Details about Kaoru Hosono

Access statistics for papers by Kaoru Hosono.

Last updated 2023-05-10. Update your information in the RePEc Author Service.

Short-id: pho145

Working Papers

2024

1. Imperfect Take-up of COVID-19 Business Support Programs
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2022

2. Causal Effects of a Tax Incentive on SME Capital Investment
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
   See also Journal Article Causal effects of a tax incentive on SME capital investment, Small Business Economics, Springer (2023) (2023)
3. Determinants and Effects of the Use of COVID-19 Business Support Programs in Japan
   RCESR Discussion Paper Series, Research Center for Economic and Social Risks, Institute of Economic Research, Hitotsubashi University
   See also Journal Article Determinants and effects of the use of COVID-19 business support programs in Japan, Journal of the Japanese and International Economies, Elsevier (2023) View citations (9) (2023)
4. Financial Constraints and Markups
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
5. Foreign Direct Investment and Markups
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2021

6. Epidemic and Economic Consequences of Voluntary and Request-based Lockdowns in Japan
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (14)
   See also Journal Article Epidemic and Economic Consequences of Voluntary and Request-based Lockdowns in Japan, Journal of the Japanese and International Economies, Elsevier (2021) View citations (18) (2021)
7. Firms' Responses and Policy Measures to the COVID-19 Pandemic: An analysis based on a firm survey (Japanese)
   Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI)

2020

8. Firm Age, Productivity, and Intangible Capital
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (3)

2019

9. Damage to the Transportation Infrastructure and Disruption of Inter-firm Transactional Relationships
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
10. Dynamic Productivity Decomposition with Allocative Efficiency
    Working Papers on Central Bank Communication, University of Tokyo, Graduate School of Economics
    Also in Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) (2019)
11. Size-dependent VAT, Compliance Costs, and Firm Growth
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (2)

2018

12. Reallocation of Tangible Assets and Productivity
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2017

13. Competition, Uncertainty, and Misallocation
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (2)
14. Do Overseas Subsidiaries Benefit from Parent Firms' Intangibles?
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
15. Does Impaired Loss Accounting Affect firms' Investment? Evidence from Japan (Japanese)
    Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI) View citations (1)
16. Intangible Assets and Firms' Liquidity Holdings: Evidence from Japan
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
17. Intangible Capital and the Choice of External Financing Sources
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
18. Size-dependent Policy and Firm Growth
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (1)
19. Tax Avoidance by Capital Reduction: Evidence from corporate tax reform in Japan
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2016

20. Complementarity and Substitutability between Tangible and Intangible Capital: Evidence from Japanese firm-level data
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (2)
21. Financial Shocks and Firm Exports: A Natural Experiment Approach with a Massive Earthquake
    HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University View citations (1)
    Also in Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) (2014) View citations (5)
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences (2015) View citations (3)
22. Securitization, Asset Risk, and Capital Market Valuation: Evidence from Japanese Real Estate Investment Trusts (J-REITs) (Japanese)
    Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI)
23. The Effect of Real Estate Prices on Banks' Lending Channel
    HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University

2015

24. Financial Shocks, Bankruptcy, and Natural Selection
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (5)
    See also Journal Article Financial shocks, bankruptcy, and natural selection, Japan and the World Economy, Elsevier (2015) View citations (4) (2015)
25. Learning by Export: Does the presence of foreign affiliate companies matter?
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (3)
26. Misallocation and Establishment Dynamics
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (1)
27. R&D Tax Credits, Financial Constraints, and R&D Investments (Japanese)
    Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI)
28. The Going-Public Decision and Post-IPO Performance: Evidence from Japan (Japanese)
    Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI)

2014

29. Business Cycles, Monetary Policy, and Bank Lending: Identifying the bank balance sheet channel with firm-bank match-level loan data
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (10)
30. Demand Shocks and Employment Adjustments: Changes in employee composition at exporting firms during the global financial crisis of 2008-09 (Japanese)
    Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI)
31. Natural Disaster and Natural Selection
    HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University View citations (2)
    Also in Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) (2014) View citations (6)
    Working Paper Series, Center for Interfirm Network, Institute of Economic Research, Hitotsubashi University (2013) View citations (2)
32. The Financial Market Impact of Unconventional Monetary Policies in the U.S., the U.K., the Eurozone, and Japan
    Discussion papers, Policy Research Institute, Ministry of Finance Japan View citations (9)
33. The Impact of a Demand Shock on the Employment of Temporary Agency Workers: Evidence from Japan during the global financial crisis
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
34. Transaction Partners and Firm Relocation Choice: Evidence from the Tohoku Earthquake
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (3)
    Also in HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University (2014) View citations (2)

