NATURAL DISASTERS, DAMAGE TO BANKS, AND FIRM INVESTMENT

Kaoru Hosono · Daisuke Miyakawa · Taisuke Uchino · Makoto Hazama · Arito Ono · Hirofumi Uchida +1 more

125 citations0/0 files storedInternational Economic Review

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Banking stability, regulation, efficiency Monetary Policy and Economic Impact Corporate Finance and Governance

Abstract

This article investigates the effect of banks’ lending capacity on firms’ investment. To identify exogenous shocks to loan supply, we utilize the natural experiment provided by Japan's Great Hanshin‐Awaji earthquake in 1995. Using a unique data set that allows us to identify firms and banks in the earthquake‐affected areas, we find that the investment ratio of firms located outside the earthquake‐affected areas but having a main bank inside the areas was significantly smaller than that of firms located outside the areas and having a main bank outside the areas. Our findings suggest that loan supply shocks affect firm investment.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 125 citations exist upstream.

References

1982Tobin's Marginal q and Average q: A Neoclassical Interpretation 1983Non-Monetary Effects of the Financial Crisis in the Propagation of the Great Depression 2002Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure 2008Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market 2024Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression 2008Zombie Lending and Depressed Restructuring in Japan 2005The Death Toll from Natural Disasters: The Role of Income, Geography, and Institutions 1991The Credit Crunch

Cited by

2024Impact of climate risk on financial stability: Cross-country evidence 2023A Review of the Financial Sector Impacts of Risks Associated with Climate Change 2022Climate change commitment, credit risk and the country's environmental performance: Empirical evidence from a sample of international banks 2023The impact of climate change on banking systemic risk 2023Climate risk and bank stability: International evidence

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.