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26/10/2017 Seminar

Research seminar "Equity Issuances and Agency Costs: The Telling Story of Shareholder Approval around the World" was held.

17/10/2017 Research Paper

Discussion Paper "Corporate Governance and Corporate Performance under Market Socialism: Empirical Analysis of Listed Companies in China " was uploaded.

28/09/2017 People

We are pleased to announce that Professor Clifford George Holderness (Boston College) joined our institute as Shimomura Fellow.

19/09/2017 Research Paper

Discussion Paper "Labor Productivity Stagnation, the Radical Quantitative Easing Monetary Policy, and Disinflation" was uploaded.

13/09/2017 Seminar

Research seminar "Labor Productivity Stagnation, the Radical Quantitative Easing Monetary Policy, and Disinflation" was held.

11/09/2017 SpringerBriefs

SpringerBriefs in Economics “Trade and the Labor Market: Effect on Wage Inequality in Japan” was published.

11/09/2017 SpringerBriefs

SpringerBriefs in Economics “Priority Rule Violations and Perverse Banking Behaviors ” was published.

04/09/2017 SpringerBriefs

SpringerBriefs in Economics “Dr. Osamu Shimomura's Legacy and the Postwar Japanese Economy” was published.

30/08/2017 Seminar

Research seminar "Rational Expectations, Wobbly Economy, and Government Policy" was held.

07/08/2017 Seminar

Research seminar "Corporate Governance and Corporate Performance under Market Socialism: Empirical Analysis of Listed Companies in China" was held.

02/08/2017 Seminar

Research seminar "Economic Depreciation in the Property Value: Cross- Sectional Variations and Their Implications on Investments" was held.

28/07/2017 Seminar

Research seminar "The Exchange Rate Effects of Macro News after the Global Financial Crisis" was held.

30/06/2017 Seminar

Research seminar "Who is the boss? Family Control without Ownership in Publicly Traded Japanese corporations" was held.

27/06/2017 Seminar

Research seminar "Declining Japanese Yen and Inertia of the US Dollar" was held.

22/06/2017 Event

"26th NBER-TCER-CEPR Conference on Corporate Governance (Follow-up conference)" was held.

12/05/2017 Seminar

Research seminar "Profitability or Longevity? Cross-Country Variations in Corporate Performance" was held.

21/04/2017 Seminar

Research seminar "The Evolution of Inflation Expectations in Japan" was held.

11/04/2017 People

We are pleased to announce that Associate Professor Yupana Wiwattanakantang (National University of Singapore Business School) joined our institute as Shimomura Fellow.

07/04/2017 Research Paper

Economics Today "Corporate Governance of Japanese Firms: Issues and Prospects for Industrial Metabolism and Sustainable Management" was published (in Japanese).

08/02/2017 Seminar

"Preventive Investment and Relief Spending for Natural Disasters" was held.

20/01/2017 Seminar

"A Semantic Analysis of Monetary Shamanism: A Case of the BOJ’s Governor Kuroda" was held.

04/01/2017 Financial DB

"Handbook of Industrial Financial Data 2016" was published (in Japanese).

08/12/2016 Research Paper

"26th NBER-TCER-CEPR Conference on Corporate Governance" was held.

07/12/2016 Research Paper

Discussion Paper "A Theory on Origin of Speculative Bubbles and Public Debt Accumulation" was uploaded.

11/11/2016 Seminar

Research seminar "On Large-scale Money Finance in Statistics and Practice: A Case of the Japanese Economy During and after World War II" was held.

28/10/2016 Seminar

Research seminar "Monopoly Rights and Economic Growth: An Inverted U-shaped Relation" was held.

14/10/2016 Seminar

Research seminar "Energy Efficiency and Green Building Markets in Japan" was held.

07/10/2016 Seminar

Research seminar "Managerial Attitudes and Corporate Investment Behaviors" was held.

26/09/2016 Research Paper

Discussion Paper "Corporate Environmental Liabilities and Capital Structure" was uploaded.

26/09/2016 Research Paper

Discussion Paper "The Real Effect of Financial Innovation: Evidence from Credit Default Swaps Trading and Corporate Innovation" was uploaded.

26/09/2016 Research Paper

Discussion Paper "Gains from Mergers and Acquisitions in Japan" was uploaded.

23/09/2016 Seminar

Research seminar "How Do We Pay under Evolving Retail Payment Technology? Evidence from Japan" was held.

22/08/2016 Seminar

Research seminar "Moral Hazard by Limited Liability and Accumulation of Public Debt" was held.

22/08/2016 SpringerBriefs

SpringerBriefs in Economics "Rationality and Operators: The Formal Structure of Preferences" was published.

08/08/2016 SpringerBriefs

SpringerBriefs in Economics "Japanese Firms During the Lost Two Decades: The Recovery of Zombie Firms and Entrenchment of Reputable Firms " was published.