2013

35. Do Bank Shocks Affect Firm Activities? A Survey
    HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University
36. International Transmission of the 2008-09 Financial Crisis: Evidence from Japan
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (1)

2012

37. Do Financial Frictions Matter as a Source of Misallocation? Evidence from Japan
    Discussion papers, Policy Research Institute, Ministry of Finance Japan View citations (6)
38. Natural Disasters and Firm Dynamics (Japanese)
    Policy Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI) View citations (1)
39. Natural Disasters, Damage to Banks, and Firm Investment
    Working Paper Series, Center for Interfirm Network, Institute of Economic Research, Hitotsubashi University View citations (7)
    Also in Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) (2012) View citations (19)
    See also Journal Article NATURAL DISASTERS, DAMAGE TO BANKS, AND FIRM INVESTMENT, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2016) View citations (19) (2016)

2011

40. International Transmission of the 2008 Crisis: Evidence from the Japanese stock market
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (5)

2010

41. A Model for Bank’s Optimal Asset Securitization Program
    Discussion papers, Graduate School of Economics Project Center, Kyoto University
42. Managerial Entrenchment and Anti-takeover Provisions in Japan
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (1)

2009

43. Do Banks Have Private Information? Bank screening and ex-post small firm performance
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (1)
44. Financial Crisis, Firm Dynamics and Aggregate Productivity in Japan
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (1)
45. Mergers, Innovation, and Productivity: Evidence from Japanese manufacturing firms
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (2)

2007

46. Consolidation of Banks in Japan: Causes and Consequences
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (17)
    See also Chapter Consolidation of Banks in Japan: Causes and Consequences, NBER Chapters, National Bureau of Economic Research, Inc (2009) View citations (8) (2009)

2006

47. Consolidation of Cooperative Banks (Shinkin) in Japan:Motives and Consequences
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (14)

2005

48. Banking Crises, Deposit Insurance, and Market Discipline: Lessons from the Asian Crises
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (6)

2004

49. Bank Regulation and Market Discipline around the World
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (14)
    See also Journal Article Bank Regulation and Market Discipline around the World, Gakushuin Economic Papers, Gakushuin University, Faculty of Economics (2008) (2008)
50. Human Capital, Migration, and Regional Income Convergence in the Philippines
    Hi-Stat Discussion Paper Series, Institute of Economic Research, Hitotsubashi University View citations (11)

1998

51. R&D Expenditure and The Choice between Private and Public Debt --Do the Japanese Main Banks Extract the Firm's Rents?
    Discussion Paper Series, Institute of Economic Research, Hitotsubashi University View citations (2)

Journal Articles

2024

1. The interaction of a size-dependent tax policy and financial frictions: evidence from a tax reform in Japan
   Small Business Economics, 2024, 63, (3), 1293-1320

2023

2. Causal effects of a tax incentive on SME capital investment
   Small Business Economics, 2023, 61, (2), 539-557
   See also Working Paper Causal Effects of a Tax Incentive on SME Capital Investment, Discussion papers (2022) (2022)
3. Determinants and effects of the use of COVID-19 business support programs in Japan
   Journal of the Japanese and International Economies, 2023, 67, (C) View citations (9)
   See also Working Paper Determinants and Effects of the Use of COVID-19 Business Support Programs in Japan, RCESR Discussion Paper Series (2022) (2022)
4. Pricing implications of intervention and debt management in the primary market of Japanese government bonds
   Pacific-Basin Finance Journal, 2023, 77, (C)

2022

5. Japan's productivity stagnation: Using dynamic Hsieh–Klenow decomposition
   Contemporary Economic Policy, 2022, 40, (1), 218-232
6. The Economy and Society under the COVID-19 Pandemic: Evidence from Surveys
   Economic Review, 2022, 73, (2), 133-159

2021

7. Epidemic and Economic Consequences of Voluntary and Request-based Lockdowns in Japan
   Journal of the Japanese and International Economies, 2021, 61, (C) View citations (18)
   See also Working Paper Epidemic and Economic Consequences of Voluntary and Request-based Lockdowns in Japan, Discussion papers (2021) View citations (14) (2021)

2020

8. COMPLEMENTARITY BETWEEN TANGIBLE AND INTANGIBLE CAPITAL: EVIDENCE FROM JAPANESE FIRM-LEVEL DATA
   The Singapore Economic Review (SER), 2020, 65, (05), 1293-1321 View citations (1)

2016

9. International Transmission of the 2007–2009 Financial Crisis: Evidence from Japan
   The Japanese Economic Review, 2016, 67, (3), 295-328 View citations (1)
   Also in The Japanese Economic Review, 2016, 67, (3), 295-328 (2016) View citations (3)
10. NATURAL DISASTERS, DAMAGE TO BANKS, AND FIRM INVESTMENT
    International Economic Review, 2016, 57, (4), 1335-1370 View citations (19)
    See also Working Paper Natural Disasters, Damage to Banks, and Firm Investment, Working Paper Series (2012) View citations (7) (2012)

