MISC

2011年6月

The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data

INTERNATIONAL REVIEW OF FINANCE
  • Charles Yuji Horioka
  • ,
  • Shizuka Sekita

11
2
開始ページ
245
終了ページ
268
記述言語
英語
掲載種別
DOI
10.1111/j.1468-2443.2010.01123.x
出版者・発行元
WILEY-BLACKWELL

The length of trials in Japan has become shorter over time. Theory predicts that better judicial enforcement (i.e., faster court proceedings) will decrease the probability of being credit rationed, increase loan size, and increase the probability of bankruptcy. Our estimation results based on micro data from a panel survey of consumers in conjunction with judicial data by court district show that better judicial enforcement increases the probability of being rationed in some cases and decreases loan size (contrary to expectation) but increases the probability of bankruptcy (as expected). Thus, better judicial enforcement facilitates the recovery of loans but may be socially harmful.


リンク情報
DOI
https://doi.org/10.1111/j.1468-2443.2010.01123.x
Web of Science
https://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=JSTA_CEL&SrcApp=J_Gate_JST&DestLinkType=FullRecord&KeyUT=WOS:000208829700005&DestApp=WOS_CPL
ID情報
  • DOI : 10.1111/j.1468-2443.2010.01123.x
  • ISSN : 1369-412X
  • eISSN : 1468-2443
  • Web of Science ID : WOS:000208829700005

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