Estimation of Social and Institutional Factors in Southeast Asian Corporate Financing
| Project/Area Number |
21530293
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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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 | Hitotsubashi University |
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Principal Investigator |
OKUDA Hidenobu 一橋大学, 大学院・経済学研究科, 教授 (00233461)
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| Project Period (FY) |
2009 – 2011
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| Project Status |
Completed (Fiscal Year 2011)
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| Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2011: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2010: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2009: ¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000)
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| Keywords | 金融論 / 企業資金調達 / 企業投資行動 / 政府支配 / 外資系企業 / 民族的所有構造 / フィリピン / ベトナム / インドネシア / 移行経済 / 経済制度 / 銀行業 / Data Envelopment Analysis / 企業資金調達行動 / 制度経済 / 東南アジア / 計量経済分析 |
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| Research Abstract |
In developing countries, informal socio-cultural networks as well as business conglomerates are recognized to complement the formal economic system. We estimated the influence of these informal factors on business activities of Asian companies by using the micro level data. Our estimation results suggested that informal networks functioned as substitutes for formal system when legal and economic system was underdeveloped. However, as the formal system was modernized and strengthened, the influence of the socio-cultural elements on business operations of companies weakened.
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Report
(4 results)
Research Products
(24 results)
