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What is the impact of problem loans on Japanese bank productivity growth?

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posted on 2023-06-09, 17:14 authored by Emmanuel Mamatzakis, Roman Matousek, Anh VuAnh Vu
This paper examines for the first time the impact of problem loans on productivity growth. We exploit a new data set of problem loans, identified as bankrupt and restructured loans, particularly available for Japanese commercial banks. Our parametric methodology quantifies the impact of these loans on productivity growth of the Japanese banking system, which endured a long-lasting effect of the crisis in the early 1990s. The results reveal that Japanese bank productivity growth was severely constrained by bankrupt loans. Further, we perform convergence cluster analysis to examine convergence across regions and over time. Limited convergence is observed, though Regional Banks seem to form convergence clusters for some regions which are illustrated by the blue and green areas in our map of Japan.

History

Publication status

  • Published

File Version

  • Accepted version

Journal

Financial Markets, Institutions And Instruments

ISSN

0963-8008

Publisher

Wiley

Issue

2

Volume

28

Page range

213-240

Department affiliated with

  • Accounting and Finance Publications

Research groups affiliated with

  • Business and Finance Research Group Publications

Notes

Special Issue: 2016 Portsmouth – Fordham Conference on Banking and Finance

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2019-06-19

First Open Access (FOA) Date

2021-03-05

First Compliant Deposit (FCD) Date

2019-06-17

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