untitled
|
|
- きみお みおか
- 5 years ago
- Views:
Transcription
1 () 24 SC ( ( 2
2 (99 Robert W. ogeldouglass C. North "for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change" ( 3 ( 4 2
3 ( 5 (5) ( 6 3
4 ,7 ( ( 8 4
5 Delivery) ( 9 ( 5
6 ) ( ( 2 6
7 3 ( 3, ( 4 7
8 ( ( 6 8
9 ( 7 ( 8 9
10 ( 9 ( 2
11 78)856) 86) 826) jpg ( ( 22
12 Lead-Lag ARCH,GARCH Wakita[2],Hamori, et al.[2] ( ,7 ( 24 2
13 853 ( 25 ( 26 3
14 4 ( ( 8 7 (
15 X Q % % ( 29 Maximize E u Π % = u Π% dg %, % Π % = Q + X = t = t Q X u = = ( ) = ( ) ( ) ( ) ( % ) ( % ) ( 3 5
16 ( * ) E u ( % )( % ) Π = ( % ) ( Π% ) (, ) SD) u Π = E % E M% % Q = E % E u = E % + Cov M% % ( 3 a Maximize E u Π = E Π Var Π 2 = E % + Cov M% % ( % ) % ( % ) (, ) ( ) ( ),( ) ( ) = E % a Var % X + Cov % % ( 32 6
17 ( % ) ( % ) ( % ) (( % ) ( % )) Minimize Var Π = Var X + Var Q QXCov, Cov (( % ),( % ) ) ( % ) ( %, % ) σ * X h = Q Var Cov = Var ρ ( % ) σ ( 33 2 R R 2 2 (, ) ( ) ( ) ( ) ( ) Cov % 2 2 % Var % 2 HE = R = r = = h Var % Var % Var % R 2 ( 34 7
18 ( h=,he= = Q> <(>) ( 35 a Maximize E u( Π % ) = E Π% Var ( Π% ) X 2 h= ( % ) ( ) (( % ),( % )) ( ) X Cov h = Q avar Var * E Q % %. (a) (Q )= ( ( 36 8
19 Howard and D'Antonio[984] ( 37 H) Working ( % ) ( % ) Π % = Q + X [988] (h) H 2 2 µ σ σ µ σ 2 h X µ σ σ µ σ = = µ σ µ h 2 + µ σ µ * * * Q ( 38 9
20 (H. H) h=h=h= H µ * X µ h= * = 2 Q σ 2 σ ( 39 (H 4. =E [ H=h H= µ σ 2 h= 2 = H h= µ σ ( 4 2
21 (H H 2 µ σ H if 2 µ σ ( 4 % % + = + R% = + R% % % + = + R% = + R% ( ) ( ) ( R ) ( R ) µ = E = + µ µ = E = + µ 2 2 ( ) ( % ) ( ) σ 2 2 ( ) ( % ) ( ) σ ( ( % ), ( % )) ( %, % ) σ = Var = Var + R = 2 R σ = Var = Var + R = σ 2 R = Cov + R + R = Cov R R = σ R R ( 42 2
22 h t X σ * t t RR 2 t t σ R = Q (t) H σ + µ R h σ µ R + + µ R h + µ R 2 R * 2 * X R * = Q ( ( 44 22
23 [988] [992] 5-2 ( 45 (( 24, Intraday Data ( 46 23
24 ( 47 ( 48 24
25 ( ARCH/GARCH ( 5 25
26 ( ( 5 (). 2. ( 52 26
27 ( 53 ( 54 27
28 H(h) - ( 55 ( 56 28
29 h(h ( 57 ( ( 58 29
30 ( ( 59 ( ( 6 3
31 Douglass C. North, The Economic Growth of the United States, 79-86, Norton, 966. Hamori, Shiegeyuki, Naoko Hamori and David A. Anderson. "An Empirical Analysis Of The Efficiency Of The Osaka Rice Market During Japan's Tokugawa Era," Journal of utures Markets, 2, v2(9,sep), Schaede, Ulrike. "orwards and utures In Tokugawa-eriod Japan: A Newerspective on The Dojima Rice Market," Journal of Banking and inance, 989, 3(4/5), (2)73-9 Ito, T., Seiki Dojima no kome sakimono shijo no kouritsusei ni tsuite (On the e.ciency ofthe rice futures market of Dojima in the 8th century). Keizai Kenkyu 44 (4), Wakita, Shigeru. "Efficiency of The Dojima Rice utures Market In Tokugawa-eriod Japan," Journal of Banking and inance, 2, 25(3,Mar), ( 6 Benninga, Simon, Rafael Eldor and Itzhak Zilcha. "The Optimal Hedge Ratio In Unbiased utures Markets," Journal of utures Markets, 984, 4(2), Howard, Charles T. and Louis J. D'Antonio. "A Risk-Return Measure Of Hedging Effectiveness," Journal of inancial and Quantitative Analysis, 984, 9(), -2. BrooksC., O.T. Henry, and G. ersand The Effect of Asymmetries on the Optimal Hedge Ratios. The Journal of Business, 22, 75, Eftekhari, Babak. "Lower artial Moment Hedge Ratios," Applied inancial Economics, 998, 8(6,Nov), Working, Holbrook. "New Concepts Concerning utures Markets and rices," American Economic Review, 962, 52(3), ( 62 3
Journal of Economic Behavior & Organization Quarterly Journal of Economics Review of Economics and Statistics Internal Labor Markets and Manpower Analysis Economics of Education Review Journal of Political
