Research Institute of Capital Formation (RICF) | Development Bank of Japan (DBJ)

What's New

25/07/2022		Research seminar "Placeholder CEOs" was held.
13/07/2023		Research seminar "Selection and Pricing of Green and Sustainability-Linked Corporate Bonds" was held.
06/07/2023		SpringerBriefs in Economics "Recent Advances in the Theory of Third-Degree Price Discrimination: A Nexus to Network Effects, Innovation, and Behavioral Aspects" was published.
16/06/2023		Research seminar "Unsecured loans and Intangible Investment" was held.
08/06/2023		Research seminar "Country-Level Air Pollutants and Institutions" was held.
05/06/2023		Research seminar "Empowering Women by Index Membership: Evidence from a Unique Experiment from Japan" was held.
01/06/2023		We are pleased to announce that Professor John K. Wald (University of Texas) joined our institute as Shimomura Fellow.
28/04/2023		Economics Today "Structure and Ingenuity of Ecosystem Formation in Life Science - System Formation in Belgium and Challenges in Japan -" was published.
21/04/2023		Research seminar "The Value of Bank Relationships: Evidence from the COVID-19 Crisis" was held.
13/02/2023		Research seminar "The Impact of Quantity Easing on Bank Lending in Japan" was held.
30/01/2023		"Handbook of Industrial Financial Data 2023" was published (in Japanese).
20/01/2023		Research seminar "Financial Innovations, Taxes, and the Growth of Finance" was held.
10/01/2023		Springer Monographs"Energy Productivity and Economic Growth: Experiences of the Japanese Industries, 1955-2019" was published.
09/12/2022		Research seminar "Floods and Loan Reallocation: New Evidence" was held.
18/10/2022		Research seminar "Excellent Science as a Driver for Innovation" was held.
14/10/2022		Research seminar "Term limit CEO and firm performance" was held.
31/08/2022		Discussion Paper "The Real Effect of ESG Rating Agencies" was uploaded.
21/07/2022		Research seminar "Ecosystem Based Organisation: External, Internal, and Strategic Alignment" was held.
15/07/2022		Research seminar "Firm Growth through New Establishments" was held.
14/07/2022		Research seminar "ESG in Banking" was held.
05/07/2022		Research seminar "Strategic Realignment: Overcoming Disruption and Improving Performance" was held.
01/07/2022		We are pleased to announce that Associate Professor Jonathan P. Trevor (University of Oxford) joined our institute as Shimomura Fellow.
13/06/2022		Research seminar "Do the asset owner's investment policies affect asset managers' ESG activities?" was held.
03/06/2022		Research seminar "The Real Effect of ESG Rating Agencies" was held.
01/06/2022		We are pleased to announce that Associate Professor Christo A. Pirinsky (University of Central Florida) joined our institute as Shimomura Fellow.
15/04/2022		Research seminar "Fire-Sale Risk in the Leveraged Loan Market" was held.
18/02/2022		Research seminar "Triple Bubbles of a Single Firm" was held.
28/01/2022		Research seminar "Measuring robot quality: Has quality improvement slowed down?" was held.
20/12/2021		"Handbook of Industrial Financial Data 2021" was published (in Japanese).
12/11/2021		The Fourth Conference on CSR, the Economy and Financial Markets was held.
05/11/2021		Research seminar "Value of payouts in the course of corporate governance reform" was held.
21/09/2021		SpringerBriefs in Economics"Excess Capacity and Difficulty of Exit: Evidence from Japan’s Electronics Industry"was published.
06/09/2021		Economics Today "Board Gender Diversity and Environmental Disclosure: Evidence from Listed Firms in Japan" was published (in Japanese).
18/06/2021		Research seminar "The Timing of Government Debt Reductions in the Presence of Inequality" was held.
14/05/2021		Research seminar "Lower-Level Substitution Bias in the Japanese Consumer Price Index: Evidence from Government Micro Data" was held.
08/03/2021		Discussion Paper "The Distribution of Voting Rights to Shareholders" was uploaded.
28/01/2021		"Handbook of Industrial Financial Data 2020" was published (in Japanese).

Recent Research Papers

Other Research Papers

28/04/2023		Structure and Ingenuity of Ecosystem Formation in Life Science - System Formation in Belgium and Challenges in Japan - (Tatsufumi Aoyama)[PDF:2.2M]
30/01/2023		Handbook of Industrial Financial Data 2022 (DBJ Research Institute　of Capital Formation (ed.)) (in Japanese).
31/08/2022		The Real Effect of ESG Rating Agencies (Bikmetova, Natalya and Christo A. Pirinsky)[PDF:795K]
20/12/2021		Handbook of Industrial Financial Data 2021 (DBJ Research Institute　of Capital Formation (ed.)) (in Japanese).
06/09/2021		Board Gender Diversity and Environmental Disclosure: Evidence from Listed Firms in Japan (Ayako Ozawa) (in Japanese).
08/03/2021		The Distribution of Voting Rights to Shareholders (Fos, Vyacheslav and Clifford G. Holderness)[PDF:661K]
25/09/2020		Trends of Global Economy and Asia: US-China Disputes, Digitalization and the Course of Japan (Ogawa, Eiji, Jun-ichi Nakamura and Masakazu Sato) (in Japanese).
18/08/2020		Renewable Governance: Good for the Environment? (Dyck, Alexander, Karl V. Lins, Lukas Roth, Mitch Towner and Hannes F. Wanger)[PDF:859K]
22/07/2020		Reexamining the Role of Finance in Overcoming Industrial Pollution: Evidence from 1970s Lending Programs by the Japan Development Bank (Uchiyama, Katsuhisa and Yuko Hosoda) (in Japanese).
14/07/2020		Governance Reforms from Comparative Perspectives: The Capital Market, Ownership and Control (Miyajima, Hideaki, Kazunori Suzuki, Jun-ichi Nakamura and Takuya Okada(eds.)) (in Japanese).

Information: Springer Monographs & SpringerBriefs in Economics: DBJ Research Series
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.