Financial Distress and Employment
The Japanese Case in the 90s
We examine quantitatively the extent to which financial distress in the 1990s affected employment behavior in Japan. Based on the firm-level panel data that include small firms, we estimate dynamic labor demand function, taking the impact of financial distress on employment into consideration. We find that the firm's ratio of debt to total asset exerts a significantly negative effect on employment of small firms. We also find that employment of small firms is sensitively affected by lending attitude of financial institutions
- ISBN 10 : OCLC:249181184
- Judul : Financial Distress and Employment
- Sub Judul : The Japanese Case in the 90s
- Pengarang : Kazuo Ogawa,
- Kategori : Banks and banking
- Bahasa : en
- Tahun : 2003
- Halaman : 17
- Halaman : 17
- Google Book : http://books.google.com/books?id=tLaKnQEACAAJ&dq=intitle:financial+distress&hl=&source=gbs_api
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Ketersediaan :
Abstract: We examine quantitatively the extent to which financial distress in the 1990s affected employment behavior in Japan.