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Empirical study on changing nature of firm structure and bank-firm relationship of Japanese firms

Research Project

Project/Area Number 15K03553
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Money/ Finance
Research InstitutionChuo University

Principal Investigator

Koibuchi Satoshi  中央大学, 商学部, 教授 (60361672)

Project Period (FY) 2015-04-01 – 2019-03-31
Project Status Completed (Fiscal Year 2018)
Budget Amount *help
¥3,900,000 (Direct Cost: ¥3,000,000、Indirect Cost: ¥900,000)
Fiscal Year 2017: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2016: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2015: ¥2,080,000 (Direct Cost: ¥1,600,000、Indirect Cost: ¥480,000)
Keywords銀行企業間関係 / 海外企業買収 / 生産販売構造 / 為替リスクイクスポージャー / 金融危機 / 金融規制 / 金融システム / 人口減少 / 企業再建 / M&A / 為替リスク / インボイス通貨 / 日本企業 / 銀行破綻 / 銀行破綻処理 / 途絶率 / 大規模企業データベース
Outline of Final Research Achievements

We conducted the research on the bank-firm relationship under the financial crises in recent decades, and the globalization of Japanese firms. Using data on the geographical distribution of production, sales and assets available in financial statements, this study observed how Japan’s three major export-oriented manufacturing industries shifted their geographical distribution of production, sales and assets among the world’s four major regions during the fiscal years from 1999 to 2015. A region-by-region breakdown of production, sales and assets at major Japanese export-oriented manufacturers indicates that robust cash flow and fewer opportunities for plant and equipment investment characterize head offices of Japanese companies located in Japan that have built networks of local subsidiaries in major regions of the world. We also found the large-scale cross-border mergers effectively reorganized the product portfolio for Japanese firms seeking further growth opportunity.

Academic Significance and Societal Importance of the Research Achievements

近年の日本企業について、多額の現金が企業によって保蔵されながら、十分に国内投資を実施していないことが経済現象としてだけでなく、社会・政治的な問題点として取り挙げられてきた。本研究では、多角化され、そして多国籍化した日本企業を事業及び地域別セグメント情報によってとらえることにより、過去20年間に日本の主要産業がどのように生産販売構造を変化させてきたか、さらに、日本企業が過去20年積極的に遂行してきた大型の海外事業買収をどのように評価されるかについて、事業及び地域セグメント情報による分析という同分野の学術研究がからみて新しい分析手法と結果を提示した。

Report

(5 results)
  • 2018 Annual Research Report   Final Research Report ( PDF )
  • 2017 Research-status Report
  • 2016 Research-status Report
  • 2015 Research-status Report
  • Research Products

    (17 results)

All 2019 2018 2017 2016 Other

All Int'l Joint Research (1 results) Journal Article (9 results) (of which Int'l Joint Research: 2 results,  Peer Reviewed: 5 results,  Open Access: 9 results,  Acknowledgement Compliant: 1 results) Presentation (6 results) (of which Int'l Joint Research: 4 results) Book (1 results)

  • [Int'l Joint Research] Federal Reserve Bank, San Francisco(米国)

    • Related Report
      2016 Research-status Report
  • [Journal Article] 日本企業の海外企業買収と事業パフォーマンス2019

    • Author(s)
      鯉渕賢・後藤瑞貴
    • Journal Title

      経済分析

      Volume: 200号 Pages: 49-82

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] he Decline in Bank-led Corporate Restructuring in Japan: 1981-20102018

    • Author(s)
      Takeo Hoshi and Ulrike Schaede
    • Journal Title

      Journal of the Japanese and International Economics

      Volume: Volume 47 Pages: 81-90

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Geographical Distribution of Firm Structure and Capital Investment: Cases of Major Japanese Exporters2018

