Modelling of foreign investment and capital structure decisions under uncertainty
| Project/Area Number |
24730283
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Ryukoku University |
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Principal Investigator |
Tian Yuan 龍谷大学, 経済学部, 准教授 (10609895)
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| Project Period (FY) |
2012-04-01 – 2016-03-31
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| Project Status |
Completed (Fiscal Year 2015)
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| Budget Amount *help |
¥3,900,000 (Direct Cost: ¥3,000,000、Indirect Cost: ¥900,000)
Fiscal Year 2014: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2013: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2012: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Keywords | 投資 / 資金調達 / リアルオプション / 資本構成 / 時間非整合的な選好 / 海外投資 / 補助金 / 法人税率の削減 / 負債移転 |
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| Outline of Final Research Achievements |
This research mainly examines the following 3 topics qualitatively and quantitatively: (i) the impact of international debt shifting and exchange rate uncertainty on investment and capital structure decisions of foreign subsidiary, (ii) two policies for the host government to attract foreign direct investment: investment cost subsidy and tax rate reduction, and (iii) investment and capital structure decisions under time-inconsistent preferences.
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Report
(5 results)
Research Products
(16 results)