01/08/2016 SpringerBriefs

SpringerBriefs in Economics "Corporate Governance and Corporate Behavior in Japan: The Consequences of Stock Options and Corporate Diversification" was published.

26/07/2016 Seminar

Research seminar "Real Estate Production and Structure Depreciation" was held.

22/07/2016 Seminar

Research seminar "Financial Aid from Parents to Children: Lending Inside Japanese Business Groups" was held.

20/07/2016 Seminar

Research seminars "The Real Effect of Financial Innovation: Evidence from Credit Default Swaps Trading and Corporate Innovation" and "Corporate Environmental Liabilities and Capital Structure" were held.

19/07/2016 Seminar

Research seminar "Evaluating the Conditions of Real Estate Markets in China and Singapore: What We Know and What We Need to Know" was held.

14/07/2016 Seminar

Research seminar "A Theory of Quantitative Easing Policy and Negative Interest Policy Based on the Japanese Experience " was held.

08/07/2016 Seminar

Research seminar "Disappearing Dividends: Two Rational Explanations" was held.

08/07/2016 Seminar

Research seminar "Valuation management in private equity fundraising" was held.

08/07/2016 Research Paper

Economics Today "Analysis and Utilization of Qualitative Information in an Annual Report: The way of Desirable Dialogue with the Diversification of the Risk" was published (in Japanese).

17/06/2016 Seminar

Research seminar "Corporate Diversification, Employee Bargaining Power, and Wages" was held.

13/06/2016 Research Paper

Discussion paper "A Theory of Quantitative Easing Policy and Negative Interest Policy Based on the Japanese Experience" was uploaded.

07/06/2016 People

We are pleased to announce that Senior Lecturer Xin Chang (Cambridge Judge Business School, University of Cambridge) joined our institute as Shimomura Fellow.

06/06/2016 SpringerBriefs

SpringerBriefs in Economics "Environmental Kuznets Curve Hypothesis and Carbon Dioxide Emission" was published.

06/06/2016 SpringerBriefs

SpringerBriefs in Economics "Keynes’s General Theory Reconsidered in the Context of the Japanese Economy" was published.

06/06/2016 SpringerBriefs

SpringerBriefs in Economics: Development Bank of Japan Research Series was launched.

30/05/2016 Research Paper

Discussion Paper "Testing Symmetry of Unknown Densities via Smoothing with the Generalized Gamma Kernels" was uploaded.

20/05/2016 Seminar

Research seminars "Corporate R&D and Stock Returns: International Evidence" and "Estimating Ambiguity Premium under the Robust CAPM " were held.

12/05/2016 Seminar

Research seminar "Artisanship, Meritocracy, and Apathy" was held.

25/04/2016 Research Paper

Discussion Paper "The Mechanism of High-tech Industrial Cluster Formation: An Empirical Study on the Process of ICT Cluster Formation in Oulu, Finland" was uploaded.

15/04/2016 Research Paper

Discussion Paper "Artisanship, Meritocracy, and Apathy" was uploaded.

08/04/2016 Research Paper

Economics Today "Integrated Disclosure of Risk Information: A New Viewpoint of Financial Reporting into Integrated Reporting" was published (in Japanese).

04/04/2016 Seminar

Research seminar "Challenges to Redesign “Science, Technology and Innovation Policy” in Japan: Construction of a Policy Simulator for the Impact Assessment of IoT" was held.

22/03/2016 Research Paper

Discussion Paper "Modified Ramsey Rule and Optimal Carbon Price" was uploaded.

18/03/2016 Research Paper

Economics Today "Economic Growth with Asset Bubbles in a Global Economy" was published (in Japanese).

18/03/2016 Research Paper

Economics Today "Japan in "the Asian Century": For Revitalization of the Economy and Business Opportunities" was published (in Japanese).

18/03/2016 Research Paper

Economics Today "How Corporations Create Social Value?: A Study of Incomplete Contracts in Corporate Governance" was published (in Japanese).

09/03/2016 Seminar

Research seminar "Properties of the Social Discount Rate and Negative Intertemporal Externality in the Utility or Production Function" was held.

08/03/2016 Seminar

Research seminar "Trade and Financial Channels as the Transmission Mechanism of the Financial Crisis" was held.

02/03/2016 Seminar

Research seminar "Testing Symmetry of Unknown Densities via Smoothing with the Generalized Gamma Kernels" was held.

26/02/2016 Research Paper

Discussion Paper "Properties of the Social Discount Rate and Negative Intertemporal Externality in the Utility or Production Function" was uploaded.

26/02/2016 Research Paper

Discussion Paper "Modified Ramsey Rule, Optimal Carbon Tax and Economic Growth" was uploaded.

26/02/2016 Seminar

Research seminar "Regional Business Cycle and Growth Features of Japan" was held.

