The Research Institute of Capital Formation (RICF) was established on July 1, 1964, as a department of the Japan Development Bank, with Dr. Osamu Shimomura as its first executive director. The institute currently serves as a research department of the Development Bank of Japan, conducting research aimed at the formation of a sustainable economy and society.
28/04/2023 | ![]() |
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30/01/2023 | ![]() |
Handbook of Industrial Financial Data 2022 (in Japanese). |
31/08/2022 | ![]() |
The Real Effect of ESG Rating Agencies [PDF:795K] |
20/12/2021 | ![]() |
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06/09/2021 | ![]() |
Board Gender Diversity and Environmental Disclosure: Evidence from Listed Firms in Japan (in Japanese). |
08/03/2021 | ![]() |
The Distribution of Voting Rights to Shareholders [PDF:661K] |
25/09/2020 | ![]() |
Trends of Global Economy and Asia: US-China Disputes, Digitalization and the Course of Japan (in Japanese). |
18/08/2020 | ![]() |
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22/07/2020 | ![]() |
Reexamining the Role of Finance in Overcoming Industrial Pollution: Evidence from 1970s Lending Programs by the Japan Development Bank (in Japanese). |
14/07/2020 | ![]() |
Governance Reforms from Comparative Perspectives: The Capital Market, Ownership and Control (in Japanese). |
English monographs, launched in commemoration of the 50th anniversary of RICF, based on research by the RICF staff as well as other researchers in various capacities.