| 研究課題/領域番号 |
26380398
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| 研究機関 | 国際基督教大学 |
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研究代表者 |
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| 研究期間 (年度) |
2014-04-01 – 2018-03-31
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| キーワード | bank / mergers and acquisitions / financial institutions |
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| 研究実績の概要 |
In FY2016（平成２８年度） I expanded on research from last year, which found that bank mergers result in statistically significant losses of shareholder value for client firms of the merged bank, particularly zombie firms. This year, I mostly focused on investigating the reasons for damage to shareholder value of the client firms, exploring the effect of bank mergers on the availability of credit to client firms of the merging banks. The research finds that a merger announcement by a firm’s main bank results in a contraction in credit supply from the merging bank. Firms are not able to compensate for the reduced credit supply from the main bank, so overall borrowing also declines.
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| 現在までの達成度 (区分) |
現在までの達成度 (区分)
4: 遅れている
理由
My administrative duties as Associate Vice President for Global Academic Exchange involve several business trips each year, which have put me behind schedule on my research projects. Although the research project itself progressed during FY2016, I was not able to travel to conferences, either within Japan or overseas, to get crucial feedback on my work.
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| 今後の研究の推進方策 |
In this fiscal year, 2017（平成２９年度）, I plan to revise my current study and present it at some academic conferences withing Japan and also overseas so that I can get feedback on my ideas and research methodology.
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| 次年度使用額が生じた理由 |
Since research was delayed due to administrative duties, I was not able to use the full amount of research funds available to me.
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| 次年度使用額の使用計画 |
The main planned used of funds is travel to attend two international conferences in August 2017 (Liberal Arts Macro Workshop) and January 2018 (American Economics Association Meetings) where I will present my research findings and discuss with colleagues working in my field. While overseas, I hope to make arrangements to visit an academic institution so that I can interact with colleagues overseas over a longer period.
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