Analyzing the relationship between corporate actions and asset pricing

2015 Fiscal Year Final Research Report

• Project/Area Number: 23310106
• Research Category: Grant-in-Aid for Scientific Research (B)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Social systems engineering/Safety system
• Research Institution: Keio University
• Principal Investigator: TAKAHASHI Hiroshi 慶應義塾大学, 経営管理研究科, 教授 (60420478)
• Project Period (FY): 2011-04-01 – 2016-03-31
• Keywords: ファイナンス / 企業財務 / 行動経済学 / エージェントベースモデル / 金融規制

Outline of Final Research Achievements

This study analyzes the influence of corporate actions on asset pricing. In the analyses, I focus on Japanese companies listed in Tokyo Stock Exchange. To address this problem, this research employed empirical analyses. As a result of analyses, it is confirmed that conflicts of interest among stakeholders could exist in the markets. This study also analyzes the relationship between heterogeneous stakeholders and asset pricing through both empirical analyses and computational simulations.

Free Research Field

ファイナンス