Corporate real estate and firm value: Empirical studies from Japan
Project/Area Number |
22530361
|
Research Category |
Grant-in-Aid for Scientific Research (C)
|
Allocation Type | Single-year Grants |
Section | 一般 |
Research Field |
Business administration
|
Research Institution | Kobe University |
Principal Investigator |
|
Co-Investigator(Kenkyū-buntansha) |
YAMASAKI Takashi 神戸大学, 大学院・経営学研究科, 准教授 (30403223)
YAMAGUCHI Satoru 広島経済大学, 経済学部, 講師 (40548757)
|
Project Period (FY) |
2010 – 2012
|
Project Status |
Completed (Fiscal Year 2012)
|
Budget Amount *help |
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2012: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2011: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2010: ¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000)
|
Keywords | 企業不動産 / 株式市場の評価 / システマティックリスク / コントロール変数 / 説明責任 / 企業財務 / 株式パフォーマンス / 財務パフォーマンス / 不動産戦略 |
Research Abstract |
We examine the relationship between Japanese fires’ real estateholding and firm value. There is a negative relationship between them. We do not find any significant relationship between corporate real estate holding and systematic risk.
|
Report
(4 results)
Research Products
(15 results)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
[Presentation] 企業不動産と企業価値2012
Author(s)
山口聖・福島隆則・砂川伸幸・山崎尚志・前智彦
Organizer
日本ファイナンス学会第20回大会
Place of Presentation
専修大学
Year and Date
2012-05-26
Related Report
-