and Korea in the level of economic development.
|Item Type:||MPRA Paper|
|Original Title:||A Comparative Study on Regional Finance in Japan and Korea: Evidence from Three Questionnaires|
|Keywords:||Japan; Korea; SME Finance; Regional Banking.|
|Subjects:||G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
|Depositing User:||Nobuyoshi Yamori|
|Date Deposited:||01. Nov 2009 14:22|
|Last Modified:||12. Feb 2013 00:15|
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Tawada, Makoto, and Nobuyoshi Yamori (eds.), “Industrial Cluster and Financial Structure in the Kansai Region – Survey Based Comparative Analysis with the Tokai Region Economy,” Chuokeizaisha, 2008. (in Japanese).
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Yamori, Nobuyoshi, 2006, “Financial Services that Corporations Want and Challenges of Financing for Small and Medium-sized Businesses: Focusing on corporate awareness study concerning corporate finance in the Kansai Region” RIETI Discussion Paper 06-J-003. (in Japanese)
Yamori, Nobuyoshi, 2007, "Japanese Corporate Finance: What factors affect the financial decisions of Japanese firms?" Alan N. Kendall ed. International Business and Finance Issues, Nova Science Publishers, Inc., pp.81-102.
Yamori, Nobuyoshi (2008): Importance of regional financial institutions in regional economic development: Based on the results of corporate surveys in Japan's Tokai and Kansai regions. MPRA Paper No. 14915, April 2009.
Yamori, Nobuyoshi (2009) “What Types of Small and Medium-sized Businesses Are Utilizing New Financial Products?” iBusiness, forthcoming.