Corporate finance

Humanities & social sciences, Money and finance, Money/ Finance

Humanities & social sciences, Public economics, labor economics

Apr. 2015 - Present
日本大学, 経済学部, 教授

Apr. 2015 - Mar. 2019
政策研究大学院大学, 政策研究科, 客員教授

Apr. 2010 - Mar. 2015
政策研究大学院大学, 政策研究科, 客員准教授

Apr. 2010 - Mar. 2015
日本大学, 経済学部, 准教授

Jul. 2006 - Mar. 2010
National Graduate Institute for Policy Studies, Assistant Professor, 政策研究科, 助教授

Nov. 2003 - Jun. 2006
National Graduate Institute for Policy Studies, Research Associate, 政策研究科, 助手

Apr. 2001 - Mar. 2004
The University of Tokyo, Graduate School of Economics, Studies of Contemporary Economy

Apr. 1999 - Mar. 2001
The University of Tokyo, Graduate School of Economics, Studies of Contemporary Economy

Apr. 1995 - Mar. 1999
Aoyama Gakuin University, Faculty of Economics, Economics

地域・業種別にみたコロナ禍における中小企業の借入行動の特徴
鶴田大輔
商工金融, Feb. 2024, Not refereed, Invited
Lead

Determinants and Consequences of Bank Borrowings of Small Businesses: Is the COVID-19 crisis special?
Daisuke Tsuruta
RIETI Discussion Paper Series, Jan. 2024, Not refereed, Not invited
Lead

Credit Allocation and Public Credit Guarantee Schemes for Small Businesses: Evidence from Japan
Daisuke Tsuruta
RIETI Discussion Paper Series, Dec. 2023, Not refereed, Not invited
Lead

Distant Lending for Regional Small Businesses Using Public Credit Guarantee Schemes: Evidence from Japan
Daisuke Tsuruta
Economic Analysis and Policy, Dec. 2023, Refereed
Lead

Bank Loans, Trade Credit, and Liquidity Shortages of Small Businesses during the Global Financial Crisis
Daisuke Tsuruta
International Review of Financial Analysis, Nov. 2023, Refereed, Not invited
Lead

Do Small Businesses Adjust their Capital Structure? Evidence from the Global Financial Crisis in Japan
Daisuke Tsuruta
Accounting & Finance, Apr. 2023, Refereed, Not invited
Lead

Lending Relationships and a Corporate Liquidity Shortage: Evidence from the COVID-19 Shock in Japan
Daisuke Tsuruta
Managerial and Decision Economics, Dec. 2022, Refereed, Not invited
Lead

金融機関と借り手企業のマッチデータを用いた地域貸出市場の実証分析
鶴田大輔
金融庁金融研究センターディスカッションペーパー, Apr. 2022, Not refereed, Not invited
Lead

コロナショックへの企業の対応と政策支援措置：サーベイ調査に基づく分析
植杉威一郎・小野有人・本田朋史・荒木祥太・内田浩史・小野塚祐紀・川口大司・鶴田大輔・深沼光・細野薫・宮川大介・安田行宏・家森信善
経済研究, Apr. 2022, Refereed, Not invited

Bank Loans, Trade Credit, and Liquidity Shortages of Small Businesses during the Global Financial Crisis
Daisuke Tsuruta
Working Paper Series, Research Institute of Economic Science College of Economics, Nihon University, Mar. 2022, Not refereed, Not invited
Lead

Does Trade Credit Absorb Adverse Shocks?
Daisuke Tsuruta and Hirofumi Uchida
RIETI Discussion Paper Series, Nov. 2021, Not refereed, Not invited
Lead

Distant Lending for Regional Small Businesses Using Public Credit Guarantee Schemes: Evidence from Japan
Daisuke Tsuruta
RIETI Discussion Paper Series, Oct. 2021, Not refereed, Not invited
Lead

新型コロナウイルス感染症下における企業実態調査の概要
植杉威一郎、小野有人、本田朋史、荒木祥太、内田浩史、小野塚祐紀、川口大司、鶴田大輔、深沼光、細野薫、宮川大介、安田行宏、家森信善
RIETI Discussion Paper Series, Jun. 2021, Not refereed, Not invited