25/01/2016 Seminar

Research seminar "Gains from Mergers and Acquisitions in Japan" was held.

22/01/2016 Seminar

Research seminar "Parameter Bias in an Estimated DSGE Model: Does Nonlinearity Matter?" was held.

20/01/2016 Seminar

Research seminar "Incidence of Cooperate Income Tax and Optimal Capital Structure: A Dynamic Analysis" was held.

08/01/2016 Seminar

Research seminar "CSR As Insurance: The Case of Japanese Automobile Manufacturers" was held.

04/01/2016 Financial DB

"Handbook of Industrial Financial Data 2015" was published (in Japanese).

10/12/2015 Seminar

Research seminar "Ramsey's Belief and the Plausibility of Keynesian Economics" was held.

27/11/2015 Seminar

Research seminar "Network-motivated Lending Decisions" was held.

25/11/2015 Research Paper

Discussion paper "Ramsey's Belief and the Plausibility of Keynesian Economics" was uploaded.

02/11/2015 People

We are pleased to announce that Professor Ali Fatemi (DePaul University) joined our institute as Shimomura Fellow.

26/10/2015 Research Paper

Discussion paper "The Revelation of the Time Preference Rate and Intertemporal Negative Externality" was uploaded.

23/10/2015 Seminar

Research seminar "Negative Effects of Wage Claims on Labor Relations: An Experimental Study on a Gift Exchange Game" was held.

19/10/2015 Research Paper

Discussion paper "Public Debt as a Burden on the Future Generation: A Keynesian Approach" was uploaded.

10/09/2015 Seminar

Research seminar "Effects of Monetary Shocks When Money is not a Government Gift" was held.

02/09/2015 Seminar

Research seminar "The Revelation of the Time Preference Rate and Intertemporal Negative Externality" was held.

27/08/2015 Seminar

Research seminar "Network-Motivated Lending Decisions" was held.

20/08/2015 Seminar

Research seminar "On the Economic Properties of the CDM Investment: A Theoretical Inquiry of the Offset Mechanism in Mitigating Global Warming" was held.

19/08/2015 Seminar

Research seminar "Lean Against Bubbles versus Clean Up After Bubbles Collapse in a Rational-Bubble Model" was held.

24/07/2015 Seminar

Research seminars "Reputation and Exaggeration: Adverse Selection and Private Information in the Mortgage Market" and "Stock Prices, Regional Housing Prices, and Aggregate Technology Shocks" were held.

22/07/2015 Seminar

Research seminar "Governance and Happiness: The Nordic Corporate Governance Model" was held.

17/07/2015 Seminar

Research seminar "Moral Hazard Premium: Valuation of Moral Hazard under Diffusive and Jump Risks" was held.

09/07/2015 Seminar

Research seminar "Regulations, Foreign Banks and Income Inequality" was held.

02/07/2015 Seminar

Research seminars "Bank Lending Channel of Real Estate Prices" and "Heterogeneous Impact of Real Estate Prices on Firm Investment" were held.

26/06/2015 Research Paper

Economics Today "Proceedings of the RICF 50th Anniversary Symposium Part III On Social Common Capital" was published (in Japanese).

26/06/2015 Seminar

Research seminar "Payment Instruments and Collateral in the Interbank Payment System" was held.

19/06/2015 People

We are pleased to announce that Professor Iftekhar Hasan (Fordham University) joined our institute as Shimomura Fellow.

15/06/2015 Research Paper

Discussion paper "On the Economic Properties of the CDM: Does Emissions Trading Contribute to Global Warming Problem?" was uploaded.

29/05/2015 Seminar

Research seminar "Consistent Estimation of Linear Regression Models Using Matched Data" was held.

28/05/2015 Seminar

Research seminar "On the Limit of Human Cognition: Is Artisanship always Dominated by Profit Motive?" was held.

22/05/2015 Seminar

Research seminar "Investment Shocks and Asset Prices: International Evidence" was held.

15/05/2015 Research Paper

Economics Today "Proceedings of RICF 50th Anniversary Symposium Part II Corporate Management & Accounting" was published (in Japanese).

15/05/2015 Seminar

Research seminar "Identification and Estimation of Production Function with Unobserved Heterogeneity" was held.

27/04/2015 Research Paper

Discussion Paper "On the Limit of Human Cognition: Is Artisanship always Dominated by Profit Motive?" was uploaded.

20/04/2015 Research Paper

Economics Today "Provision of Risk Capital for Sustained Economic Growth in Japan" was published (in Japanese).

17/04/2015 Seminar

Research seminar "On the Optimal Timing of Foreign Trade" was held.

27/03/2015 Research Paper

Economics Today "Proceedings of RICF 50th Anniversary Symposium Part I Financial Economy" was published (in Japanese).

20/03/2015 Seminar

Research seminar "A Theory on Local Currencies" was held.