More information60 Vol. 44 No. 1 2 準市場 化の制度的枠組み: 英国 教育改革法 1988 の例 Education Reform Act a School Performance Tables LEA 4 LEA LEA 3
Summer 08 59 I はじめに quasi market II III IV V 1 II 教育サービスにおける 準市場 1 教育サービスにおける 準市場 の意義 Education Reform Act 1988 1980 Local Education Authorities LEA Le Grand 1991 Glennerster 1991 3 1 2 3 2 60 Vol. 44
More information1990年代以降の日本の経済変動
1990 * kenichi.sakura@boj.or.jp ** hitoshi.sasaki@boj.or.jp *** masahiro.higo@boj.or.jp No.05-J-10 2005 12 103-8660 30 * ** *** 1990 2005 12 1990 1990 1990 2005 11 2425 BIS E-mail: kenichi.sakura@boj.or.jp
More informationuntitled
c 645 2 1. GM 1959 Lindsey [1] 1960 Howard [2] Howard 1 25 (Markov Decision Process) 3 3 2 3 +1=25 9 Bellman [3] 1 Bellman 1 k 980 8576 27 1 015 0055 84 4 1977 D Esopo and Lefkowitz [4] 1 (SI) Cover and
More information論文08.indd
* 1 はじめに,, TOPIX TOPIX, TOPIX TOPIX Shelor Anderson and Cross C Japan Society of Monetary Economics 図 1 東日本大震災前後の株価 (TOPIX) の推移 1,000 950 900 850 800 750 700 図 2 阪神大震災前後の株価 (TOPIX) の推移 1,650 1,550 1,450
More information23_02.dvi
Vol. 2 No. 2 10 21 (Mar. 2009) 1 1 1 Effect of Overconfidencial Investor to Stock Market Behaviour Ryota Inaishi, 1 Fei Zhai 1 and Eisuke Kita 1 Recently, the behavioral finance theory has been interested
More informationPublic Investment, the Rate of Return, and Optimal Fiscal Policy Economic Growth Pioneering Economic Theory Mathematical Theories of Economic Growth Review of Economic Studiesvol.27 Econometrica vol.34
More information産業・企業レベルデータで見た日本の経済成長.pdf
2003 11 10 IT IT JIP JCER ) 2003 CD-ROM http://www.esri.go.jp/jp/archive/bun/bun170/170index. html 1 JIP Jorgenson, Mun, andstiroh (2002) GDP 2 3 1951 1954 1957 1960 1963 1966 1969 1972 1975 1978 1981
More information082_rev2_utf8.pdf
3 1. 2. 3. 4. 5. 1 3 3 3 2008 3 2008 2008 3 2008 2008, 1 5 Lo and MacKinlay (1990a) de Jong and Nijman (1997) Cohen et al. (1983) Lo and MacKinlay (1990a b) Cohen et al. (1983) de Jong and Nijman (1997)
More information10 2016 5 16 1 1 Lin, P. and Saggi, K. (2002) Product differentiation, process R&D, and the nature of market competition. European Economic Review 46(1), 201 211. Manasakis, C., Petrakis, E., and Zikos,
More information1. 2. (Rowthorn, 2014) / 39 1
,, 43 ( ) 2015 7 18 ( ) E-mail: sasaki@econ.kyoto-u.ac.jp 1 / 39 1. 2. (Rowthorn, 2014) 3. 4. 5. 6. 7. 2 / 39 1 ( 1). ( 2). = +. 1. g. r. r > g ( 3).. 3 / 39 2 50% Figure I.1. Income inequality in the
More informationuntitled
2007 2 * (i) (ii) 2006 7 1999 2 2000 8 1 (2003) Oda and Ueda (2005) 2005 Kimura and Small(2006) Iwamura, Shiratsuka and Watanabe (2006) (2006) 3 (i) (ii) (iii) 2 2 3 4 2.1 (2003) (2005) 1) (i) (ii) (i)
More informationStepwise Chow Test * Chow Test Chow Test Stepwise Chow Test Stepwise Chow Test Stepwise Chow Test Riddell Riddell first step second step sub-step Step
Stepwise Chow Test * Chow Test Chow Test Stepwise Chow Test Stepwise Chow Test Stepwise Chow Test Riddell Riddell first step second step sub-step Stepwise Chow Test a Stepwise Chow Test Takeuchi 1991Nomura
More informationOSIPP41_p1_2.eps
2007 年 冬 号 No.41 1 2 3 4 Peace Culture Review of Economic Design Journal of Labor Economics Hitotsubashi Journal of Economics Japan and the World Economy Daily Yomiuri Working Paper Series, Center for
More information表紙_目次.PDF
JIL 2 1980 vol.3 15 3 1 3 15 18 IT 26 28 33 20 OECD 80 90 (1998) (2000) 2 Aghion et al. (1999) OECD 1970 1 2 70 1980 90 1.1 Kuznets U inverted U-shaped hypothesis GNP U 1 18901940 6 3 Kuznets(1955) (1963)
