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Asset Based Lending("ABL") in Japan : Transactions lending or relationship lending?
https://doi.org/10.18956/00006049
https://doi.org/10.18956/00006049293cb784-8fb5-483d-8397-06e76c1b526d
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
r100_12.pdf (961.6 kB)
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| Item type | 本学紀要論文 / Departmental Bulletin Paper(1) | |||||||||||
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| 公開日 | 2016-09-05 | |||||||||||
| タイトル | ||||||||||||
| タイトル | Asset Based Lending("ABL") in Japan : Transactions lending or relationship lending? | |||||||||||
| 言語 | en | |||||||||||
| 言語 | ||||||||||||
| 言語 | eng | |||||||||||
| 作成者 |
金城, 亜紀
× 金城, 亜紀
WEKO
14934
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| 作成者所属(日) | ||||||||||||
| 言語 | ja | |||||||||||
| 値 | 関西外国語大学 | |||||||||||
| 作成者所属(英) | ||||||||||||
| 言語 | en | |||||||||||
| 値 | Kansai Gaidai University | |||||||||||
| 記事種別 | ||||||||||||
| 内容記述タイプ | Other | |||||||||||
| 内容記述 | 論文 | |||||||||||
| 言語 | ja | |||||||||||
| 記事種別 | ||||||||||||
| 内容記述タイプ | Other | |||||||||||
| 内容記述 | ARTICLE | |||||||||||
| 言語 | en | |||||||||||
| 抄録 | ||||||||||||
| 内容記述タイプ | Abstract | |||||||||||
| 内容記述 | The Japanese government has been promoting a type of secured lending that usesinventory and accounts receivable ascollateral. It is generally called "Asset Based Lending", or "ABL" in Japan. Interms of lending technology, some argue that "ABL" is transactions lending, while others argue that it is relationship lending. This paper, through a case study with a Japanese regional bank, provides empirical evidence that the majority of so called "ABL"in Japan is not transactions lending. In doing so, this paper identifies four features (appraisal, advance rate, borrowing base and monitoring) that characterize" ABL" as transactions ending.Outlining these features demonstrate how such lender manages the credit exposure of the loan in accordance with the liquidation value of the collateral. This paper finds that the majority of "ABL" loans do not possess such features, indicating that they cannot be categorized as transactions lending. Specialization in lending technologies and lack of sufficient otection of lender's security interest in the collateral during bankruptcy proceedings may be the reasons why banks in Japan are reluctant to conduct "ABL" as a form of transactions lending. The paper argues that it is incorrect to call every secured lending that uses inventory and accounts receivable as collateral, "ABL". Only such loans that qualify as transactions lending should be categorized as asset-based lending, or ABL, which is how this terminology is used outside of Japan. | |||||||||||
| 言語 | en | |||||||||||
| キーワード | ||||||||||||
| 言語 | en | |||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | Asset Based Lending | |||||||||||
| キーワード | ||||||||||||
| 言語 | en | |||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | ABL | |||||||||||
| キーワード | ||||||||||||
| 言語 | en | |||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | transactions lending | |||||||||||
| キーワード | ||||||||||||
| 言語 | en | |||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | relationship lending | |||||||||||
| 書誌情報 |
ja : 研究論集 en : Journal of Inquiry and Research 巻 100, p. 205-220, 発行日 2014-09 |
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| 出版者 | ||||||||||||
| 出版者 | 関西外国語大学・関西外国語大学短期大学部 | |||||||||||
| 言語 | ja | |||||||||||
| 出版者 | ||||||||||||
| 出版者 | Kansai Gaidai University | |||||||||||
| 言語 | en | |||||||||||
| ISSN | ||||||||||||
| 収録物識別子タイプ | PISSN | |||||||||||
| 収録物識別子 | 0388-1067 | |||||||||||
| NCID | ||||||||||||
| 収録物識別子タイプ | NCID | |||||||||||
| 収録物識別子 | AN00046756 | |||||||||||
| 資源タイプ | ||||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||||||
| 資源タイプ | departmental bulletin paper | |||||||||||
| アクセス権 | ||||||||||||
| アクセス権 | open access | |||||||||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||||||||
| 論文のバージョン | ||||||||||||
| 出版タイプ | VoR | |||||||||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||||||
| ID登録 | ||||||||||||
| ID登録 | 10.18956/00006049 | |||||||||||
| ID登録タイプ | JaLC | |||||||||||
| 表示順 | ||||||||||||
| 値 | 12 | |||||||||||