06/03/2015 Seminar

Research seminar "Four Alternative Hypotheses in the Determination of Yen-Us Dollar Foreign Exchange Rate" was held.

25/02/2015 Seminar

Research seminar "Flexibility of Deficit Ceiling and Income Fluctuation in a Political Economy" was held.

04/02/2015 Seminar

Research seminar "Corporate Governance and Employees: Case in Japan" was held.

23/01/2015 Seminar

Research seminar "Does Geographical Proximity Matter in Small Business Lending? Evidence from the Switching of Main Bank Relationships" was held.

20/01/2015 Seminar

Research seminar "Local Altruism as an Environmental Ethic in CO2 Emission Control" was held.

06/01/2015 Financial DB

"Handbook of Industrial Financial Data 2014" was published (in Japanese).

16/12/2014 Seminar

Research seminar "The Empirical Merton Model" was held.

28/11/2014 Seminar

Research seminars "Bank Relationships and Cash Holdings" and "Target Behavior and Lumpy Investments" were held.

14/11/2014 Seminar

Research seminar "Market Discipline by Wholesale Financiers Revisited" was held.

31/10/2014 Research Paper

Economics Today "Optimal Debt Control Problem" was published (in Japanese).

22/10/2014 Research Paper

Discussion paper "Local Altruism as an Environmental Ethic in CO2 Emissions Control" was uploaded.

01/10/2014 Other Publications

"The Japanese Economy: Social Common Capital and Sustainable Development" was published (in Japanese).

25/09/2014 Other Publications

"The Japanese Economy: Financial Development and Corporate Behavior in a Changing Environment" was published (in Japanese).

17/09/2014 Seminar

Research seminar "Trust Banks as Active Investors: An Analysis of Japan’s Changing Shareholder Composition and Corporate Governance System" was held.

18/08/2014 Seminar

Research seminar "Testing for Intrinsic and Extrinsic Motivation: Field Experimental Evidence from Electricity Demand" was held.

18/08/2014 Research Paper

Discussion paper "Conventional and Unconventional Votes: A Tale of Three Monetary Policy Committees" was uploaded.

18/08/2014 Research Paper

Discussion paper "Amenity Potential, Private Benefits of Control, and the Value of Levered Family Firms" was uploaded.

01/08/2014 Seminar

Research seminar "Changing Consumer Behavior in India: Business Opportunities for Japan" was held.

30/07/2014 Research Paper

Economics Today "A Study on Institution and Practices of Integrated Reporting" was published (in Japanese).

18/07/2014 Seminar

Research seminar "The Optimal Pollution Tax and Urban Unemployment in an Open Economy" was held.

09/07/2014 Seminar

Research seminar "Product Market Competition and Investment under Demand Uncertainty" was held.

27/06/2014 Seminar

Research seminar "Are Bank Mergers Good News for Shareholders? The Effect of Bank Mergers on Client Firm Value and Bank-Firm Relationships" was held.

23/06/2014 Research Paper

Discussion paper "Equity Market Liberalization and Equity Issuance" was uploaded.

23/06/2014 Research Paper

Discussion paper "Asian Pennies are not Like US Pennies" was uploaded.

23/06/2014 Research Paper

Discussion paper "Family of the Generalized Gamma Kernels: A Generator of Asymmetric Kernels for Nonnegative Data" was uploaded.

29/05/2014 Seminar

Research seminar "Understanding the Pre-FOMC Drift" was held.

16/05/2014 Seminar

Research seminar "Immigration, Naturalization, and the Future of Public Education" was held.

13/05/2014 Seminar

Research seminar "Margin Rate Rule: A New Pharmaceutical Price Control Policy "was held.

28/04/2014 Seminar

Research seminar "Long-term Strategy for Family Firms" was held.

25/04/2014 Seminar

Research seminar "Financial Disintermediation and Financial Fragility" was held.

18/04/2014 Seminar

Research seminar "On the Function of Gold Standard in Idealism and in Reality" was held.

01/04/2014 People

We are pleased to announce that Professor Joseph P. H. FAN (The Chinese University of Hong Kong) joined our institute as Shimomura Fellow.

18/03/2014 Seminar

Research seminar "Japanese Monetary Policy and the Yen: Is there a Currency War?" was held.

10/03/2014 Research Paper

Economics Today "Impact of Financial Intermediary’s Information Production on Market Value of Firm: Case Studies on the DBJ’s Liquidity Providing During the Financial Crisis and the Environmental Rating of Firm" was published (in Japanese).

10/03/2014 Research Paper

Discussion paper "Efficacy in Education and Intergenerational Affluence" was uploaded.

25/02/2014 Seminar

Research seminars "Do Social Norms Matter to Energy Saving Behavior?: Endogenous Social and Correlated Effects" and "Family of the Generalized Gamma Kernels: A Generator of Asymmetric Kernels for Nonnegative Data" were held.

