کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9553131 | 1375178 | 2005 | 12 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Does the Creative Business Promotion Law enhance SMEs' capital investments? Evidence from a panel dataset of unlisted SMEs in Japan
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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![عکس صفحه اول مقاله: Does the Creative Business Promotion Law enhance SMEs' capital investments? Evidence from a panel dataset of unlisted SMEs in Japan Does the Creative Business Promotion Law enhance SMEs' capital investments? Evidence from a panel dataset of unlisted SMEs in Japan](/preview/png/9553131.png)
چکیده انگلیسی
This paper examines whether the Creative Business Promotion Law (CBPL) enacted in 1995 has helped to enhance the capital investment of small and medium enterprises (SMEs) in Japan. Using a panel dataset of unlisted manufacturing SMEs in Japan, we examine their investment behavior under a marginal q model, incorporating leverage and annually constructed CBPL-approved dummies. The estimation results showed that CBPL approval substantially increased SMEs' new investments. The positive effect of marginal q, and the negative effect of leverage were also shown, both of which were consistent with the hypothesis of the model.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Japan and the World Economy - Volume 17, Issue 4, December 2005, Pages 395-406
Journal: Japan and the World Economy - Volume 17, Issue 4, December 2005, Pages 395-406
نویسندگان
Nobuyuki Harada, Yuji Honjo,