{"id":6639,"date":"2019-10-04T11:01:32","date_gmt":"2019-10-04T02:01:32","guid":{"rendered":"https:\/\/www.waseda.jp\/inst\/wias\/?p=6639"},"modified":"2019-10-23T18:19:58","modified_gmt":"2019-10-23T09:19:58","slug":"__trashed-2-66","status":"publish","type":"post","link":"https:\/\/www.waseda.jp\/inst\/wias\/news-en\/2019\/10\/04\/6639\/","title":{"rendered":"Waseda Organizational and Financial Economics Seminar:  &#8220;Mandatory financial reporting frequency and external finance: Evidence from a quasi-natural experiment&#8221; (October 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; (October 28)<\/h4>\n<h5>\u8b1b\u6f14\u8005 \/ Speaker<\/h5>\n<p>FUJITANI, Ryosuke \uff08Hitotsubashi University\uff09<\/p>\n<ul>\n<li><u>Field of Research Interests<\/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>Monday, 28 October 2019, 13:00 \u2013 14:30<\/p>\n<h5>\u4f1a\u3000\u5834 \/ Venue<\/h5>\n<p><a href=\"https:\/\/www.waseda.jp\/top\/en\/access\/waseda-campus\">Room 1111, 11F, Building 11, Waseda University<\/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 Opening Remarks \uff08MIYAJIMA,\u00a0Hideaki (Advisor, WIAS \/ Professor, Waseda University)\uff09<br \/>\n13:05\uff5e14:05 Presentation<br \/>\n14:05\uff5e14:25 Question-and-answer session<br \/>\n14:25\uff5e14:30 Concluding Remarks\uff08MIYAJIMA,\u00a0Hideaki \uff09<\/p>\n<h5>\u5bfe\u3000\u8c61 \/ Prospected Audience<\/h5>\n<p>Faculty and staff members of a university, grad students, undergraduates, the general public<\/p>\n<h5>\u4e3b\u3000\u50ac \/ Organizer<\/h5>\n<p>Research Institute of Business Administration, Waseda University<br \/>\nWaseda Institute for Advanced Study, Waseda University<\/p>\n<h5>\u7533\u8fbc\u307f \/ Registration<\/h5>\n<p>Free of charge. Please come to the event venue directly.<\/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":[95],"tags":[82,94,73],"class_list":["post-6639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-events-en","tag-general-en","tag-research-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts\/6639","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=6639"}],"version-history":[{"count":0,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts\/6639\/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=6639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/categories?post=6639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/tags?post=6639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}