24/02/2014 Research Paper

Economics Today "Corporate Governance and Corporate Diversification : Empirical Analysis Based upon Corporate Financial Data in Japan" was published (in Japanese).

21/02/2014 Seminar

Research seminar "Misallocation of Talent and the Wealth of Nations" was held.

30/01/2014 Seminar

Research seminar "Testing for Factor Loading Structural Change under Common Breaks and an Application to U.S. Treasury Yield Curve" was held.

24/01/2014 Seminar

Research seminar "Novel Panel Cointegration Tests Emending for Cross-Section Dependence with N Fixed" was held.

17/01/2014 Research Paper

Discussion paper "Income Disparity, Uneven Economic Opportunities, and Verifiability" was uploaded.

17/01/2014 Research Paper

Discussion paper "On the Function of Gold Standard in Idealism and in Reality" was uploaded.

06/01/2014 Financial DB

"Handbook of Industrial Financial Data 2013" was published (in Japanese).

25/12/2013 Seminar

Research seminar "Financial Incentives and Risk Taking in Private Equity Funds" was held.

20/12/2013 Seminar

Research seminar "Revisiting the Model of Credit Cycles with Good and Bad Projects " was held.

13/12/2013 Seminar

Research seminar "Family Business Family Succession: Good or Bad?" was held.

27/11/2013 People

We are pleased to announce that Dr. Carsten Bienz (Norwegian School of Economics, Norway) joined our institute as Shimomura Fellow.

16/10/2013 Seminar

Research seminar "Equity Market Liberalization and Equity Issuance" was held.

15/10/2013 Research Paper

Economics Today "The Means for Capital Structure Adjustment : Evidence from Listed Firms in Japan" was published (in Japanese).

15/10/2013 Research Paper

Economics Today "Determinants Affecting Firms’ Funding Liquidity" was published (in Japanese).

11/10/2013 Seminar

Research seminar "Transitions in the Family Ownership and Control in Japan" was held.

04/10/2013 Seminar

Research seminar "The UK Transition to a Low Carbon Future" was held.

02/10/2013 Seminar

Research seminar "Emission Trading or Proportional Carbon Tax: A Quest for More Efficacious Emission Control" was held.

25/09/2013 Seminar

Research seminar "An Analysis of Centralized versus OTC Stock Lending Market" was held.

17/09/2013 People

We are pleased to announce that Dr. Robert David McLean (University of Alberta, Canada) joined our institute as Shimomura Fellow.

26/08/2013 Research Paper

Discussion paper "Emission Trading or Proportional Carbon Tax: A Quest for More Efficacious Emission Control" was uploaded.

16/08/2013 Seminar

Research seminar "Prize Promotions as Costless Commitment" was held.

09/08/2013 Seminar

Research seminar "Stock Option Grants under Pressure for Good Governance" was held.

08/08/2013 Seminar

Research seminar "Natural Disaster and Natural Selection" was held.

19/07/2013 Seminar

Research seminar "Why do Japanese Banks Hold the Large Amount of Government Bonds?" was held.

11/07/2013 Seminar

Research seminar "A Study on the Means for Capital Structure Adjustment: Evidence from Listed Firms in Japan" was held.

05/07/2013 Seminar

Research seminar "Empirical Analysis on the Macroeconomic Effects of Fiscal Policy and Rule-of-thumb Household" was held.

01/07/2013 Seminar

Research seminar "Supply Ambiguity and Market Fragility" was held.

28/06/2013 Research Paper

Economics Today "Does Stakeholder Welfare Enhance Firm Value?" was published (in Japanese).

28/06/2013 Research Paper

Discussion paper "Misallocation of Capital During Japan's Lost Two Decades" was uploaded.

20/06/2013 Seminar

Research seminar "Misallocation of Capital During Japan's Lost Two Decades" was held.

30/05/2013 Seminar

Research seminar "Unconventional Votes" was held.

29/05/2013 Research Paper

Discussion paper "Monetary Economic Growth Theory under Prefect and Monopolistic Competitions" was uploaded.

29/05/2013 Research Paper

Discussion paper "Employee Representation and Board Size in the Nordic Countries" was uploaded.

24/05/2013 Seminar

Research seminar "Who Becomes an Arranger? Evidence from Matched Data on Bilateral and Syndicated Loans" was held.

20/05/2013 Research Paper

Economics Today "New Directions for International Financial System and Japanese Firm Dynamics" was published (in Japanese).

16/05/2013 Seminar

Research seminars "The Impact of Uncertainty on Small Businesses: Evidence from Employment and the Number of Businesses" and "Small is Beautiful but Size Matters: The Asymmetric Impact of Uncertainty and Sunk Costs on Small and Large Businesses" were held.

09/05/2013 Seminar

Research seminar "Capacity Utilization and the Effect of Energy Price Shock in Japan" was held.

