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The index of agency cost and the financial accelerator: the case of Japan
Uchiyama, Hirokuni - In: Japan and the world economy : international journal of … 18 (2006) 1, pp. 22-48
Persistent link: https://www.econbiz.de/10003253035
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Does agency cost model explain business fluctuations in Japan? An empirical attempt to estimate agency cost by firm size
Ogawa, Kazuo; Uchiyama, Hirokuni - 2003
An attempt is made to estimate a state space model of investment and borrowing in a Bayesian framework and extract the unobservable agency cost of Japanese firms by firm size. Our estimates of the agency cost exhibited a declining trend in the late 80s and then switched to an increasing trend in...
Persistent link: https://www.econbiz.de/10010332217
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Structural Change in Japanese Business Fluctuations and Nikkei 225 Stock Index Futures Transactions
Watanabe, Toshiaki; Uchiyama, Hirokuni - In: Public Policy Review 1 (2005) 1, pp. 19-32
Structural changes in business fluctuations have been gathering attention in Europe and the US in recent years. It has become clear that business fluctuations in the US began to stabilize from the middle of the 1980s, and similar structural changes have been observed in Europe. On the other...
Persistent link: https://www.econbiz.de/10010832859
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Does Agency Cost Model Explain Business Fluctuations in Japan?: An Empirical Attempt to Estimate Agency Cost by Firm Size
Ogawa, Kazuo; Uchiyama, Hirokuni - Institute of Social and Economic Research (ISER), Osaka … - 2003
An attempt is made to estimate a state space model of investment and borrowing in a Bayesian framework and extract the unobservable agency cost of Japanese firms by firm size. Our estimates of the agency cost exhibited a declining trend in the late 80s and then switched to an increasing trend in...
Persistent link: https://www.econbiz.de/10004985741
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Structural Change in Japanese Business Fluctuations and Nikkei 225 Stock Index Futures Transactions
Watanabe, Toshiaki; Uchiyama, Hirokuni - East Asian Bureau of Economic Research (EABER) - 2005
Structural changes in business fluctuations have been gathering attention in Europe and the US in recent years. It has become clear that business fluctuations in the US began to stabilize from the middle of the 1980s, and similar structural changes have been observed in Europe. On the other...
Persistent link: https://www.econbiz.de/10009365417
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Does agency cost model explain business fluctuations in Japan? : An empirical attempt to estimate agency cost by firm size
Ogawa, Kazuo (contributor); Uchiyama, Hirokuni (contributor) - 2003 - [Elektronische Ressource]
An attempt is made to estimate a state space model of investment and borrowing in a Bayesian framework and extract the unobservable agency cost of Japanese firms by firm size. Our estimates of the agency cost exhibited a declining trend in the late 80s and then switched to an increasing trend in...
Persistent link: https://www.econbiz.de/10001751324
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Does Agency Cost Model Explain Business Fluctuations in Japan? : An Empirical Attempt to Estimate Agency Cost by Firm Size
Ogawa, Kazuo - 2003
An attempt is made to estimate a state space model of investment and borrowing in a Bayesian framework and extract the unobservable agency cost of Japanese firms by firm size. Our estimates of the agency cost exhibited a declining trend in the late 80s and then switched to an increasing trend in...
Persistent link: https://www.econbiz.de/10012739812