| Budget Amount *help |
¥4,940,000 (Direct Cost: ¥3,800,000、Indirect Cost: ¥1,140,000)
Fiscal Year 2016: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2015: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
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)
|
|---|
| Outline of Final Research Achievements |
Despite the world-wide trends of increasing number of zero levered firms, they are exceptional phenomena in Japan, restricted in the cases of firms with their outstanding shares of owners or held by major representative public firms. For those peculiar phenomena, the most determinant factors inhibiting firms from zero-levered is the glued and everlasting relationships with main banks, where no remarkable changes in the increase of loans or drawdown of deposits were observed, even in the turbulent eras after the failure of Lehman Brother Securities. However, the relationships themselves have changed from preserving the balance of loans with main banks to broad-ranged services such as M&A advisories or business matchings.
|