More information自殺の経済社会的要因に関する調査研究報告書
17 1 2 3 4 5 11 16 30,247 17 18 21,024 +2.0 6 12 13 WHO 100 14 7 15 2 5 8 16 9 10 17 11 12 13 14 15 16 17 II I 18 Durkheim(1897) Hamermesh&Soss(1974)Dixit&Pindyck(1994) Becker&Posner(2004) Rosenthal(1993)
More informationThe Institute for Economic Studies Seijo University 6 1 20, Seijo, Setagaya Tokyo 157-8511, Japan The Institute for Economic Studies Green Paper No. 59 Consumers Decision on the Choice of Small Payment
More information1970). Baumol, W. J., Panzar, J. C. and R. D. Willig (1982); Contestable Markets and The Theory of Industry Structure, 1982. Caves, R. and M. E. Porter (1977); From entry barriers to mobility barriers:
More informationOSIPP40_p1_2.eps
2006 年 秋号 No.40 1 2 Asia-Pacific Financial Markets Review of Pacific Basin Financial Markets and Policies Studies on a Second Generation of Disequilibrium Economics International Economic Integration and
More information01-._..
Journal of the Faculty of Management and Information Systems, Prefectural University of Hiroshima 2014 No.6 pp.43 56 43 The risk measure for resilience in the inventory control system Nobuyuki UENO, Yu
More informationバリュー・アット・リスクのリスク指標としての妥当性について ― 理論的サーベイによる期待ショートフォールとの比較分析―
aaaab aabab VaR VaRArtzner et al. VaR VaR VaR Artzner et al.var VaR VaR VaR ρ XY ρ (X+Y ) ρ(x) + ρ(y ) XY ρ VaRArtzner et al.1999basak and Shapiro1999Danielsson2000Rootzén and Klüppelberg VaR VaR VaRVaR
More informationŁ\”ƒ1PDFŠp
48 2006 89 103 Keiji ABE This article investigates the first-day return and underwriter s ability on initial public offerings (IPOs). First, we find that, on average, offer prices of 405 IPOs listed on
More information5 西村成弘/P62‐78
Owen D. Young as an Entrepreneur 1. The General Electric History, 1876-1986, Annual Report 2. 3. 4. é é é à á é é é ü ä ü ü ä á Electric-Power Industry: Supply of Electrical Equipment and Competitive
More informationGDPギャップと潜在成長率
2003 output gap 80 1 20 90 20 70 2 1 2 output gap potential output 1 2 (2001) 3 potential rate of growth 2000 Meyer (2000) European Central Bank: (1999b) 2002 10 4 3 (2000) 4 4 () 5 5 5 6 () () 7 Total
More information研究シリーズ第40号
165 PEN WPI CPI WAGE IIP Feige and Pearce 166 167 168 169 Vector Autoregression n (z) z z p p p zt = φ1zt 1 + φ2zt 2 + + φ pzt p + t Cov( 0 ε t, ε t j )= Σ for for j 0 j = 0 Cov( ε t, zt j ) = 0 j = >
More information22原田氏_a_4.indd
55 2014 2.1 2.2 2.3 3.1 3.2 200 AAWE American Association of Wine Economics, http://www.wine-economics. org/ EuAWE European Association of Wine Economist, http://www. euawe.org/ 10 1991 VDQS Vineyard Data
More informationCOE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate Scho
COE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate School of Economics and Institute of Economic Research
More informationuntitled
2011 59 1 89 103 c 2011 2010 9 30 2011 4 11 5 23 2008 i.i.d. 1. 2008 2009 MSCI World 2008 2008 1 2007 2009 YTD 2008 HFRI Weighted Composite 19.03 Equity Hedge Relative Value Macro 2008 2009 2008 2009 2008
More information2016 (8) Variety Expansion Effects by Feenstra (1994) 1 Variety Effects Dixit and Stiglitz (1977) CES n n? n t U t = ( nt i=1 σ > 1, a it > 0,
2016 8 29 1 4 Variety Expansion Effects by Feenstra 1994 1 Variety Effects Dix and Stiglz 1977 CES n n? n t U t σ > 1, a > 0, σ a q σ n a 1 σ a p q U t P t E U t, p t U t P t U t V p, I I t a σ p 1 σ a
More informationuntitled