    • Author(s)
      Satoshi Koibuchi and Mizuki Goto
    • Journal Title

      Public Policy Review

      Volume: Vol.14, No.3 Pages: 461-488

    • Related Report
      2018 Annual Research Report
    • Open Access
  • [Journal Article] 将来人口推計に基づく都道府県別の個人預金市場規模の将来予測:北海道東 北7道県のケース2018

    • Author(s)
      鯉渕賢・後藤瑞貴
    • Journal Title

      トラスト未来フォーラム研究叢書

      Volume: 83 Pages: 103-126

    • Related Report
      2018 Annual Research Report
    • Open Access
  • [Journal Article] The Decline in Bank-led Corporate Restructuring in Japan: 1981-20102018

    • Author(s)
      Takeo Hoshi, Satoshi Koibuchi, and Ulrike Sheade
    • Journal Title

      Journal of the Japanese and International Economics

      Volume: Article in Press

    • Related Report
      2017 Research-status Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Geographical Distribution of Firm Structure and Capital Investment: Cases of Major Japanese Exporters2018

    • Author(s)
      Satoshi Koibuchi and Mizuki Goto
    • Journal Title

      Public Policy Review

      Volume: Forthcoming

    • Related Report
      2017 Research-status Report
    • Open Access
  • [Journal Article] Cross-Border Merger and Currency Risk: Evidences from In-Out M&As of Japanese Firms2018

    • Author(s)
      Mizuki Goto and Satoshi Koibuchi
    • Journal Title

      RIETI Discussion Paper

      Volume: Forthcoming

    • Related Report
      2017 Research-status Report
    • Peer Reviewed / Open Access
  • [Journal Article] 日本の主要輸出業種の生産販売構造の地理的分布と設備投資行動2017

    • Author(s)
      鯉渕賢・後藤瑞貴
    • Journal Title

      フィナンシャルレビュー

      Volume: 132 Pages: 81-108

    • Related Report
      2017 Research-status Report
    • Open Access
  • [Journal Article] Financial Regulatory Reform in Global Perspective: Discussion in the Global Summit of Shadow Financial Regulatory Committees2016

    • Author(s)
      Satoshi Koibuchi
    • Journal Title

      Public Policy Review (Policy Research Institute, Ministry of Finance)

      Volume: 13 Pages: 239-251

    • Related Report
      2016 Research-status Report
    • Peer Reviewed / Open Access / Acknowledgement Compliant
  • [Presentation] 海外企業買収と事業パフォーマンス2019

    • Author(s)
      鯉渕賢
    • Organizer
      日本金融学会春季大会
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Cross-border Mergers and Acquired Business Performance2019

    • Author(s)
      Satoshi Koibuchi
    • Organizer
      Asia Pacific Economic Association
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Cross-border Merger and Currency Risk: Evidences from In-Out M&As of Japanese Firms2018

    • Author(s)
      Satoshi Koibuchi
    • Organizer
      Western Economic Association at Vancouber
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Cross-Border Merger and Currency Risk: Evidences from In-Out M&As of Japanese Firms2017

    • Author(s)
      Satoshi Koibuchi
    • Organizer
      Singapore Economic Review Conference
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] 日本の主要輸出業種の生産販売構造の地理的分布と設備投資行動2017

    • Author(s)
      鯉渕賢
    • Organizer
      日本金融学会秋季大会
    • Related Report
      2017 Research-status Report
  • [Presentation] M&Aは日本企業の為替リスクエクスポージャーをどのように変化させるか?1990年代以降の海外企業買収のケーススタディ2016

    • Author(s)
      鯉渕賢
    • Organizer
      2016年度日本金融学会秋季大会
    • Place of Presentation
      関西大学
    • Year and Date
      2016-10-15
    • Related Report
      2016 Research-status Report
  • [Book] Managing Currency Risk2018

    • Author(s)
      Takatoshi Ito, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu
    • Total Pages
      274
    • Publisher
      Edward Elgar
    • ISBN
      9781785360121
    • Related Report
      2018 Annual Research Report

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Published: 2015-04-16   Modified: 2022-02-16  

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