Ontology highlight
ABSTRACT:
SUBMITTER: Hoshi T
PROVIDER: S-EPMC9759088 | biostudies-literature | 2023 Feb
REPOSITORIES: biostudies-literature
Hoshi Takeo T Kawaguchi Daiji D Ueda Kenichi K
Journal of banking & finance 20220120
We design and conduct a firm-level survey on the use of COVID-19-related government programs, in collaboration with Tokyo Shoko Research, LTD (TSR). Combining the survey results with the financial statements of the respondent firms, we investigate the factors behind the allocation of various government programs. We find that firms that had low credit scores in 2019, before the COVID-19 pandemic, were more likely to apply for and receive the subsidies and concessional loans offered by the Japanes ...[more]