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Theoretical Rationality and Empirical Implications of Nonrecourse Financing

Research Project

Project/Area Number 23530217
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic theory
Research InstitutionKyoto University

Principal Investigator

OSANO Hiroshi  京都大学, 経済研究所, 教授 (90152462)

Project Period (FY) 2011 – 2013
Project Status Completed (Fiscal Year 2013)
Budget Amount *help
¥2,860,000 (Direct Cost: ¥2,200,000、Indirect Cost: ¥660,000)
Fiscal Year 2013: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2012: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2011: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Keywordsノンリコース・ファイナンシング / 証券化 / LBO / プロジェクト・ファイナンス / ホールドアップ問題 / ノンリコース・ファイナンス / レバレッジド・バイアウト(LBO) / ホールド・アップ問題 / レバレジッド・バイアウト(LBO)
Research Abstract

I analyzed the theoretical foundation of nonrecourse financing. This financing consists of securitization, leveraged buyout, and project finance and so on. I build a comprehensive mode that deals with these financing unifiedly, and show the rationality of these finacing under certain conditions.

Report

(4 results)
  • 2013 Annual Research Report   Final Research Report ( PDF )
  • 2012 Research-status Report
  • 2011 Research-status Report
  • Research Products

    (5 results)

All 2013 2012 2011

All Journal Article (3 results) (of which Peer Reviewed: 1 results) Presentation (2 results)

  • [Journal Article] Managerial Incentives and the Role of Advisors in the Continuous-Time Agency Model2013

    • Author(s)
      Keiichi Hori and Hiroshi Osano
    • Journal Title

      Review of Financial Studies

      Volume: 26/ 10 Issue: 10 Pages: 2620-2647

    • DOI

      10.1093/rfs/hht027

    • Related Report
      2013 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Nonrecourse Financing and Securitization2012

    • Author(s)
      Mami Kobayashi and Hiroshi Osano
    • Journal Title

      Journal of Financial Intermediation

      Volume: Vol.21 Pages: 659-693

    • NAID

      120004920397

    • Related Report
      2013 Final Research Report 2012 Research-status Report
  • [Journal Article] The New Main Bank System2011

    • Author(s)
      Mami Kobayashi and Hiroshi Osano
    • Journal Title

      Journal of the Japanese and International Economies

      Volume: Vol.25 Pages: 336-354

    • Related Report
      2013 Final Research Report 2011 Research-status Report
  • [Presentation] Managerial Incentives and the Role of Advisors in the Continuous-Time Agency Model2011

    • Author(s)
      Keiichi Hori and Hiroshi Osano
    • Organizer
      5th Japan-Taiwan Contract Theory Conference
    • Related Report
      2013 Final Research Report
  • [Presentation] Managerial Incentives and the Role of Advisors in the Continuous-Time Agency Model2011

    • Author(s)
      Keiichi Hori and Hiroshi Osano
    • Organizer
      5th Japan-Taiwan Contract Theory Conference(招待講演)
    • Place of Presentation
      National Taiwan University
    • Related Report
      2011 Research-status Report

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Published: 2011-08-05   Modified: 2019-07-29  

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