{"id":6296,"date":"2019-05-27T10:00:01","date_gmt":"2019-05-27T01:00:01","guid":{"rendered":"https:\/\/www.waseda.jp\/inst\/wias\/?p=6296"},"modified":"2019-05-27T10:01:22","modified_gmt":"2019-05-27T01:01:22","slug":"__trashed-2-36","status":"publish","type":"post","link":"https:\/\/www.waseda.jp\/inst\/wias\/news\/2019\/05\/27\/6296\/","title":{"rendered":"Waseda Organizational and Financial Economics Seminar:  &#8220;Physical investment of Japanese firms during QE and non-QE periods: Did the transmission mechanism work?&#8221;(6\/10)"},"content":{"rendered":"<h4>Waseda Organizational and Financial Economics Seminar:<br \/>\n&#8220;Physical investment of Japanese firms during QE and non-QE periods: Did the transmission mechanism work?&#8221; (6\/10)<\/h4>\n<h5>\u8b1b\u6f14\u8005 \/ Speaker<\/h5>\n<p><a href=\"http:\/\/researchers.waseda.jp\/profile\/ja.84142aec89e4308a275ba9666000a2a3.html\">\u6734 \u76f8\u4fca<\/a>\uff08\u65e9\u7a32\u7530\u5927\u5b66 \u56fd\u969b\u5b66\u8853\u9662 \u6559\u6388\uff09<\/p>\n<ul>\n<li><u>\u7814\u7a76\u5206\u91ce\u00a0 \u95a2\u5fc3\u9818\u57df<\/u><br \/>\n\u7d4c\u6e08\u52d5\u5b66\u3001\u70ba\u66ff\u3001\u8cbf\u6613<\/li>\n<\/ul>\n<h5>\u65e5\u3000\u6642 \/ Date &amp; Time<\/h5>\n<p>2019\u5e746\u670810\u65e5\uff08\u6708\uff09 13:00\uff5e14:30<\/p>\n<h5>\u4f1a\u3000\u5834 \/ Venue<\/h5>\n<p><a href=\"https:\/\/www.waseda.jp\/top\/access\/waseda-campus\">\u65e9\u7a32\u7530\u5927\u5b66 \u65e9\u7a32\u7530\u30ad\u30e3\u30f3\u30d1\u30b9 11\u53f7\u9928 11\u968e 1111\u6559\u5ba4<\/a><\/p>\n<h5>\u4e3b\u3000\u65e8 \/ Outline<\/h5>\n<p>&#8220;Physical investment of Japanese firms during QE and non-QE periods: Did the transmission mechanism work?&#8221;<\/p>\n<p style=\"text-align: justify;\">This paper investigates whether the quantitative easing policy influenced physical investment decisions of Japanese publicly listed firms through neoclassical and non-neoclassical transmission channels using their financial statement data from 1991 to 2016.<br \/>\nEmpirical test results estimated by the system GMM indicate that, during the QE period, the neoclassical channel encouraged investment through Tobin\u2019s q and the non-neoclassical channel also worked through balance sheet effects.<br \/>\nOperating income and ownership structures are also found as determinants of firm investment since 1991 in Japan. In addition, the effect of financial leverage is estimated to be negative in general.<br \/>\nHowever, its impact turns out be somewhat different depending on the capital size of firms.<\/p>\n<h5>\u30d7\u30ed\u30b0\u30e9\u30e0 \/ Schedule<\/h5>\n<p>13:00\uff5e13:05 \u958b\u4f1a\u306e\u6328\u62f6\uff08\u5bae\u5cf6 \u82f1\u662d \u65e9\u7a32\u7530\u5927\u5b66\u9ad8\u7b49\u7814\u7a76\u6240 \u9867\u554f \uff0f \u5546\u5b66\u5b66\u8853\u9662 \u6559\u6388\uff09<br \/>\n13:05\uff5e14:05 \u8b1b\u6f14 \uff08\uff0a\u82f1\u8a9e\u3067\u306e\u8b1b\u6f14\uff09<br \/>\n14:05\uff5e14:25 \u8cea\u7591\u5fdc\u7b54<br \/>\n14:25\uff5e14:30 \u9589\u4f1a\u306e\u6328\u62f6\uff08\u5bae\u5cf6 \u82f1\u662d\uff09<\/p>\n<h5>\u5bfe\u3000\u8c61 \/ Prospected Audience<\/h5>\n<p>\u5b66\u90e8\u751f\u30fb\u5927\u5b66\u9662\u751f\u30fb\u6559\u8077\u54e1\u30fb\u4e00\u822c<\/p>\n<h5>\u4e3b\u3000\u50ac \/ Organizer<\/h5>\n<p>\u65e9\u7a32\u7530\u5927\u5b66 \u7523\u696d\u7d4c\u55b6\u7814\u7a76\u6240<br \/>\n\u65e9\u7a32\u7530\u5927\u5b66 \u9ad8\u7b49\u7814\u7a76\u6240<\/p>\n<h5>\u7533\u8fbc\u307f \/ Registration<\/h5>\n<p>\u4e8b\u524d\u7533\u8fbc\u307f\u4e0d\u8981\u3067\u3059\u3002\u76f4\u63a5\u4f1a\u5834\u306b\u304a\u8d8a\u3057\u304f\u3060\u3055\u3044\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Waseda Organizational and Financial Economics Seminar: &#8220;Physical investment of Japanese firms during QE  [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[24,26,28],"class_list":["post-6296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-events","tag-general","tag-research"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts\/6296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/comments?post=6296"}],"version-history":[{"count":0,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts\/6296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/media\/2762"}],"wp:attachment":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/media?parent=6296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/categories?post=6296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/tags?post=6296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}