Developing new methods for valuation of Japanese firms
| Project/Area Number |
19330072
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| Research Category |
Grant-in-Aid for Scientific Research (B)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Ritsumeikan University |
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Principal Investigator |
HOR Keiichi (HORI Keiichi) Ritsumeikan University, 経済学部, 教授 (50273561)
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| Co-Investigator(Kenkyū-buntansha) |
AKAHORI Jirou 立命館大学, 理工学部, 教授 (50309100)
OGAWA Shigeyoshi 立命館大学, 理工学部, 教授 (80101137)
JIE Qin 立命館大学, 経済学部, 教授 (40329751)
HIBARA Nobuhiko 立命館大学, 経営学部, 准教授 (10434698)
YAMADA Toshio 立命館大学, 理工学部, 教授 (10037749)
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| Project Period (FY) |
2007 – 2010
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| Project Status |
Completed (Fiscal Year 2010)
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| Budget Amount *help |
¥16,380,000 (Direct Cost: ¥12,600,000、Indirect Cost: ¥3,780,000)
Fiscal Year 2010: ¥3,250,000 (Direct Cost: ¥2,500,000、Indirect Cost: ¥750,000)
Fiscal Year 2009: ¥5,070,000 (Direct Cost: ¥3,900,000、Indirect Cost: ¥1,170,000)
Fiscal Year 2008: ¥2,990,000 (Direct Cost: ¥2,300,000、Indirect Cost: ¥690,000)
Fiscal Year 2007: ¥5,070,000 (Direct Cost: ¥3,900,000、Indirect Cost: ¥1,170,000)
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| Keywords | ファイナンス / 企業価値 / 確率微分方程式 / 確率過程 / コーポレート・ガバナンス |
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| Research Abstract |
We developed new methods for valuation of firms in the light of institutional characteristics of Japanese financial markets. From a theoretical view, it is shown that an adequate risk management or corporate governance brought about by systemic reforms can improve firm value. Some empirical studies we conducted implies that Japanese firms and banks selected financial strategies that improve their firm value during the 2000s, taking into account the lessons learned from what they experienced in the 1990s.
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Report
(6 results)
Research Products
(51 results)
