Arito Ono’s Homepage

Books

• Haneda, Shoko, and Arito Ono, R&D Management Practices and Innovation: Evidence from a Firm Survey, Springer Briefs in Economics, Tokyo: Springer, 2022.
• Watanabe, Tsutomu, Iichiro Uesugi, and Arito Ono (Eds.), The Economics of Interfirm Networks, Advances in Japanese Business and Economics Vol. 4, Tokyo: Springer, 2015.
• Uchida, Hirofumi, Arito Ono, Souichirou Kozuka, Makoto Hazama, and Iichiro Uesugi, Interfirm Relationships and Trade Credit in Japan: Evidence from Micro-Data, Springer Briefs in Economics, Tokyo: Springer, 2015.

Refereed Articles

• Honjo, Yuji, Arito Ono, and Daisuke Tsuruta, “The effect of physical collateral and personal guarantees on business startups,” Journal of Economics and Business, accepted, March 2024.
• Ono, Arito, Yukiko Saito, Koji Sakai, and Iichiro Uesugi, “Does Geographical Proximity Matter in Small Business Lending? Evidence from Changes in Main Bank Relationships,” Asia-Pacific Journal of Financial Studies, 52(5), pp. 819–855, October 2023.
• Haneda, Shoko, and Arito Ono, “Corporate culture and product innovation: evidence from a firm survey,” Applied Economics Letters, accepted, June 2023.
• Honda, Tomohito, Kaoru Hosono, Daisuke Miyakawa, Arito Ono, and Iichiro Uesugi, “Determinants and Effects of the Use of COVID-19 Business Support Programs in Japan,” Journal of the Japanese and International Economies, 67, 101239, March 2023.
• Iwaisako, Tokuo, Arito Ono, Amane Saito, and Hidenobu Tokuda, “Disentangling the effect of home ownership on household stockholdings: Evidence from Japanese micro data,” Real Estate Economics, 50(1), pp. 268–295, Spring 2022.
• Ono, Arito, Hirofumi Uchida, Gregory Udell, and Iichiro Uesugi, “Lending Pro-Cyclicality and Macro-Prudential Policy: Evidence from Japanese LTV Ratios,” Journal of Financial Stability, 53, 100819, April 2021.
• Hosono, Kaoru, Daisuke Miyakawa, Taisuke Uchino, Makoto Hazama, Arito Ono, Hirofumi Uchida, and Iichiro Uesugi, “Natural Disasters, Damage to Banks, and Firm Investment,” International Economic Review, 57(4), pp. 1335–1370, November 2016.
• Uchida, Hirofumi, Daisuke Miyakawa, Kaoru Hosono, Arito Ono, Taisuke Uchino, and Iichiro Uesugi, “Financial Shocks, Bankruptcy, and Natural Selection,” Japan and the World Economy, 36, pp. 123–135, November 2015.
• Ono, Arito, Ryo Hasumi, and Hideaki Hirata, “Differentiated use of small business credit scoring by relationship lenders and transactional lenders: Evidence from firm-bank matched data in Japan,” Journal of Banking & Finance, 42, pp. 371-380, May 2014.
• Ono, Arito, Iichiro Uesugi, and Yukihiro Yasuda, “Are lending relationships beneficial or harmful for public credit guarantees? Evidence from Japan’s Emergency Credit Guarantee Program,” Journal of Financial Stability, 9(2), pp. 151–167, June 2013.
• Ono, Arito, Koji Sakai and Iichiro Uesugi, “The effects of collateral on firm performance,” Journal of the Japanese and International Economies, 26(1), pp. 84–109, March 2012.
• Ono, Arito and Iichiro Uesugi, “Role of Collateral and Personal Guarantees in Relationship Lending: Evidence from Japan’s SME Loan Market,” Journal of Money, Credit, and Banking, 41(5), pp. 935–960, August 2009.

Non-refereed Articles

• Ono, Arito, Hirofumi Uchida, Souichirou Kozuka, and Makoto Hazama, “A New Look at Bank-Firm Relationships and the Use of Collateral in Japan: Evidence from Teikoku Databank Data,” in Watanabe, Tsutomu, Iichiro Uesugi, and Arito Ono (Eds.), The Economics of Interfirm Networks, Advances in Japanese Business and Economics Vol. 4, pp. 191–214, Tokyo: Springer, 2015.
• Ono, Arito, and Iichiro Uesugi, “SME Financing in Japan during the Global Financial Crisis: Evidence from Firm Surveys,” International Review of Entrepreneurship 12(4), pp. 191–218, 2014. (invited article to the special issue on “International Perspectives on Small Businesses, Bank Credit and the Global Financial Crisis”)
• Noda, Akihiko, Tomoyuki Ohta, and Arito Ono, “Determinants of Transaction-based Lending to SMEs in Japan: Borrower Characteristics Evidence from the MHRI Survey,” Mizuho Research Paper Vol. 14, July 2007.
• Ono, Arito, “The Current Status of Small Business Credit Scoring in Japan: based upon survey evidence on its use by Japanese banks,” Mizuho Research Paper Vol. 6, August 2005.
• Ono, Arito, “A Cure Worse than the Disease? Involving the Private Sector in Emerging Market Crises,” Fuji Research Paper Vol. 24, July 2002.

