Interaction between financing and investment decisions under credit risk
| Project/Area Number |
26285071
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| Research Category |
Grant-in-Aid for Scientific Research (B)
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| Allocation Type | Partial Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Money/ Finance
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| Research Institution | Tokyo Metropolitan University |
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Principal Investigator |
Shibata Takashi 首都大学東京, 社会(科)学研究科, 教授 (70372597)
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| Co-Investigator(Kenkyū-buntansha) |
木島 正明 首都大学東京, 社会(科)学研究科, 教授 (00186222)
西原 理 大阪大学, 経済学研究科(研究院), 准教授 (20456940)
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| Project Period (FY) |
2014-04-01 – 2017-03-31
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| Project Status |
Completed (Fiscal Year 2016)
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| Budget Amount *help |
¥13,910,000 (Direct Cost: ¥10,700,000、Indirect Cost: ¥3,210,000)
Fiscal Year 2016: ¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000)
Fiscal Year 2015: ¥4,810,000 (Direct Cost: ¥3,700,000、Indirect Cost: ¥1,110,000)
Fiscal Year 2014: ¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
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| Keywords | ファイナンス / クレジットリスク / 資金制約 / 非対称情報 / 企業金融 / リアルオプション / 情報の非対称性 / 最適資本構成 / オプション理論 / 金融工学 |
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| Outline of Final Research Achievements |
This research examines how financing constraints and asymmetric information affect the interaction between financing and investment decisions. As the research outcome, 24 papers are published in the international academic journals.
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Report
(4 results)
Research Products
(79 results)