* 2001 (B) ** 113-0033 7-3-1 TEL(03)5841-5641FAX(03)5841-5521iwamoto@e.u-tokyo.ac.jp 1990 1990 1 2 3 1 (2002) 2 social infrastructure social capital Woolcook (1998) 3-1 - - 2 - 1990 Mera (1973) G Cobb-Douglas
More informationuntitled
2011 59 1 67 87 c 2011 2010 9 24 2011 1 25 1 26 unbiaseness regression unbiaseness regression 1. Kyle 1985 inicative quote Biais et al. 1999 unbiaseness regression Cao et al. 2000 Mahavan an Panchapagesan
More information時間割引:双曲割引と弱加法性
Discussion aper No. 666 June 2006 The Institute of Social and Economic Research Osaka University 6-1 Mihogaoka, Ibaraki, Osaka 567-0047, Japan Time Discounting: Declining Impatience and Interval Effect
More information福岡大学 商学論叢 第48巻 第2号
1) 1) 19961 2) 3) 2) 2002a2002b 3) IT 4) 5) 6) 4) direct investment 3 199511 5) 6) Sheldrake1996p.85197887 David A. Hounshellcreator Hounshell,1984p.31. 45Otto Mayr and Robert C. Post Mayr and Post198112
More information1. 2 Blank and Winnick (1953) 1 Smith (1974) Shilling et al. (1987) Shilling et al. (1987) Frew and Jud (1988) James Shilling Voith (1992) (Shilling e
Estimation of the Natural Vacancy Rate and it s Instability: Evidence from the Tokyo Office Market * ** *** Sho Kuroda*, Morito Tsutsumi**, Toyokazu Imazeki*** * ** *** rent adjustment mechanismnatural
More information03.Œk’ì
HRS KG NG-HRS NG-KG AIC Fama 1965 Mandelbrot Blattberg Gonedes t t Kariya, et. al. Nagahara ARCH EngleGARCH Bollerslev EGARCH Nelson GARCH Heynen, et. al. r n r n =σ n w n logσ n =α +βlogσ n 1 + v n w
More information本 ディスカッションペーパーの 内 容 や 意 見 は 全 て 執 筆 者 の 個 人 的 見 解 であり 金 融 庁 あるいは 金 融 研 究 センターの 公 式 見 解 を 示 すものではありません
FSA Institute Discussion Paper Series エージェントシミュレーションを 用 いた 価 格 規 制 と ネイキッド ショート セ リングの 禁 止 の 有 効 性 の 検 証 大 井 朋 子 DP 2012-5 2012 年 12 月 金 融 庁 金 融 研 究 センター Financial Research Center (FSA Institute) Financial
More informationL Y L( ) Y0.15Y 0.03L 0.01L 6% L=(10.15)Y 108.5Y 6%1 Y y p L ( 19 ) [1990] [1988] 1
1. 1-1 00 001 9 J-REIT 1- MM CAPM 1-3 [001] [1997] [003] [001] [1999] [003] 1-4 0 . -1 18 1-1873 6 1896 L Y L( ) Y0.15Y 0.03L 0.01L 6% L=(10.15)Y 108.5Y 6%1 Y y p L 6 1986 ( 19 ) -3 17 3 18 44 1 [1990]
More informationわが国企業による資金調達方法の選択問題
* takeshi.shimatani@boj.or.jp ** kawai@ml.me.titech.ac.jp *** naohiko.baba@boj.or.jp No.05-J-3 2005 3 103-8660 30 No.05-J-3 2005 3 1990 * E-mailtakeshi.shimatani@boj.or.jp ** E-mailkawai@ml.me.titech.ac.jp
More information橡表紙参照.PDF
CIRJE-J-58 X-12-ARIMA 2000 : 2001 6 How to use X-12-ARIMA2000 when you must: A Case Study of Hojinkigyo-Tokei Naoto Kunitomo Faculty of Economics, The University of Tokyo Abstract: We illustrate how to
More information2 Recovery Theorem Spears [2013]Audrino et al. [2015]Backwell [2015] Spears [2013] Ross [2015] Audrino et al. [2015] Recovery Theorem Tikhonov (Tikhon
Recovery Theorem Forward Looking Recovery Theorem Ross [2015] forward looking Audrino et al. [2015] Tikhonov Tikhonov 1. Tikhonov 2. Tikhonov 3. 3 1 forward looking *1 Recovery Theorem Ross [2015] forward
More informationワールド・ワイド 10‐2(P)/3.中尾
28 1 35 35 1 2003 35 2 3 4 29 1965 1998 35 1000 5 647 1960 6 35 7 8 2 30 10 2 2. 1 2. 2 2. 3 3 3. 1 3. 2 4 2 2 2. 1 9 1 2003 1 647 10 t π macro 1 1964 1998 31 t- π macro 7.21 0.12 t 31.3610.65 R 2 0.77
More information公務員倫理問題への新アプローチ
OECD CPI CPI CPI CPI CPI CPI / GDP / / / /.............................. Transparency International Corruption Perception Index CPI CPI 30 25 20 15 10 5 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
More information18 2 2016 2 5 6 Robert S. Ross 7 Charles L. Glaser 8 Susan Shirk 9 10 5 David Shambaugh, China Engages Asia: Reshaping the Regional Order Internationa
