|Budget Amount *help
¥3,900,000 (Direct Cost: ¥3,000,000、Indirect Cost: ¥900,000)
Fiscal Year 2023: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2022: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2021: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
|Outline of Research at the Start
This project will investigate whether the informed trading on CDS by institutional investors may cause empty creditors (EC) concern. In addition, this project will examine the cross-market effects, namely, whether the EC issue embedded in the CDS and bond markets would affect the equity markets.