19/04/2013 Seminar

Research seminar "Exchange Rates and Fundamentals: Closing a Two-Country Model" was held.

19/04/2013 Research Paper

Economics Today "Pricing Impact of CDS Demand and Supply" was published (in Japanese).

19/04/2013 Research Paper

Economics Today "Bank Loan Share Structure: Empirical Examination" was published (in Japanese).

12/04/2013 Seminar

Research seminar "Evaluating Bank Recapitalization Programs in Japan: How Did Public Capital Injections Work?" was held.

29/03/2013 Seminar

Research seminar "How do Firms Respond to an Increase in Minimum Wage? Direct Evidence on Firm's Internal Adjustment" was held.

22/03/2013 Research Paper

Discussion paper "Corporate Bond Premia" was uploaded.

22/03/2013 Research Paper

Discussion paper "Can Bailout Improve the Economic Welfare? A Structural Derivation of the Option Price" was uploaded.

21/03/2013 Seminar

Research seminars "Determinants of Loan Share Structure: What Determines the Asymmetry?" and "What Determines CDS Prices? Evidence from the Estimation of Protection Demand and Supply" were held.

14/03/2013 Seminar

Research seminars "Performance of Newly Listed Firms: Evidence from Japanese Firm and Venture Capital Data" and "Pricing Impacts of Bond Demand: Empirical Examination of Japanese Government Bond Yield" were held.

08/02/2013 Seminar

Research seminar "A Close Look at Loan-To-Value Rations in Japan: Evidence from Real Estate Registries" was held.

31/01/2013 Seminar

Research seminar "The Price of Distance: Producer Heterogeneity, Pricing to Market, and Geographic Barriers" was held.

31/01/2013 Research Paper

Discussion paper "Show Me the Money: Japan's Most Profitable Companies in the 2000s" was uploaded.

30/01/2013 Seminar

Research seminar "Samsung's Recruiting Strategy and Talent Management" was held.

25/01/2013 Seminar

Research seminar "Modes of International Activities and the Innovativeness of Firms: An Empirical Analysis Based on the Japanese National Innovation Surveys for 2003 and 2009" was held.

18/01/2013 Seminar

Research seminar "Negative Impacts of Capital Injection Policies on the Capital Crunch: Evidence from Japan" was held.

28/12/2012 Research Paper

Discussion paper "What Determines CDS Prices? Evidence from the Estimation of Protection Demand and Supply" was uploaded.

28/12/2012 Research Paper

Discussion paper "Nonparametric Multiplicative Bias Correction for Kernel-Type Density Estimation Using Positive Data" was uploaded.

20/12/2012 Seminar

Research seminar "Corporate Bond Premia" was held.

13/12/2012 Seminar

Research seminars "Overseas Market Information and Firms' Export Decisions," and "Screening and Coaching: Empirical Examination of Syndicated Venture Capitals" were held.

16/11/2012 Seminar

Research seminar "Increasing Trends in the Excess Comovement of Commodity Prices" was held.

09/11/2012 Seminar

Research seminar "An SVAR Analysis of Japan's Monetary Policy with Endogenous Zero Policy Shifts" was held.

30/10/2012 Seminar

Research seminar "Japanese Energy Policy: A Critical Look at Logistics, Economics, and the Environment" was held.

29/10/2012 Seminar

Research seminar "Dynamic Analysis of Reductions in Public Debt in an Endogenous Growth Model with Public Capital" was held.

26/10/2012 Seminar

Research seminar "The Bright Side of Lending by Government Owned Banks: Evidence from Japan" was held.

25/10/2012 Seminar

Research seminar "Do Social Norms Matter to Energy Saving Behavior?: Social Endogenous and Correlated Effects" was held.

18/10/2012 Seminar

Research seminar "Inflated Ordered Outcomes and Monetary Policy Uncertainty" was held.

27/09/2012 Seminar

Research seminar "Bank's Role as an Information Provider for Exports: Evidence from Listed and Unlisted Firm Data" was held.

21/09/2012 Seminar

Research seminar "Natural Disasters, Damage to Banks, and Firm Investment" was held.

12/09/2012 Research Paper

Discussion paper "The Stability of a Regionally Fixed Exchange Rate System: Can Euro be Sustained by Austere Fiscal Discipline?" was uploaded.

24/08/2012 Research Paper

Discussion paper "A Study on Lucas' "Expectations and the Neutrality of Money"" was uploaded.

24/08/2012 Research Paper

Discussion paper "A Microeconomic Foundation for Optimum Currency Areas: The Case for Perfect Capital Mobility and Immobile Labor Forces" was uploaded.

03/08/2012 Research Paper

Discussion paper "A Macroeconomic Consequence of Foreign Direct Investment: The Welfare Economics of Industrial Hollowing" was uploaded.

03/08/2012 Seminar

Research seminar "A Macroeconomic Consequence of Foreign Direct Investment: The Welfare Economics of Industrial Hollowing" was held.