revisionist power status quo power 1 Aaron Friedberg 2 John J. Mearsheimer 3 4 David Shambaugh 2005 1 Alastair Iain Johnston, Is China a Status Quo Power? International Security, vol. 27, no. 4, (Spring
More information1 (1997) (1997) 1974:Q3 1994:Q3 (i) (ii) ( ) ( ) 1 (iii) ( ( 1999 ) ( ) ( ) 1 ( ) ( 1995,pp ) 1
1 (1997) (1997) 1974:Q3 1994:Q3 (i) (ii) ( ) ( ) 1 (iii) ( ( 1999 ) ( ) ( ) 1 ( ) ( 1995,pp.218 223 ) 1 2 ) (i) (ii) / (iii) ( ) (i ii) 1 2 1 ( ) 3 ( ) 2, 3 Dunning(1979) ( ) 1 2 ( ) ( ) ( ) (,p.218) (
More informationHi-Stat Discussion Paper Series No.248 東京圏における 1990 年代以降の住み替え行動 住宅需要実態調査 を用いた Mixed Logit 分析 小林庸平行武憲史 March 2008 Hitotsubashi University Research Unit
Hi-Stat Discussion Paper Series No.248 東京圏における 1990 年代以降の住み替え行動 住宅需要実態調査 を用いた Logit 分析 小林庸平行武憲史 March 2008 Hitotsubashi University Research Unit for Statistical Analysis in Social Sciences A 21st-Century
More information1 Jensen et al.[6] GRT S&P500 GRT RT GRT Kiriu and Hibiki[8] Jensen et al.[6] GRT 3 GRT Generalized Recovery Theorem (Jensen et al.[6])
Generalized Recovery Theorem Ross[11] Recovery Theorem(RT) RT forward looking Kiriu and Hibiki[8] Generalized Recovery Theorem(GRT) Jensen et al.[6] GRT RT Kiriu and Hibiki[8] 1 backward looking forward
More informationaragciv54mac.dvi
2013 3 25 ( 4 ) Modigliani-Miller(1963) 1 1 1 IRR ( ) NPV IRR NPV IRR NPV IRR 100 EBIT 20 20% τ (1 τ) 20% CC tax = S V ρ S + B V (1 τ)ρ B (1) S B V ρ S CAPM 1 ρ B *1 (1) MM *2 ( ) MM MM ( ) MM (1 τ) 20%
More information小塚匡文.indd
流通科学大学論集 - 経済 情報 政策編 - 第 22 巻第 2 号,19-32(2014) Lending Behavior for Small-Medium Business by Shinkin Bank and Other Domestic Bank in Japan: Evidences from Time Series Data Masafumi Kozuka I. 2006 99.7
More informationVol.57 No.4 March 2008 : () 1 () () (1 ) (2 ) ( ) 1 Takagi (1989)Hamao (1992) (1998)
Title Author(s) 東京証券取引所における株式取引 : 2001 年から 2003 年 太田, 亘 Citation 大阪大学経済学. 57(4) P.242-P.262 Issue Date 2008-03 Text Version publisher URL https://doi.org/10.18910/15995 DOI 10.18910/15995 rights Vol.57
More information* % 25.7% * 21 COE
KEIO UNIVERSITY MARKET QUALITY RESEARCH ROJECT (A 21 Cenury Cener of Excellence rojec) 27 99 1.78%25.7% * Graduae School of Economic and Graduae School of Buine and Commerce, Keio Univeriy 2-15-45 Mia,
More informationわが国のレポ市場について―理論的整理と実証分析―
GCGC SC GCSC SC SC E-mail: yasunari.inamura@boj.or.jp E-mail: naohiko.baba@boj.or.jp GC general collateralscspecial collateral Griffiths and Winters GCFF Jordan and JordanDuffie matched book GC GC SC DuffieKrishnamurthy
More information導入
CIRJE-J-120 2004 10 CIRJE http://www.e.u-tokyo.ac.jp/cirje/research/03research02dp_j.html ** *** ** okazaki@e.u-tokyo.ac.jp *** masaki@econ.osaka-u.ac.jp - 1 - History of Production Organizations Abstract
More information国際文化20号.indd
1 2 3 unauthorized immigrants 1 The Americano Dream 2 3 a b c d 1 2 2006 5 1 100 40 1 2005 12 2006 3 1990 19 20 21 2001 9 9 11 2004 1 F 2 U.S.Census Bureau 2000 199010 1130 3110 199057 20043424 19 20 1900-1910
More informationヒストリカル法によるバリュー・アット・リスクの計測:市場価格変動の非定常性への実務的対応
VaR VaR VaR VaR GARCH E-mail : yoshitaka.andou@boj.or.jp VaR VaR LTCM VaR VaR VaR VaR VaR VaR VaR VaR t P(t) P(= P() P(t)) Pr[ P X] =, X t100 (1 )VaR VaR P100 P X X (1 ) VaR VaR VaR VaR VaR VaR VaR VaR
More information90 COE 2006 6 8....................................... 8....................................... 12....................................... 15 I 19 1 21....................................... 21 1.1.........................
