地域学研究
Online ISSN : 1880-6465
Print ISSN : 0287-6256
ISSN-L : 0287-6256
Special Issue:Industrial Clusters and New Agglomerations in East Asia
Importance of Regional Financial Institutions in Regional Economic Development: The Results of Corporate Surveys in Japan's Tokai and Kansai Regions
Nobuyoshi YAMORI
著者情報
キーワード: Regional Finance, Japan, Bank, SME Finance
ジャーナル 認証あり

2010 年 40 巻 4 号 p. 867-881

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This paper has analyzed the relationship between small/medium enterprises (SMEs) and financial institutions based on the results of questionnaires answered by SMEs in the Tokai and Kansai regions. With the development of telecommunication technology and progress in securities market's infrastructure, there are fewer cases in which geographical distance poses a problem in financial transactions. However, financing for SMEs is expected to remain dependent on indirect finance, i.e., financing through their major trading bank, inasmuch as it will be necessary for financial institutions to play a major role in overcoming difficulties caused by the information asymmetry. More specifically, this type of relationship banking in which periodical direct contact lends to increased knowledge about SMEs is thriving as a means to eliminate the issue of information asymmetry. This paper finds that the direct contact or communication, an integral part of relationship banking becomes difficult when banks locate far from firms.

JEL Classification: G21

著者関連情報
© 2010 by The Japan Section of the Regional Science Association International
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