2015

11. Collateral Value and Financing Constraint: Analysis using Corporate Data after the Great Tohoku Earthquake
    Economic Review, 2015, 66, (3), 224-241
12. Financial shocks, bankruptcy, and natural selection
    Japan and the World Economy, 2015, 36, (C), 123-135 View citations (4)
    See also Working Paper Financial Shocks, Bankruptcy, and Natural Selection, Mo.Fi.R. Working Papers (2015) View citations (5) (2015)
13. The Bank Lending Channel of Real Estate Prices
    Economic Review, 2015, 66, (3), 265-280

2013

14. A Model for Bank Regulator's Intervention Program
    Gakushuin Economic Papers, 2013, 50, (1), 19-30
15. Comment on “Is the Sky the Limit? Can Japanese Government Bonds Continue to Defy Gravity?”
    Asian Economic Policy Review, 2013, 8, (2), 248-249 View citations (1)
16. External Finance Constraints and the Timing of Investment Spikes
    Public Policy Review, 2013, 9, (2), 365-404 View citations (3)
17. Natural Disasters and Firm Dynamics
    Economic Review, 2013, 64, (2), 97-118
18. The Funding through Capital Market and Firm Behavior - Decision-making on IPOs, SEOs and Bond Issues and the Post-funding Investments and R&D Activities
    Public Policy Review, 2013, 9, (2), 315-364 View citations (2)

2012

19. Do Mergers Improve Corporate Performance?―Analysis of Listed and Unlisted Japanese Firms―
    Economic Review, 2012, 63, (1), 28-41

2011

20. Fiscal sustainability in Japan
    Journal of the Japanese and International Economies, 2011, 25, (4), 434-446 View citations (21)
    See also Chapter Fiscal Sustainability in Japan, NBER Chapters, 2010 (2010) View citations (24) (2010)

2010

21. FISCAL SUSTAINABILITY OF JAPAN: A DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM APPROACH
    The Japanese Economic Review, 2010, 61, (4), 517-537 View citations (27)

2008

22. Bank Regulation and Market Discipline around the World
    Gakushuin Economic Papers, 2008, 45, (1), 27-64
    See also Working Paper Bank Regulation and Market Discipline around the World, Discussion papers (2004) View citations (14) (2004)

2006

23. The transmission mechanism of monetary policy in Japan: Evidence from banks' balance sheets
    Journal of the Japanese and International Economies, 2006, 20, (3), 380-405 View citations (44)

2004

24. Corporate governance and research and development: Evidence from Japan
    Economics of Innovation and New Technology, 2004, 13, (2), 141-164 View citations (26)

2003

25. Growth opportunities, collateral and debt structure: the case of the Japanese machine manufacturing firms
    Japan and the World Economy, 2003, 15, (3), 275-297 View citations (9)
26. The Relationship between Relative‐Price Changes and Inflation―Evidence from Six Countries―
    Economic Review, 2003, 54, (3), 206-222

2002

27. The Transmission of Monetary Policy through Borrower's Balance Sheets―Evidence from Panel Data on Japanese Firms―
    Economic Review, 2002, 53, (2), 117-133 View citations (2)

2000

28. BOJ's Market Operations and the Call Rate etc.(in Japanese)
    Economic Analysis, 2000, 162, 5-110 View citations (1)
29. Liquidity Effects and the Demand for Reserves―Evidence from Daily Data in Japan―
    Economic Review, 2000, 51, (4), 346-357 View citations (1)

1997

30. Information Role of the Main Bank System―Reexamined―
    Economic Review, 1997, 48, (4), 306-318

Chapters

2015

1. Bank Lending and Firm Activities: Overcoming Identification Problems
   Springer View citations (4)

2010

2. Fiscal Sustainability in Japan
   A chapter in Fiscal Policy and Crisis, 2010 View citations (24)
   See also Journal Article Fiscal sustainability in Japan, Elsevier (2011) View citations (21) (2011)

2009

3. Comment on "Merger Activities and Stock Market Valuation in China"
   A chapter in Financial Sector Development in the Pacific Rim, 2009, pp 260-262
4. Consolidation of Banks in Japan: Causes and Consequences
   A chapter in Financial Sector Development in the Pacific Rim, 2009, pp 265-309 View citations (8)
   See also Working Paper Consolidation of Banks in Japan: Causes and Consequences, Research Institute of Economy, Trade and Industry (RIETI) (2007) View citations (17) (2007)