More informationI- Fama-French 3, Idiosyncratic (I- ) I- ( ) 1 I- I- I- 1 I- I- Jensen Fama-French 3 SMB-FL, HML-FL I- Fama-French 3 I- Fama-MacBeth Fama-MacBeth I- S
I- Fama-French 3, Idiosyncratic (I- ) I- ( ) 1 I- I- I- 1 I- I- Jensen Fama-French 3 SMB-FL, HML-FL I- Fama-French 3 I- Fama-MacBeth Fama-MacBeth I- SMB-FL, HML-FL Fama-MacBeth 2, 3, 5 I- HML-FL 1 Fama-French
More informationFinancial Reporting Standard 17 FRS17 FAS87 87 Financial Accounting Standard 87 FAS87 International Accounting Standard Board IASB 19 Internat
No,25-36(2005) Two Changes in Accounting Principles of Pension Plans British, or Americanthat is the question Masaharu Usuki Nihon University, Graduate School of Social and Cultural School, and NLI Research
More information財政赤字の経済分析:中長期的視点からの考察
1998 1999 1998 1999 10 10 1999 30 (1982, 1996) (1997) (1977) (1990) (1996) (1997) (1996) Ihori, Doi, and Kondo (1999) (1982) (1984) (1987) (1993) (1997) (1998) CAPM 1980 (time inconsistency) Persson, Persson
More information情報化社会に関する全国調査中間報告書
12 1 1.1 1990 1995: 171 2 Blauner 1964=1971 2 3 United States Department of Labor 1965 1976 Kohn and Schooler 1983 1-2 JIS2001 JIS2002 Kohn and Schooler 1983 126 Kohn and Schooler 1983 3 United States
More informationuntitled
CA 04 1,360 100.8 0.1 83 34,176 7.61 0.40 51,532 1.3 322,736 5.9 05 1,369 100.0 0.8 80 57,269 7.86 0.43 55,001 6.7 311,107 3.6 06 1,370 99.8 0.2 83 48,250 7.73 0.46 56,369 2.5 319,129 2.6 06/ 1-3 99.4
More informationTitle 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
More informationConstitution State colonies Provisions State Nutmeg State Land of Steady Habits Quinnehtukqut Quinnihtukqut Nautilus American Turtle Yankee Omi Omi Shonin Edo The Theory of Environmental Policy A Listing
More informationAn Empirical Study of the Securities Firms' Dilemma on Financial Innovation through Diffusion of Internet Deals Yasugi Satoshi Bower, J. L., 1999, Disruptive technologies: Catching the wave,
More informationBrennan, G. and Lomasky, L., Democracy and Decision : The Pure Theory of Electoral Preference, Cambridge: Cambridge U. P., 1993. Campbell, A., Converse, P. E., Miller W. E., and Stokes, D. E., Elections
More information- March IMF IMF IMF ITO The General Agreement on Tariffs and Trade
M&A IMF IMF gold tranche - March IMF IMF IMF ITO The General Agreement on Tariffs and Trade IMF IMF IMF GATT OECD OECD BITs. - March. U I = I (r m, i, Z * r m i Z * (= Z / Z) I / r m > I / i < I / Z *
More informationuntitled
146,650 168,577 116,665 122,915 22,420 23,100 7,564 22,562 140,317 166,252 133,581 158,677 186 376 204 257 5,594 6,167 750 775 6,333 2,325 298 88 5,358 756 1,273 1,657 - - 23,905 23,923 1,749 489 1,309
More information橡motonishi.PDF
2000 3 ITME Discussion Paper No.26 850-8506 4-2-1 moto@net.nagasaki-u.ac.jp 1 1 MRF 1 (2000) 2 MRF 2 Schreft (1997) 3 2 Tobin (1985) Friedman (1992) 3 3 4 5 3 4 5 2 White (1984) 1 4 (1996) (1999) (1999)
More informationheadquarter Gertner et al. winner-picking Wal-Mart s
CJEB The financial strategies of Japanese multinational enterprises and internal capital market, Columbia Business School, CJEB, Working Paper No., April,. headquarter Gertner et al. winner-picking Wal-Mart