Lack of successors, firm default, and the performance of small businesses.
Daisuke Tsuruta
Japan and the World Economy, Mar. 2021, Refereed, Not invited
Lead

Can Banks Monitor Small Business Borrowers Effectively Using Hard Information?
Daisuke Tsuruta
Accounting & Finance, Dec. 2020, Refereed, Not invited
Lead

中小企業に対する審査・モニタリングにおけるハード情報の有効性
鶴田大輔
商工金融, Apr. 2020, Not refereed, Invited
Lead

SME Policies as a Barrier to Growth of SMEs
Daisuke Tsuruta
Small Business Economics, Apr. 2020, Refereed, Not invited
Lead

Japan's elderly small business managers: Performance and succession
Daisuke Tsuruta
Journal of Asian Economics, Feb. 2020, Refereed, Not invited
Lead

The Effect of Physical Collateral and Personal Guarantees on Business Start-ups"
Honjo; Yuji; Arito Ono; and Daisuke Tsuruta
RIETI Discussion Paper Series, Oct. 2019, Not refereed, Not invited

Real Driver of Trade Credit
Daisuke Tsuruta and Hirofumi Uchida
Pacific-Basin Finance Journal, Oct. 2019, Refereed, Not invited
Lead

信用保証制度が地域の中小企業金融に与える影響
鶴田大輔
都市問題, Oct. 2019, Not refereed, Invited
Lead

信用保証制度の利用動向とリスク移転の検証
鶴田大輔
平成30年度金融調査研究会第2研究グループ報告書, Jul. 2019, Not refereed, Invited
Lead

Lack of Successors, Firm Default, and the Performance of Small Businesses
Daisuke Tsuruta
RIETI Discussion Paper Series, Jul. 2019, Not refereed, Not invited
Lead

Working Capital Management during the Global Financial Crisis: Evidence from Japan
Daisuke Tsuruta
Japan and the World Economy, Jan. 2019, Refereed, Not invited
Lead

Do Working Capital Strategies Matter? Evidence from Small Business Data in Japan
Daisuke Tsuruta
Asia-Pacific Journal of Financial Studies, Dec. 2018, Refereed, Not invited
Lead

Information asymmetry in small and medium enterprise credit guarantee schemes: evidence from Japan
Kuniyoshi Saito; Daisuke Tsuruta
Applied Economics, May 2018, Refereed, Not invited
Corresponding

貸金市場・銀行カードローン市場の動向と課題
鶴田大輔
個人金融, Nov. 2017, Not refereed, Invited
Lead

Variance of Firm Performance and Leverage of Small Businesses
Daisuke Tsuruta
JOURNAL OF SMALL BUSINESS MANAGEMENT, Jul. 2017, Refereed, Not invited

Working Capital Management during the Financial Crisis: Evidence from Japan
Daisuke Tsuruta
RIETI Discussion Paper Series, Mar. 2017, Not refereed, Not invited
Lead

SME Policies as a Barrier to Growth of SMEs
Daisuke Tsuruta
RIETI Discussion Paper Series, Mar. 2017, Not refereed, Not invited
Lead

No lending relationships and liquidity management of small businesses during a financial shock
Daisuke Tsuruta
JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES, Dec. 2016, Refereed, Not invited

Natural or unnatural selection? The end of lending relationships for small businesses
Daisuke Tsuruta
APPLIED ECONOMICS, 2016, Refereed, Not invited

金融円滑化法終了後における金融実態調査結果の概要
植杉威一郎、深沼光、小野有人、胥鵬、鶴田大輔、根本忠宣、宮川大介、安田行宏、家森信善、渡部和孝、岩木宏道
RIETI Discussion Paper Series, Jun. 2015, Not refereed, Not invited

No Lending Relationships and Liquidity Management of Small Businesses during a Financial Shock
Daisuke Tsuruta
RIETI Discussion Paper Series, May 2015, Not refereed, Not invited
Lead

