Stock Market Reactions to Offences against Food Safety
Project/Area Number |
21780201
|
Research Category |
Grant-in-Aid for Young Scientists (B)
|
Allocation Type | Single-year Grants |
Research Field |
Agro-economics
|
Research Institution | Hokkaido University |
Principal Investigator |
|
Project Period (FY) |
2009 – 2011
|
Project Status |
Completed (Fiscal Year 2011)
|
Budget Amount *help |
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2011: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2010: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2009: ¥2,470,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥570,000)
|
Keywords | 食をめぐる事件 / 食品関連企業 / 株価変動 / 動的相関係数 / 多変量 GARCH モデル / 超高頻度データ / 株価のジャンプ / 食品事故 / 株式市場 / DCC-GARCHモデル / 時系列分析 / 多変量GARCHモデル |
Research Abstract |
The purpose of this research is to investigate stock market reactions to offences against food safety and reliability. Given the fact that information such as predictions on future performances of a company is accumulated in the stock market, it is possible to analyze social responses against misconducts committed by food-related companies through the share prices of the firms concerned. The time-series-based event study approach is used to study the behavior of the stock returns.
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Report
(4 results)
Research Products
(23 results)