Impact of Liquidity Shocks to Stock Markets
| Project/Area Number |
19730226
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Senshu University (2008-2009)
Daito Bunka University (2007) |
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Principal Investigator |
SASAKI Koji Senshu University, 経営学部, 准教授 (80381440)
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| Project Period (FY) |
2007 – 2009
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| Project Status |
Completed (Fiscal Year 2009)
|
| Budget Amount *help |
¥3,680,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥480,000)
Fiscal Year 2009: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2008: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2007: ¥1,600,000 (Direct Cost: ¥1,600,000)
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| Keywords | 金融論 / 経済統計学 / 経営学 / 金融市場のミクロ構造 / インサイダー取引 / 転換社債 |
|---|
| Research Abstract |
This research considers the survival rate of public firms, listed at the Tokyo Stock Exchange, placing shares privately. The empirical analysis shows that the survival rate of firms is related to the section, issuing market, and subscription yield for firms issuing MSCB, and to the section, number of times issuing shares, number of investors, degree of dilution, and discount of issuing share price for firms issuing shares to a third party. The results suggest that the section of firms listed, history of their finance, and design of their securities may be valuable information about estimating their survival rates.
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Report
(4 results)
Research Products
(8 results)