More informationA System of National Accounts (SNA) 2
(JFRC Working Paper No. 01-2014) Japan Futures Research Center, Ph.D., MBA () () 1 A System of National Accounts (SNA) 2 ) ( 3 ) () ( Vensim 1 1: () 300,000) 80,000 200,000 70,000 0 40,000 310,000 4 1
More information戦間期日本企業の資金調達、資本コスト、資本構成:最適資本構成理論からみた1930年代における企業財務
1930 Modigliani and Miller [1958] 170 1930 2008 7 16 I E-mail: takashi.nanjou@boj.or.jp E-mail: cc00881@srv.cc.hit-u.ac.jp //2009.7 81 1. 1 2 M&A 3 4 1965 1969 1995 1995 1993 1 2008 2008 1985 2006 10 ROA
More informationMaking Democracy Work Making Democracy Work 2 21 22 142
Making Democracy Work 1 Making Democracy Work et al 141 Making Democracy Work Making Democracy Work 2 21 22 142 et al 23 143 3 31 144 32 145 4 146 147 148 B p B p B p B p B p N R Bp 149 5 Bowling Together
More information商学 66‐1☆/16.田口
251 1 2, 3 4, 5 2 1 2005 stakeholder agent p.13 2005 2009, 2011, 2012, 2013 b, 2014 Taguchi et al.2013 Aoki2001, 201019962010 2014 2013! 252 2 " " " " 6 " " " " 7 2! 3 p.5 2013 2011201120132012 Aoki20012004
More informationuntitled
Barro Regression Does social capital improve regional economic growth? - Investigation using prefectural cross-sectional data in Japan - Abstract The purpose of this research is to empirically examine
More information130 Oct Radial Basis Function RBF Efficient Market Hypothesis Fama ) 4) 1 Fig. 1 Utility function. 2 Fig. 2 Value function. (1) (2)
Vol. 47 No. SIG 14(TOM 15) Oct. 2006 RBF 2 Effect of Stock Investor Agent According to Framing Effect to Stock Exchange in Artificial Stock Market Zhai Fei, Shen Kan, Yusuke Namikawa and Eisuke Kita Several
More informationPDFŠpŒ{Ł¶
Shinkin Central Bank Monthly Review 2003.12 hinkin Central Bank Monthly Review 200312 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Community Banker 24 25 26 27 28 29 30 31 32 33 34 35 36
More informationuntitled
Quantitative Risk Assessment on the Public Health Impact of Pathogenic Vibrio parahaemolyticus in Raw Oyster 1 15 5 23 48 2 21 1 16 1 16 1 11 3 1 3 4 23 1 2 16 12 16 5 6 Hazard IdentificationExposure
More informationKEYWORD: ( 1) Insert (2005)
Osaka University of Economics Working Paper Series No. 2011-2 所得格差拡大の要因 : 人口の高齢化の再検討 大阪経済大学経済学部山口雅生 2011 年 5 月 2011 5 1989 2004 2 60 60 1989 1994 1994 1999 60 1999 2004 1994 60 1994 1994 1999 320 1999
More information橡計画0.PDF
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 120. ( ) 620 250 29 30 31 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 Return on Risk Assets 57 58
More information物価変動の決定要因について ― 需給ギャップと物価変動の関係の国際比較を中心に―
NAIRU NAIRU NAIRU GDPGDP NAIRUNon- Accelerating Inflation Rate of Unemployment GDP GDP NAIRU Lown and RichFisher, Mahadeva and Whitley raw materials G NAIRUTurnerFai WatanabeNAIRU Watanabe nested NAIRU
More informationプラズマ核融合学会誌1月【83-2】/講座2-3
2.3 Plasma Flow Measurements Spectroscopic Methods KADO Shinichiro author s e-mail: kado@q.t.u-tokyo.ac.jp Czerny-Turner GN: grating normalmn: mount normalfn: facet normal. f L L Fig. 3 μ μ in-situ μ
More informationbottleneckjapanese.dvi
1 M&A Keywords:,. Address: 742-1, Higashinakano, Hachioji-shi, Tokyo 192-09,Japan fax:+81 426 74 425 E-mail: yangc@tamacc.chuo-u.ac.jp ; yasuokaw@tamacc.chuo-u.ac.jp 1 Yang and Kawashima(2008) 1 2 ( MVI
