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1 OECD 1995

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11 Dixit and Pindyck Dixit and Pindyck

12 Ogawa and Suzuki 2000 Ogawa and Suzuki q 2004 Ogawa and Suzuki Ogawa and Suzuki

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35 Abel, A. B. and O. Blanchard, (1986) The Present Value of Profits and Cyclical Movements in Investment, Econometrica, Vol.54, No.2, pp Blan chard, O. J., C. Rhee and L. Summers, (1993) The Stock Market, Profit and Investment, Quarterly Journal of Economics, Vol.108, pp Dixi t, A. K. and R. S. Pindyck, (1994) Investment under Uncertainty, Princeton University Press Haya shi, F. and T. Inoue, (1991) The Relation Between Firm Growth and Q with Multiple Capital Goods: Theory and Evidence from Panel Data on Japanese Firms, Economatrica, Vol.59, No.3, pp Hond a, Y. and K. Suzuki, (2000) Estimation of the Investment Thresholds of Large Japanese Manufacturers, The Japanese Economic Review, Vol.51, No.4, December, pp Ogaw a, K. and K. Suzuki, (2000) Uncertainty and Investment: Some Evidence from the Panel Data of Japanese Manufacturing Firm, The Japanese Economic Review, Vol.51, No.2, June, pp Whit e, H., (1980) A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity, Econometrica, Vol.48, pp pp OECD 1999 OECD OECD J a

36 b 2005a 2005b pp pp Vol.25 No.2 fepc. or. jp Working Paper Series, Working Paper Eviews

37 a 2004b 56 2 pp

38 The Doshisha University Economic Review Vol.57 No.3 Abstract Shin KINOSHITA, Econometric Analysis of the Effect on the Investment of Electricity Firms after the Regulatory Reform in Japan In Japan, the regulatory reform starts gradually from 1995 in the electricity industry. The main goal is to make the electricity market to be competitive as a result, to improve the high-cost performance, to lower the charge and to increase the consumer surplus. However, it increases uncertainty on the future profit. Firms are unwilling to invest for uncertainty to avoid sunk cost. In this paper, I investigate that the electricity firms reduce to invest for increasing of uncertainty after the regulatory reform started. I find that the electricity firms reduce to invest toward the supply and distribution system as well as the power system. This finding suggests that steady electricity supply may be damaged.

取引銀行の破綻が企業経営に及ぼす影響について-阪和銀行破綻の事例分析-

取引銀行の破綻が企業経営に及ぼす影響について-阪和銀行破綻の事例分析- 2 JEL Classification: G21, G14 Key words: e-mail y-murakami@aria.ocn.ne.jp 1 The Effect of Bank Failure on Client Firms A Study on the Hanwa Bank s Failure By Yoshiko Murakami Abstract The financial theories

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Title ベンチャー企業の研究開発支出の決定要因 日本と台湾の事例を中心に Author(s) 蘇, 顯揚 Citation 經濟論叢 (1996), 158(1): Issue Date URL   Right Title ベンチャー企業の研究開発支出の決定要因 日本と台湾の事例を中心に Author(s) 蘇, 顯揚 Citation 經濟論叢 (1996), 158(1): 54-76 Issue Date 1996-07 URL https://doi.org/10.14989/45083 Right Type Departmental Bulletin Paper Textversion publisher

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