 What kinds of credit associations favour introducing new financial technology?Nobuyoshi Yamori, Kei Tomimura and Kozo Harimaya Applied Economics Letters, 2011, vol. 18, issue 4, 343-347 Abstract: Since 2003, the Financial Services Agency (FSA) has set relationship banking enhancement program as an important strategic task to improve the functions of regional financial institutions. In this enhancement program, the FSA recommended that regional financial institutions introduce new financial products such as collateralized loan obligations (CLOs) and collateralized bond obligations (CBOs). However, this was left up to each institution's discretion rather than being mandatory. This resulted in a large difference in the introduction of new products. Therefore, this article has analysed what kinds of credit associations favourably increased the use of new financial products. As a result, it has been confirmed that the larger their lending shares and management scale and the better their business conditions are, the more positively they work on the introduction of new products. Considering the fact that relationships between financial institutions and enterprises tend to be fixed in Japan, this means that medium and small enterprises will have restrictions on the financial products they can use depending on the situation of their main banks. Date: 2011 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:18:y:2011:i:4:p:343-347 Ordering information: This journal article can be ordered from DOI: 10.1080/13504851003636131 Access Statistics for this article Applied Economics Letters is currently edited by Anita Phillips More articles in Applied Economics Letters from Taylor & Francis Journals |
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