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A Comparative Study on Regional Finance in Japan and Korea: Evidence from Three Questionnaires

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  • Yamori, Nobuyoshi
  • Hirakawa, Hitoshi

Abstract

In this paper, to analyze the similarities and differences between the regional finance of Japan and South Korea (hereinafter, “Korea”), we compared questionnaires to small to midsize companies located in Korea’s Daegu/Gyeongbuk region with questionnaires to small to midsize companies located in Japan’s Kansai and Tokai regions. From the results, we were able to confirm that regional finance systems in Japan and Korea are very similar. For example, in the US, there is an overwhelming amount of small to midsize companies with only one partner bank, however, in Japan and Korea, having multiple partner banks is the norm. Therefore, the practice of having multiple partner banks should not be considered as being unique to Japan, rather, it can be inferred that such a phenomenon is natural in certain social, economical, and legal systems. Contrastingly, we found various differences between Japan and Korea. For example, in response to the question on the assessment of financial institutions, Korea firms gave the most positive assessment for “provision of funds,” whereas Japanese firms gave the most positive assessment for “knowledge on your companies.” These differences can be understood as the causes of the discrepancy between Japan and Korea in the level of economic development.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18234.

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Date of creation: 29 Oct 2009
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Handle: RePEc:pra:mprapa:18234

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Keywords: Japan; Korea; SME Finance; Regional Banking.;

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  1. Hans Degryse, 2004. "The Impact of Technology and Regulation on the Geographical Scope of Banking," Oxford Review of Economic Policy, Oxford University Press, Oxford University Press, vol. 20(4), pages 571-590, Winter.
  2. Yamori, Nobuyoshi, 2009. "What Types of Small and Medium-sized Businesses Are Utilizing New Financial Products?," MPRA Paper 17494, University Library of Munich, Germany.
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