02/08/2012 Seminar

Research seminar "Sources of Private and Public R&D Spillovers: Technological, Geographic and Relational Proximity" was held.

27/07/2012 People

We are pleased to announce that Dr. Christopher Spencer (Loughborough University, UK) joined our institute as Shimomura Fellow.

19/07/2012 Seminar

Research seminar "Expansionary Effect of an Anticipated Fiscal Policy on Consumption in Japan" was held.

06/07/2012 Seminar

Research seminar "Comparative Advantage, Trade Costs, and International Productivity Gap: Evidence Built from French and Japanese Firm-Level Data" was held.

25/06/2012 Research Paper

Economic Affairs "Overcoming the Problems of an Unequal Society" was published (in Japanese).

01/06/2012 Seminar

Research seminar "How does the Stock Market Value Bank Diversification? Empirical Evidence from Japan" was held.

23/05/2012 Seminar

Research seminar "The Investment Value of Management Earnings Forecasts" was held.

27/04/2012 financial

DBJ Industrial Financial Data page was launched.

05/04/2012 Seminar

Research seminar "Asset Bubbles and Bailout" was held.

08/03/2012 Seminar

Research seminar "Firm Growth and Efficiency: A New Test of Efficient Structure Hypothesis" was held.

02/03/2012 Research Paper

Discussion paper "A Keynesian Endogenous Growth Theory with a Rigorous Microeconomic Foundation" was uploaded.

02/03/2012 Research Paper

Discussion paper "The Aggregation Problem in Employment Theory: The Representative Individual or Indivisible Employees Models?" was uploaded.

02/03/2012 Research Paper

Discussion paper "The Role of Money: Credible Asset or Numeraire?" was uploaded.

02/03/2012 Seminar

Research seminar "Authority and Soft Information Production within Banking Organization" was held.

29/02/2012 Seminar

Research seminar "A Keynesian Endogenous Growth Theory with a Rigorous Microeconomic Foundation" was held.

24/02/2012 Seminar

Research seminar "Nonparametric Estimation of Scalar Diffusion Processes of Interest Rates Using Asymmetric Kernels" was held.

23/02/2012 Seminar

Research seminar "Consolidation and Cost Effects in Japanese Regional Banks" was held.

17/02/2012 Seminar

Research seminar "Product Variety, Firm Entry, and Terms of Trade Dynamics" was held.

09/02/2012 Seminar

Research seminar "Bubbles, Banks and Financial Stability" was held.

26/01/2012 Seminar

Research seminar "Environmental Management Policy under International Carbon Leakage" was held.

25/01/2012 Seminar

Research seminar "On the Function of Key Currency" was held.

22/12/2011 Seminar

Research seminar "Mechanism Design for Financial Markets: Commitment and Market Transparency" was held.

22/12/2011 Research Paper

Discussion paper "The Employment-Isolation Effect under a Flexible Exchange Rate" was uploaded.

16/12/2011 Research Paper

Discussion paper "On the Function of Key Currency" was uploaded.

14/12/2011 Seminar

Research seminar "What is a family firm? Good or Bad? An Empirical Analysis of Corporate Behavior and Performance of Family Firms" was held.

01/12/2011 Seminar

Research seminar "In Search of Synergy Effects: Mergers and Productivity" was held.

18/11/2011 Event

RICF International Conference 2011 "Frontiers in Corporate Finance and Corporate Governance" was held.

16/11/2011 Seminar

Research seminar "Which Firms Benefit from Bribes, and by How Much? Evidence from Corruption Cases Worldwide" was held.

27/10/2011 Seminar

Research seminar "Managerial Attitudes toward to Market Valuations" was held.

14/10/2011 Event

RICF International Conference 2011 "Frontiers in Corporate Finance and Corporate Governance", will be held on November 18, 2011.[PDF: 58K]

07/10/2011 Seminar

Research seminar "How Did the Japanese Exports Respond? The Global Financial Crisis and the East Japan Earthquake" was held.

06/10/2011 Seminar

Research seminar "The Experience Premium" was held.

22/09/2011 Seminar

Research seminar "Japanese Financial System after the Global Recession of 2007-2009" was held.

14/09/2011 Seminar

Research seminar "Asian Pennies Are Not the Same as US Pennies" was held.

09/09/2011 Seminar

Research seminar "Collateral Constraints and Legal Protection of Lenders: A Macroeconomic Perspective" was held.

25/08/2011 Seminar

Research seminar "An Estimation of the Inside Bank Premium" was held.

04/08/2011 Seminar

Research seminar "Transactions as a Source of Agglomeration Economies: Buyer-Seller Matching in the Japanese Manufacturing Industry" was held.

01/08/2011 People

We are pleased to announce that Dr. Pantisa Pavabutr (Thammasat University, Bangkok) joined our institute as Shimomura Fellow.

