| Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2021: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2020: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2019: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2018: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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| Outline of Final Research Achievements |
The core question of this research is what income is and how it is measured. More concretely, I have tried to construct an operational income concept based on economic theory. From the viewpoint of modern finance theory, the investor's aim is not to maximize the value of the stock, but to construct the optimal multiperiod income flows. In this research, I have tried to construct an income concept consistent with the aforementioned aim, and have shown that such a concept exists.
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