Leverage and firm performance of small businesses: evidence from Japan
Daisuke Tsuruta
SMALL BUSINESS ECONOMICS, Feb. 2015, Refereed, Not invited

Bank loan availability and trade credit for small businesses during the financial crisis
Daisuke Tsuruta
Quarterly Review of Economics and Finance, Feb. 2015, Refereed, Not invited

Information Asymmetry in SME Credit Guarantee Schemes: Evidence from Japan
Kuniyoshi Saito and Daisuke Tsuruta
RIETI Discussion Paper Series, Jul. 2014, Not refereed, Not invited
Corresponding

Changing banking relationships and client-firm performance: Evidence from Japan for the 1990s
Daisuke Tsuruta
Review of Financial Economics, 2014, Refereed, Not invited

Credit Contagion and Trade Credit: Evidence from Small Business Data in Japan
Daisuke Tsuruta
ASIAN ECONOMIC JOURNAL, Dec. 2013, Refereed, Not invited

Customer relationships and the provision of trade credit during a recession
Daisuke Tsuruta
Applied Financial Economics, Jun. 2013, Refereed, Not invited

Real Driver of Trade Credit
Daisuke Tsuruta and Hirofumi Uchida
RIETI Discussion Paper Series, May 2013, Not refereed, Not invited
Lead

債務超過企業の資金調達と事後的なパフォーマンス：中小企業の財務データによる実証分析
鶴田 大輔
金融構造研究, May 2013, Not refereed, Not invited
Lead

How do small businesses finance their growth opportunities?-The Case of Recovery from the Lost Decade in Japan
Daisuke Tsuruta
Managerial and Decision Economics, Apr. 2012, Refereed, Not invited

Changing Banking Relationships and Client Firm Performance: Evidence for Japan from the 1990s
Daisuke Tsuruta
MPRA Paper, Jan. 2012, Not refereed, Not invited
Lead

貸金業法改正後における企業の資金調達実態調査の概要
植杉威一郎、内田浩史、小野有人、小塚荘一郎、鶴田大輔、君和田貴也
Working Paper Series, Center for Interfirm Network, Institute of Economic Research, Hitotsubashi University, Dec. 2011, Not refereed, Not invited

Nonbank financing and performance of informationally opaque businesses
Daisuke Tsuruta
Applied Financial Economics, 2010, Refereed, Not invited

Do Financial Shocks Have Negative Effects on Small Businesses? New Evidence from Japan for the Late 1990s
Daisuke Tsuruta
B E JOURNAL OF ECONOMIC ANALYSIS & POLICY, 2010, Refereed, Not invited

金融危機下における中小企業金融の現状『企業・金融機関との取引実態調査（2008年2月実施）』、『金融危機下における企業・金融機関との取引実態調査（2009年2月実施）』の結果概要
植杉威一郎・内田浩史・小倉義明・小野有人・胥鵬・鶴田大輔・根本忠宣・平田英明・安田行宏・家森信善・渡部和孝・布袋正樹
RIETI Discussion Paper Series, Jul. 2009, Not refereed, Not invited

Customer Relationships and the Provision of Trade Credit during a Recession
Daisuke Tsuruta
RIETI Discussion Paper Series, Jun. 2009, Not refereed, Not invited
Lead

消費者金融利用者のリスクと借入申込拒絶後の行動 -平成20年度『消費者金融利用者調査』による分析-
鶴田大輔
平成20年度版 消費者金融白書, Mar. 2009, Not refereed, Not invited
Lead

大規模データベースからみた債務超過企業の実態 - 債務超過企業は低収益企業か?
鶴田大輔
信用保険月報, Dec. 2008, Not refereed, Not invited
Lead

Is Bank Dependence Costly for Small Businesses? -The Case of Small Real Estate Agents in Japan?
Daisuke Tsuruta
Empirical Economics Letters, Mar. 2008, Refereed, Not invited
Lead

Bank information monopoly and trade credit: do only banks have information about small businesses?
Daisuke Tsuruta
APPLIED ECONOMICS, 2008, Refereed, Not invited

