[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/eti/rdpsjp/15028.html
   My bibliography  Save this paper

Summary of the Survey on the Aftermath of SME Financing Facilitation Act (Japanese)

Author

Listed:
  • UESUGI Iichiro
  • FUKANUMA Hikaru
  • ONO Arito
  • XU Peng
  • TSURUTA Daisuke
  • NEMOTO Tadanobu
  • MIYAKAWA Daisuke
  • YASUDA Yukihiro
  • YAMORI Nobuyoshi
  • WATANABE Wako
  • IWAKI Hiromichi
Abstract
A number of policy measures have been undertaken in response to the financial crisis started by the collapse of Lehman Brothers in September 2008 and the following severe recessions. They included an introduction of the Small and Medium-sized Enterprises (SME) Financing Facilitation Act, which solicited financial institutions to renegotiate loan terms and conditions with distressed borrowers and thus provided assistance to firms that were financially constrained. In order to examine the current financial status of SMEs after the termination of the Act at the end of March 2013, RIETI sent out a survey questionnaire to 20,000 firms mainly comprised of SMEs in October 2014 and received more than 6,000 responses. The main issues of the survey include: (1) effect of the SME Financial Facilitation Act on the firms' financial procurement; (2) loan renegotiations between financial institutions and borrower firms that were solicited by the Act; (3) restructuring programs submitted to financial institutions after loans are renegotiated; and (4) ex-post performance of borrower firms whose loans were renegotiated. The summary of the survey provides many novel insights on each of the above four issues. Furthermore, the survey summarizes the current status of equity financing among firms in the appendix.

Suggested Citation

  • UESUGI Iichiro & FUKANUMA Hikaru & ONO Arito & XU Peng & TSURUTA Daisuke & NEMOTO Tadanobu & MIYAKAWA Daisuke & YASUDA Yukihiro & YAMORI Nobuyoshi & WATANABE Wako & IWAKI Hiromichi, 2015. "Summary of the Survey on the Aftermath of SME Financing Facilitation Act (Japanese)," Discussion Papers (Japanese) 15028, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:rdpsjp:15028
    as

    Download full text from publisher

    File URL: https://www.rieti.go.jp/jp/publications/dp/15j028.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nobuyoshi Yamori, 2019. "The Effects of the Financing Facilitation Act after the Global Financial Crisis: Has the Easing of Repayment Conditions Revived Underperforming Firms?," JRFM, MDPI, vol. 12(2), pages 1-17, April.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eti:rdpsjp:15028. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: TANIMOTO, Toko (email available below). General contact details of provider: https://edirc.repec.org/data/rietijp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.