21/07/2011 Seminar

Research seminar "Product Variety, Firm Entry, and Terms of Trade Dynamics" was held.

15/07/2011 Seminar

Research seminar "Amenity Potential, Private Benets of Control, and the Value of Levered Family Firms" was held.

14/07/2011 Seminar

Research seminar "The Gift of Time" was held.

14/07/2011 Research Paper

Discussion paper "Risk Management in Corporate Financial Policy" was uploaded.

08/07/2011 Other Publications
22/06/2011 Seminar

Research seminar "Managerial Power, Stock-Based Compensation, and Firm Performance " was held.

08/06/2011 Seminar

Research seminar "Global Financial Crisis and the Small- and Medium-sized Enterprises in Japan: How Did They Cope with the Crisis?" was held.

30/05/2011 Seminar

Research seminar "Emerging Market Currency Excess Returns" was held.

20/05/2011 Seminar

Research seminar "Long-Run Trends in Dependence in International Equity Markets" was held.

18/05/2011 Seminar

Research seminar "Quantitative Impacts of the Asset Price Channel in the Credit-Constrained Economy" was held.

25/04/2011 Seminar

Research seminar "Risk Management in Corporate Financial Policy" was held.

22/04/2011 Seminar

Research seminar "Sustainability, Endogenous Social Discount Rate, and Proportional Carbon Tax" was held.

18/04/2011 Seminar

Research seminar "The Role of Foreign Banks in Japanese Institutional Change: The Case of Loan Syndication" was held.

01/04/2011 Research Paper

Economics Today "Whither the Post-crisis Financial System?" was published (in Japanese).

25/03/2011 Research Paper

Discussion paper "On the Function of Money in the Search Model" was uploaded.

24/03/2011 Seminar

Research seminar "Financial Institution, Asset Bubbles and Economic Performance" was held.

10/03/2011 Seminar

Research seminar "Lending Market Segmentation and the Cost of Currency Integration" was held.

08/03/2011 Seminar

Research seminar "Institution-Induced Productivity Differences and Patterns of International Capital Flows" was held.

18/02/2011 Seminar

Research seminar "An Analysis of the Effects of Financial Market Imperfections on Indian Firms' Exporting Behavior" was held.

17/02/2011 Seminar

Research seminar "Differentiated Use of Small Business Credit Scoring by Relationship Lender and Transactional Lender: Evidence from the Firm-Bank Matched Data in Japan" was held.

03/02/2011 Seminar

Research seminar "Detrimental Effects of Retention Regulation: Incentives of Loan Screening in Securitization under Asymmetric Information" was held.

27/01/2011 Seminar

Research seminar "Banker's Overconfidence and Irrational Lending Behaviour" was held.

24/01/2011 People

We are pleased to announce that Dr. Worawat Margsiri (Fordham University, NY) joined our institute as Shimomura Fellow.

14/01/2011 Research Paper

Discussion paper "Sustainability, Endogenous Social Discount Rate, and Proportional Carbon Tax" was uploaded.

14/01/2011 Research Paper

Discussion paper "Exact Microeconomic Foundation for the Phillips Curve under Complete Markets: A Keynesian View" was uploaded.

14/01/2011 Seminar

Research seminar "Exact Microeconomic Foundation for the Phillips Curve under Complete Markets: A Keynesian View" was held.

15/12/2010 Seminar

Research seminar "The Governance of Industrial Foundations" was held.

06/12/2010 Seminar

Research seminar "Market-wide Sentiment, Firm-level Sentiment and the IPO Pricing Process" was held.

02/12/2010 Seminar

Research seminar "How Can We Survive?: Soft Information Utilization in Japanese Competitive Local Credit Markets" was held.

11/11/2010 Seminar

Research seminar "Does the Stock Market Harm Investment Incentives?" was held.

08/11/2010 People

We are pleased to announce that Professor Steen Thomsen (Copenhagen Business School, Denmark) joined our institute as Shimomura Fellow.

22/10/2010 Research Paper

Discussion paper "Walking After Midnight: Measurements and Pricing Implications of Market Liquidity on Corporate Bonds" was uploaded.

21/10/2010 Seminar

Research seminar "Exaggerated Death of Distance: Revisiting Distance Effects on Regional Price Dispersions" was held.

15/10/2010 Seminar

Research seminar "Market-specific and Currency-specific Risk during the Global Financial Crisis: Evidence from the Interbank Markets in Tokyo and London" was held.

01/10/2010 Research Paper

Discussion paper "Can Analysts Analyze Mergers?" was uploaded.

01/10/2010 Research Paper

Discussion paper "Bureaucrats as Managers: Evidence from China" was uploaded.

01/10/2010 Research Paper

Economics Today "How Does the Loan Relation Depend on its Duration? Evidence from Firm and Bank Level Data" was published (in Japanese).