貸金業規制法の改正と高リスク層への資金供給 -平成19年度『消費者金融利用者調査』による分析-
鶴田大輔
p64-p71, Dec. 2007, Not refereed, Not invited
Lead

中小企業における企業間信用の機能
鶴田大輔
中小企業総合研究, Jul. 2007, Not refereed, Not invited
Lead

Credit Contagion and Trade Credit Supply: Evidence from Small Business Data in Japan
Daisuke Tsuruta
RIETI Discussion Paper Series, May 2007, Not refereed, Not invited
Lead

Debt Structure and Bankruptcy of Financially Distressed Small Businesses
Daisuke Tsuruta and Peng Xu
RIETI Discussion Paper Series, May 2007, Not refereed, Not invited
Lead

経営不振に陥った中小企業の存続期間と債務者構成
胥鵬・鶴田大輔
RIETI Discussion Paper Series, Feb. 2006, Not refereed, Not invited

ノンバンク融資と中小企業のモラルハザード問題
鶴田大輔
RIETI Discussion Paper Series, Nov. 2005, Not refereed, Not invited
Lead

中小企業金融の実証研究に関するサーベイ -マイクロデータによる実証分析に注目して-
鶴田大輔
商工金融, Jan. 2003, Not refereed, Not invited
Lead

（経済教室）中小企業の資金繰り支援 新陳代謝阻害せぬ枠組みを
鶴田大輔
日本経済新聞, 12 May 2020, Not refereed, Invited
Lead

中小企業の後継者不足問題と事業承継の効果
鶴田大輔
金融財政事情, Nov. 2019, Not refereed, Invited
Lead

信用補完制度見直しの背景と実効性
鶴田大輔
金融ジャーナル, May 2019, Not refereed, Invited
Lead

銀行カードローンを取り巻く環境 ―残高拡大の背景と健全度に対する考察
鶴田大輔
金融ジャーナル, Oct. 2018, Not refereed, Invited
Lead

金融機関における「信用保証」の適正活用
鶴田大輔
金融ジャーナル, Jul. 2017, Not refereed, Invited
Lead

中小企業論 ―組織のライフサイクルとエコシステム
Single work, 第７章「中小企業の金融」
同友館, Dec. 2021, Not refereed

SME Policies as a Barrier to Growth of SMEs
鶴田大輔
日本経済学会秋季大会, Sep. 2017, 日本経済学会, Not invited

Performance of Elderly Small Business Managers and the Effects of Succession
鶴田大輔
日本経済学会春季大会, Jun. 2017, 日本経済学会, Not invited

Oct. 2017 - Present
Japan Academy of Small Business Studies

Apr. 2004 - Present
Japan Law and Economics Association

May 2001 - Present
日本経済学会

コロナショックにおける中小企業金融の実証分析と政策の評価
日本学術振興会, 科学研究費助成事業, 01 Apr. 2021 - 31 Mar. 2025
鶴田 大輔

Empirical studies for working capital of small businesses
Japan Society for the Promotion of Science, Grants-in-Aid for Scientific Research, 01 Apr. 2016 - 31 Mar. 2020
Tsuruta Daisuke

Empirical studies on small business finance during the macroeconomic shock
Japan Society for the Promotion of Science, Grants-in-Aid for Scientific Research, 01 Apr. 2012 - 31 Mar. 2016
TSURUTA Daisuke

Empirical studies on finance in small businesses recovering from the recession.
Japan Society for the Promotion of Science, Grants-in-Aid for Scientific Research, 2009 - 2011
TSURUTA Daisuke

Development of the Cost Benefit Analysis Method of the Planning Regulation for Industrial Development and Regional Grows
Japan Society for the Promotion of Science, Grants-in-Aid for Scientific Research, 2007 - 2009
SHIMOMURA Ikuo; FUKUI Hideo; KUME Yoshiaki; TSURUTA Daisuke

Empirical Studies of Small Business Financing in Japan
Japan Society for the Promotion of Science, Grants-in-Aid for Scientific Research, 2006 - 2008
TSURUTA Daisuke

中小企業のマイクロデータを用いた実証分析