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Credit ratings in the Japanese bond market

Yamori, Nobuyoshi; Nishigaki, Narunto; Asai, Yoshihiro - 2006

Recently, credit ratings have been enhancing the influence on issuers as well as the national economy. This paper explains the historical development and several current features of the Japanese bond market, and discusses why credit ratings gained a significant role in the 1990s. We also present...

Persistent link: https://www.econbiz.de/10010332394

Demand for Bank Loans Under Borrowing Constraints: A Panel Study of Japanese Firm Data.

Ogawa, K.; Suzuki K. - Institute of Social and Economic Research (ISER), Osaka … - 1996

We estimate a corporate demand model for bank loans on the basis of a panel data set of the Japanese corporations. What is novel is an explicit treatment of borrowing constraints in the estimation, which is formulated as a function of the land asset of the firms. The model is estimated by...

Persistent link: https://www.econbiz.de/10008602899

Credit Ratings in the Japanese Bond Market

Yamori, Nobuyoshi - 2006

Persistent link: https://www.econbiz.de/10012733853

Corporate real estate holding and stock returns: International evidence from listed companies

Ng, Joe Cho Yiu; Leung, Charles Ka Yui; Chen, Suikang - 2022

This study examines the relationship between corporate real estate (CRE) holdings and stock returns before and after the Global Financial Crisis (GFC). We find that (1) the United States and the United Kingdom show a negative relationship before the GFC and positive after the GFC. (2) Firms that...

Persistent link: https://www.econbiz.de/10013349601

Preference for young workers in mid-career recruiting using online ads for sales jobs: Evidence from Japan

Zvedelikova, Mirka - 2022

This study uses an original dataset of online mid-career job ads for full-time sales jobs collected from July 2018 to December 2019 to examine the use of explicit and implied age limits on job applicants and characteristics of companies that set them. Although Japanese law prohibits age...

Persistent link: https://www.econbiz.de/10014540450

Does self-regulation of advertisement length improve consumer welfare?

Matsubae, Taisuke; Matsushima, Noriaki - 2012

In Japan, TV platforms regulate themselves as to the length of the advertisements they air. Using modified Hotelling …

Persistent link: https://www.econbiz.de/10010332191

Testing the morale theory of nominal wage rigidity

Kawaguchi, Daiji; Ohtake, Fumio - 2004

workers' income satisfaction and work morale. This paper uses the current deflationary recession in Japan to estimate this …

Persistent link: https://www.econbiz.de/10010332192

Do the elderly dissave in Japan?

Horioka, Charles Yuji - 2004

In this paper, I summarize Albert Ando's seminal and ingenious work on the saving behavior of the elderly in Japan and … that the retired elderly in Japan dissave, in accordance with the life cycle hypothesis of saving, and that all of the … available data and evidence suggest that the life cycle hypothesis of saving is highly applicable in the case of Japan. …

Persistent link: https://www.econbiz.de/10010332193

Why are concavity conditions not satisfied in the cost function? The case of Japanese manufacturing firms during the bubble period

Ogawa, Kazuo - 2008

This paper examines empirically some of the reasons why Japanese manufacturing firms frequently fail to satisfy concavity conditions of the cost function. We focus on the 'bubble period' in the 1980s when land was in great demand for reasons related to both production and speculation, and land...

Persistent link: https://www.econbiz.de/10010332199

Time discounting and smoking behavior under tax hikes

Kang, Myong-Il; Ikeda, Shinsuke - 2010

By combining our broad panel survey of Japanese adults from 2005 to 2008 and actual cigarette tax data, we investigate how smoking behavior including responses to tax hikes depends on time discounting and its biases, such as hyperbolic discounting and the sign effect. Cigarette consumption...

Persistent link: https://www.econbiz.de/10010332205