More informationSUSENAS Kor Modul (2) (3) (4)
(1) Survei Sosial Economi NasionalNational Socio-economic Survey SUSENAS Kor Modul (2) (3) (4) SUSENAS SUSENAS SUSENAS / (5) t p t p SUSENAS t SUSENAS SUSENAS t p ( ( t p SUSENAS t SUSENAS (6) Oey-Gardiner
More information山形大学紀要
x t IID t = b b x t t x t t = b t- AR ARMA IID AR ARMAMA TAR ARCHGARCH TARThreshold Auto Regressive Model TARTongTongLim y y X t y Self Exciting Threshold Auto Regressive, SETAR SETARTAR TsayGewekeTerui
More informationyasi10.dvi
2002 50 2 259 278 c 2002 1 2 2002 2 14 2002 6 17 73 PML 1. 1997 1998 Swiss Re 2001 Canabarro et al. 1998 2001 1 : 651 0073 1 5 1 IHD 3 2 110 0015 3 3 3 260 50 2 2002, 2. 1 1 2 10 1 1. 261 1. 3. 3.1 2 1
More informationOECD INVEST JAPAN jp/ij/index.htm
Powered by TCPDF (www.tcpdf.org) Title OECD 諸国における経営資源の収益率の推計 Sub Title Rates of return on managerial resources : the case of OECD countries Author 遠藤, 正寛 (Endoh, Masahiro) Publisher 慶應義塾大学出版会 Publication
More informationRIETI Highlight VOL.25
RIETI Highlight 2009 SUMMER 25 VOL. Research Digest RIETI 2009 SUMMER VOL. 25 Highlight 1 2 3 5 8 10 12 13 14 19 ResearchDigest 20 24 28 32 36 38 40 41 42 44 45 RIETI Topics 01 CONTENTS 02 RIETI Highlight
More information商品流動性リスクの計量化に関する一考察(その2)―内生的流動性リスクを考慮したストレス・テスト―
E-mail: shigeru_yoshifuji@btm.co.jp E-mail: fuminobu_otake@btm.co.jp Bangia et al. G Bangia et al. exogenous liquidity risk endogenous liquidity risk et al LTCMLong Term Capital Management Fed G G T
More information........,.,.,..,.,.,.,.,.,.,.,., International Capital Market Litan et al a b c d M&A a a b E- e- Litan et al. : Table Levine World Bank Levine Greenwald et al. B R F R r R R r B R r B R r B R R Stiglitz
More informationOECD Benartzi and Thaler Brown et al. Mottla and Utkus Rooiji et al. Atkinson et al. MacFarland et al. Elton et al. Tang et al. Benartzi and Thaler Br
IFRS. OECD Benartzi and Thaler Brown et al. Mottla and Utkus Rooiji et al. Atkinson et al. MacFarland et al. Elton et al. Tang et al. Benartzi and Thaler Brown et al. /n Benartzi and Thaler n /n Benartzi
More informationWinter 図 1 図 OECD OECD OECD OECD 2003
266 Vol. 44 No. 3 I 序論 Mirrlees 1971 Diamond 1998 Saez 2002 Kaplow 2008 1 700 900 1, 300 1, 700 II III IV V II わが国の再分配の状況と国際比較 OECD Forster and Mira d Ercole 2005 2006 2001 Winter 08 267 図 1 図 2 2000 2
More informationDP
KEIO UNIVERSITY MARKET QUALITY RESEARCH PROJECT (A 21 st Century Center of Excellence Project) DP2004-13 * ** * ** Graduate School of Economics and Graduate School of Business and Commerce, Keio University
More informationDGE DGE 2 2 1 1990 1 1 3 (1) ( 1
早 稲 田 大 学 現 代 政 治 経 済 研 究 所 ゼロ 金 利 下 で 量 的 緩 和 政 策 は 有 効 か? -ニューケインジアンDGEモデルによる 信 用 創 造 の 罠 の 分 析 - 井 上 智 洋 品 川 俊 介 都 築 栄 司 上 浦 基 No.J1403 Working Paper Series Institute for Research in Contemporary Political
More informationfiúŁÄ”s‘ê‡ÌŁª”U…−…X…N…v…„…~…A…•‡Ì ”s‘ê™´›ß…−…^†[…fiŠ‚ª›Âfl’«
2016/3/11 Realized Volatility RV 1 RV 1 Implied Volatility IV Volatility Risk Premium VRP 1 (Fama and French(1988) Campbell and Shiller(1988)) (Hodrick(1992)) (Lettau and Ludvigson (2001)) VRP (Bollerslev
More information