WIAS Research Project Seminar Series: Waseda Organizational and Financial Economics Seminar
“Selective Disclosure: The Case of Nikkei Preview Articles”
by Dr. Yasushi Hamao (Professor, FBE Dept., University of Southern California) (11/23)
| タイトル Title |
‘Nice to be on the A-List’ |
|---|---|
| 講演者 Speaker |
Yasushi Hamao Professor, Finance and Business Economics Department, Marshall School of Business, University of Southern California Visiting Scholar, Columbia Business School, Columbia University U.S.A. |
| 日 時 Date & Time |
Monday, 23 November 2015, 13:00 – 14:30 |
| 会 場 Venue |
Rm. 1111 on the 11th floor, Building #11, Waseda University |
| 主 旨 Outline |
This study addresses an important shortcoming of the literature on credit availability by including a set of unlisted firms, the firms most likely to be bank dependent. Strikingly, banks appear to be much less willing to engage in evergreening behavior toward smaller, unlisted firms than toward listed firms. Moreover, the evergreening effect appears to be stronger for those firms listed on the more prestigious Tokyo Stock Exchange; that is, being on the list (being listed) matters, and being on the A-list matters even more, consistent with a Too Connected To Fail phenomenon for nonfinancial firms in Japan. |
| プログラム Schedule |
13：00 Opening Remarks （Hideaki Miyajima (Waseda University)） 13：05 Presentation 14：05 Question-and-answer session 14：25 Concluding Remarks（Hideaki Miyajima (Waseda University)） |
| 主 催 Organizer |
Waseda Institute for Advanced Study,Waseda University |
| 共 催 Co-organizer |
Research Institute of Business Administration,Waseda University |
| 申込み Registration |
No Pre-Registration Required. |
