Economic Analysis of the ‘Loan-Concentration’ Mechanism

Yoshiro Miwa ()

Chapter 5 in Firms and Industrial Organization in Japan, 1996, pp 83-99 from Palgrave Macmillan

Abstract: Abstract This chapter examines the ‘loan-concentration’ mechanism, often referred to as financial dual structure, dual structure in the flow of funds and financial burden shifting. The loan-concentration view asserts that a de facto mechanism in the Japanese financial sector directed loans to large firms rather than small businesses, thereby harming the financial interests of small business. Loan concentration is closely related to keiretsu loans, main banks and corporate groups, and has been accepted as a serious phenomenon since the second half of the 1950s. Together with the dual-structure view, the loan-concentration view has been the basis of small business policy, especially in the 1960s.

Keywords: Small Business; Financial Institution; Large Firm; Success Ratio; Large Bank (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37146-0_5

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DOI: 10.1057/9780230371460_5

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