Economics at your fingertips  

Current Status and Issues Regarding the Role of Financial Institutions in Promoting BCP Efforts: Based on RIETI's Business Consciousness Survey on Business Continuity Plans (BCP) (Japanese)

Nobuyoshi Yamori (), Nobuaki Hamaguchi and Kentaro Noda

Discussion Papers (Japanese) from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: This paper uses the "Business Consciousness Survey on Business Continuity Plans (BCP)" (conducted in October 2018) and presents the current status and issues regarding support programs offered by financial institutions to encourage SMEs to formulate BCPs. According to the survey results, smaller companies, companies with lower capital ratios, and companies with lower profitability are more concerned about their financial situations in the aftermath of natural disasters. Under the SME Strengthening Act (submitted to the Diet in February 2019), financial institutions are expected to support the development of BCPs for SMEs. However, in fact, financial institutions have not been proactive about providing support to SMEs to formulate BCPs. Furthermore, there is insufficient communication between financial institutions and companies in terms of risk management. Finally, the weakness of financial incentives (e.g., lower interest rates or public credit guarantor fees) is not a significant reason for SMEs not to formulate BCPs.

Pages: 40 pages
Date: 2019-06
New Economics Papers: this item is included in nep-ent
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Discussion Papers (Japanese) from Research Institute of Economy, Trade and Industry (RIETI) Contact information at EDIRC.
Bibliographic data for series maintained by TANIMOTO, Toko ().

Page updated 2020-07-13
Handle: RePEc:eti:rdpsjp:19037