{"id":6605,"date":"2019-10-04T11:00:20","date_gmt":"2019-10-04T02:00:20","guid":{"rendered":"https:\/\/www.waseda.jp\/inst\/wias\/?p=6605"},"modified":"2019-10-04T10:35:34","modified_gmt":"2019-10-04T01:35:34","slug":"__trashed-2-65","status":"publish","type":"post","link":"https:\/\/www.waseda.jp\/inst\/wias\/news\/2019\/10\/04\/6605\/","title":{"rendered":"Waseda Organizational and Financial Economics Seminar:  &#8220;Mandatory financial reporting frequency and external finance: Evidence from a quasi-natural experiment&#8221; (10\/28)"},"content":{"rendered":"<h4>Waseda Organizational and Financial Economics Seminar:<br \/>\n&#8220;Mandatory financial reporting frequency and external finance: Evidence from a quasi-natural experiment&#8221; (10\/28)<\/h4>\n<h5>\u8b1b\u6f14\u8005 \/ Speaker<\/h5>\n<p>\u85e4\u8c37 \u6dbc\u4f51 \uff08\u4e00\u6a4b\u5927\u5b66 \u5927\u5b66\u9662\u7d4c\u55b6\u7ba1\u7406\u7814\u7a76\u79d1 \u535a\u58eb\u5f8c\u671f\u8ab2\u7a0b\uff09<\/p>\n<ul>\n<li><u>\u7814\u7a76\u5206\u91ce\u00a0 \u95a2\u5fc3\u9818\u57df<\/u><br \/>\nReal effects of corporate disclosure, Stock listing, Insider trading, Economic Policy Uncertainty<\/li>\n<\/ul>\n<h5>\u65e5\u3000\u6642 \/ Date &amp; Time<\/h5>\n<p>2019\u5e7410\u670828\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;Mandatory financial reporting frequency and external finance:\u00a0 Evidence from a quasi-natural experiment&#8221;<\/p>\n<p style=\"text-align: justify;\">Using the unique institutional background of Japan, this study first examines the effects of the increase in the reporting frequency on corporate capital finance. Taking a Difference-in-Difference (DiD) approach, the study shows that the increase in the reporting frequency increases external finance but not bank loans. Second, the study finds that the positive effects of the increase in the reporting frequency are stronger in firms with a) financial constraints, b) ex-ante information asymmetry, and c) more external capital demand. The study also finds that the firms a) do not change the cash holding intensity, b) invest more, and c) payout more. Unlike prior literature, these findings suggest that the increase in the reporting frequency enhances firm activities. The study sheds light on the bright side of frequent financial reporting in Japan.<\/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<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;Mandatory financial reporting frequency and exte [&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-6605","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\/6605","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=6605"}],"version-history":[{"count":0,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts\/6605\/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=6605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/categories?post=6605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/tags?post=6605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}