Modelling of foreign investment and capital structure decisions under uncertainty

2015 Fiscal Year Final Research Report

• Project/Area Number: 24730283
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Public finance/Monetary economics
• Research Institution: Ryukoku University
• Principal Investigator: Tian Yuan 龍谷大学, 経済学部, 准教授 (10609895)
• Project Period (FY): 2012-04-01 – 2016-03-31
• Keywords: 投資 / 資金調達 / リアルオプション

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.

Free Research Field

金融・ファイナンス