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Financial Anxieties of Large, Medium and Small Enterprises in japan
https://kyotogakuen.repo.nii.ac.jp/records/871
https://kyotogakuen.repo.nii.ac.jp/records/871a190b3e9-a751-4b8a-8b56-4f27a101b093
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
15-2-rahman (259.3 kB)
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| Item type | [ELS]紀要論文 / Departmental Bulletin Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2016-08-09 | |||||
| タイトル | ||||||
| タイトル | Financial Anxieties of Large, Medium and Small Enterprises in japan | |||||
| 言語 | en | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Financial anxiety | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | precautionary demand | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | unit roots | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | EGARCH | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| 雑誌書誌ID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AN10373395 | |||||
| 論文名よみ | ||||||
| タイトル | Financial Anxieties of Large, Medium and Small Enterprises in japan | |||||
| 著者 |
Rahman, Jahanur
× Rahman, Jahanur× Miyagawa, Shigeyoshi× Morita, Yoji |
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| 著者所属(英) | ||||||
| en | ||||||
| Department of Statistics, University of Rajshahi | ||||||
| 著者所属(英) | ||||||
| en | ||||||
| Department of Economics, Kyoto Gakuen University | ||||||
| 著者所属(英) | ||||||
| en | ||||||
| Department of Economics, Kyoto Gakuen University | ||||||
| 記事種別(日) | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 論文 | |||||
| 記事種別(英) | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | Article | |||||
| 抄録(英) | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | In our previous article (2005), we investigated financial anxieties over the economy of Japan by treating the conditional variances of TARCH model as the financial anxieties. However we did not distinguish between large enterprises and small enterprises, though we differentiated the financial anxieties between all enterprises and small enterprises. The reason was that we implicitly assumed that the financial anxieties of large firms were smaller than those of small firms in the period of financial distrss, since lerge firms could access the credit markets directly through stock and bond market. Small firms which were more dependent of bank loans were supposed to have much more finanncial anxieties in the finanncial panic than large firms. In this article, we have quantified the financial anxieties for four different catedories of enterprises:large enterprises, medium enterprises, small enterprises and adding altogether (viz., large + medium + small) as all enterprises. Also another new aspest is that we have used EGARCH model instesd of TARCH, because in this model there is no need for non-negative constraints on the parameters and more importantly, it also allows for asymmetries in the variance equation. Then we have compared and explained financial anxieties for all categories through the line of history of the deflationary economy of Japan. Our findings show the opposite results that was expected. That is to say, large firms respond to financial distress more strongly than small firms. |
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| 書誌情報 | 巻 15, 号 2, p. 49-60, 発行日 2005-12-01 | |||||
| 表示順 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 3 | |||||
| アクセション番号 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | KJ00004981728 | |||||
