If a company’s corporate performance forecasting bias is not zero and it continues to over- or under-predict actual performance, capital investments and employment will deviate from their expected levels. Therefore, forecast bias is a very important issue for a company’s management. However,...

This study investigates the factors that influence the discontinuation of Japanese business start-ups using the resource-based view (RBV) framework. By conducting an empirical study using the binary logit model, this study reveals the factors that caused start-ups that began in 2006 to suspend...

This study investigates the factors that influence the discontinuation of Japanese business start-ups using the resource-based view (RBV) framework. By conducting an empirical study using the binary logit model, this study reveals the factors that caused start-ups that began in 2006 to suspend...

While most studies of the creative city focus on the policy of government or local government, we study the creative city framework led by a private company. Concretely, we study the creative city planning framework by Tokyu Corporation on the Futako-Tamagawa area in Setagaya Ward in Tokyo....

This study examines the reasons for research and development (R&D) inactivity in Japan’s construction industry. Specifically, it considers the structure of the construction industry in Japan and identifies contractors’ patterns of behaviour regarding R&D. This study examines the relations...

In recent years, in the bidding for public works, it has become increasingly necessary to select a contractor not only by price, but also by the construction quality. This study analyses the relationship between the performance evaluations of construction work on Japanese public works and...

The current standardized approach for assessing credit risk under Basel III depends on ratings assigned by credit rating agencies (CRAs). However, this approach presents three problems. First, the definitions of ratings used by CRAs to assess the likelihood of default and recovery rates are not...

Purpose: This study aims to analyse, from a corporate finance and governance perspective, the reasons why managers decide to delist their companies from a stock exchange. On the basis of the five hypotheses of voluntary delisting, this study examines why listed companies delist themselves...

This study summarises the independent competitive bid entry qualifications examination of public works in Japan. Contractors who wish to undertake public works must be scored by a nationwide standardised objective examination called <italic>Keiei Jikou Sinsa</italic> or <italic>Keisin</italic> in Japanese. They must be graded on...

Purpose – The purpose of this paper is to examine the factors that affect the discontinuance of business of start-up contractors and property companies in Japan. It will help managers of start-up contractors and property companies to effectively manage their companies. Furthermore, it will be...