Working Papers

• Honda, Tomohito, Kaoru Hosono, Daisuke Miyakawa, Arito Ono, Iichiro Uesugi, “Imperfect Take-up of COVID-19 Business Support Programs,” RIETI Discussion Paper Series 24-E-001, January 2024.
• Honda, Tomohito, Arito Ono, Iichiro Uesugi, and Yukihiro Yasuda, “Anatomy of Out-of-court Debt Workouts for SMEs,” RIETI Discussion Paper Series 23-E-088, December 2023.
• Gunji, Hiroshi, Arito Ono, Masato Shizume, Hirofumi Uchida, and Yukihiro Yasuda, “Unit Cost of Financial Intermediation in Japan, 1954‒2020,” RIETI Discussion Paper Series 23-E-076, October 2023.
• Haneda, Shoko, Koki Kurihara, and Arito Ono, “The Effect of Staged Project Management on Product Innovation: Evidence from a Firm Survey,” NISTEP Discussion Paper No. 209, June 2022. Revised version available on the ZEW and the SSRN, March 2023.
• Hosono, Kaoru, Daisuke Miyakawa, Arito Ono, Hirofumi Uchida, and Iichiro Uesugi, “Damage to the Transportation Infrastructure and Disruption of Inter-firm Transactional Relationships,” RIETI Discussion Paper Series 19-E-043, June 2019.
• Uesugi, Iichiro, Kaoru Hosono, Daisuke Miyakawa, Arito Ono, Hirofumi Uchida, “Reallocation of Tangible Assets and Productivity,” Hitotsubashi University Real Estate Markets, Financial Crisis, and Economic Growth: An Integrated Economic Approach Working Paper Series No. 80, March 2018.
• Uesugi, Iichiro, Daisuke Miyakawa, Kaoru Hosono, Arito Ono, and Hirofumi Uchida, “The Collateral Channel versus the Bank Lending Channel: Evidence from a Massive Earthquake,” Hitotsubashi University Real Estate Markets, Financial Crisis, and Economic Growth: An Integrated Economic Approach Working Paper Series No. 79, March 2018. Revised version available on the SSRN, January 2023.
• Ono, Arito, Katsushi Suzuki, and Iichiro Uesugi, “When Japanese banks become pure creditors: Effects of declining shareholding by banks on bank lending and firms’ risk-taking,” Hitotsubashi University Real Estate Markets, Financial Crisis, and Economic Growth: An Integrated Economic Approach Working Paper Series No. 76, March 2018. Revised version available on the SSRN, August 2023.
• Ono, Arito, Kosuke Aoki, Shinichi Nishioka, Kohei Shintani, and Yosuke Yasui, “Long-term interest rates and bank loan supply: Evidence from firm-bank loan-level data,” TCER Working Paper E–119, February 2018.
• Ono, Arito, and Yukihiro Yasuda, “Forgiveness versus financing: The determinants and impact of SME debt forbearance in Japan,” RIETI Discussion Paper Series 17-E-086, May 2017.
• Iwaisako, Tokuo, Arito Ono, Amane Saito, and Hidenobu Tokuda, “Impact of population aging on household savings and portfolio choice in Japan,” Hitotsubashi University Real Estate Markets, Financial Crisis, and Economic Growth: An Integrated Economic Approach Working Paper Series No. 61, September 2016.
• Uchida, Hirofumi, Daisuke Miyakawa, Kaoru Hosono, Arito Ono, Taisuke Uchino, and Iichiro Uesugi, “Natural Disaster and Natural Selection,” RIETI Discussion Paper Series 14-E-055, September 2014.
• Ono, Arito, Daisuke Miyakawa, Kaoru Hosono, Taisuke Uchino, Hirofumi Uchida, and Iichiro Uesugi, “Transaction Partners and Firm Relocation Choice: Evidence form the Tohoku Earthquake,” RIETI Discussion Paper Series 14-E-054, September 2014.
• Miyakawa, Daisuke, Kaoru Hosono, Taisuke Uchino, Arito Ono, Hirofumi Uchida, and Iichiro Uesugi, “Financial Shocks and Firm Exports: A natural experiment approach with a massive earthquake,” RIETI Discussion Paper 14-E-010, February 2014.
• Ono, Arito, “The Role of Credit Scoring in Small Business Lending,” Paper presented at the ADB Institute Training Seminar “Financial Information Infrastructure and SME Finance,” May 2006.
• Ono, Arito, “On the Role of a Regional Lender of Last Resort,” IDE-JETRO APEC Working Paper, March 2004.
• Ono, Arito, “The Political Economy of Branching Restrictions: Menu Auction Approach,” Paper presented at the Japan Society of Monetary Economics Spring Annual Meeting, May 2001.

Columns

• Ono, Arito, “Does geographical proximity still matter in small business lending?” ChuoOnline, 7 November 2023.
• Ono, Arito, “Disentangling loan demand and loan supply shocks: Review on recent literature,” ChuoOnline, 1 October 2015.
• Uchida, Hirofumi, and Arito Ono, “Natural disasters, natural selection, and firm exit: Lessons from the Tohoku earthquake,” VOX Column, 11 February 2015.

 

For recent publication in Japanese, see here

Last update:2024.04.02