論文 - 武田　史子

The effect of the Fukushima nuclear accident on stock prices of electric power utilities in Japan

Shingo Kawashima, Fumiko Takeda

Energy Economics （Elsevier BV）  34 （ 6 ） 2029 - 2038 2012年11月

研究論文（学術雑誌）, 共著, 責任著者, 査読有り,  ISSN  0140-9883

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The Economic Impact of Herd Behavior in the Japanese Loan Market

Ryuichi Nakagawa, Hidekazu Oiwa, Fumiko Takeda

Pacific-Basin Finance Journal （Elsevier BV）  20 （ 4 ） 600 - 613 2012年09月

研究論文（学術雑誌）, 共著, 責任著者, 査読有り,  ISSN  0927-538X

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Stock market reactions to audit failure in Japan: The case of Kanebo and ChuoAoyama

Shingo Numata, Fumiko Takeda

The International Journal of Accounting （World Scientific Pub Co Pte Lt）  45 （ 2 ） 175 - 199 2010年06月

研究論文（学術雑誌）, 共著, 責任著者, 査読有り,  ISSN  0020-7063

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Price movements in the Japanese online home electronics market

Tomonari Akimoto, Fumiko Takeda

Electronic Commerce Research and Applications （Elsevier BV）  8 （ 1 ） 28 - 36 2009年01月

研究論文（学術雑誌）, 共著, 責任著者, 査読有り,  ISSN  1567-4223

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This article investigates the price movements of home electronics products listed on a Japanese price comparison site. Our findings are as follows. (1) Price dispersion increases at earlier stages of the product life cycle and decreases at later stages. (2) The size of the price changes is larger in earlier stages than in the later stages. (3) The lowest prices change very frequently. (4) The lowest price decreases outnumber the lowest price increases. (5) The size of the lowest price changes is very small and is smaller when decreases occur than when increases occur. © 2008 Elsevier B.V. All rights reserved.

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Stock market reactions to the Japanese Sarbanes-Oxley act of 2006

Kosuke Seino, Fumiko Takeda

Corporate Ownership and Control （Virtus Interpress）  7 （ 2 ） 126 - 136 2009年

研究論文（学術雑誌）, 共著, 責任著者, 査読有り,  ISSN  1727-9232

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This article investigates stock market reactions to announcements related to the introduction of the Financial Instruments and Exchange Law or the so-called Japanese Sarbanes-Oxley Act (J-SOX), which was enacted to reinforce corporate accountability and responsibility. We find that the announcements leading to the passage of the J-SOX raised stock prices of firms listed on the First Section of the Tokyo Stock Exchange. Another finding is that firms with a high ratio of foreign shareholders or leverage experienced more positive stock price reactions. By contrast, whether the firm was audited by Big 4 audit firms did not seem to matter to investors. In addition, large firms tended to have more negative stock price reactions than small firms.

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A change in market responses to the environmental management ranking in Japan

Fumiko Takeda, Takanori Tomozawa

Ecological Economics （Elsevier BV）  67 （ 3 ） 465 - 472 2008年10月

研究論文（学術雑誌）, 共著, 責任著者, 査読有り,  ISSN  0921-8009

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How large creditors affect corporate bond prices through creditor coordination

F Takeda, K Takeda

The Institute of Comparative Economic Studies, Hosei University 2008年

研究論文（学術雑誌）, 共著, 筆頭著者, 最終著者, 責任著者, 査読有り

Mergers and Acquisitions and Corporate Performance in Japan.

R Kawahara, F Takeda

4 （ 3 ）  2007年

研究論文（学術雑誌）, 共著, 責任著者, 査読有り

Trade and the Environment in East Asia: Examining the Linkages with Japan and the USA

F Takeda, K Matsuura

Journal of the Korean Economy 7 （ 1 ） 33 - 56 2006年

研究論文（学術雑誌）, 共著, 責任著者, 査読有り

Stock price reactions to public TV programs on listed Japanese companies

Fumiko Takeda, Hiroaki Yamazaki

Economics Bulletin 13 （ 1 ）  2006年

研究論文（学術雑誌）, 共著, 責任著者, 査読有り

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This paper investigates stock price reactions to Japan fs popular TV program gProject X,h which was broadcast on NHK between 2000 and 2005. @By using a standard event study methodology, we found that stock prices of these companies increased on average after the broadcast. In particular, the programs focusing on product development and marketing tended to raise stock prices.

Trade and the environment in Latin America: Examining the linkage with the USA

Fumiko Takeda, Katsumi Matsuura

Economics Bulletin 6 （ 1 ）  2005年

研究論文（学術雑誌）, 共著, 責任著者, 査読有り

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This paper investigates how trade of "dirty" goods with the USA can affect the environmental pollution in Latin American (LA). By controlling for trade openness, the share of manufacturing in GDP, and the trade of pollution-intensive products with USA, CO2 emissions are estimated for 14 LA countries between 1986 and 1999. Our results show that increasing exports of "dirty" products to the USA tends to raise CO2 emissions in LA countries, while the opposite results occur for growing imports of those goods from the USA. Since the effect of "dirty" imports from the USA is larger than the effect of "dirty" exports to the USA, our results indicate that the trade of "dirty" products with the USA on the whole reduces CO2 emissions in LA countries during the estimation period.

Refinancing and coordination among multiple creditors and a debtor firm

Fumiko Takeda, Koichi Takeda

Global Business and Economics Review 7 （ 2-3 ） 234 - 246 2005年

研究論文（学術雑誌）, 共著, 責任著者, 査読有り,  ISSN  1097-4954

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This paper investigates the conditions under which a large creditor offers refinancing to a debtor firm and examines how that refinancing affects the decisions of the debtor firm and other creditors. We develop a model of a coordination game in which the actions of multiple creditors and the debtor firm are determined interdependently of each other. We find that refinancing can be beneficial for the large creditor only when the debtor firm faces a substantial, but not hopeless, risk of default. Whether the refinancing succeeds in preventing the default caused by the coordination failure, or gives rise to moral hazards of the debtor firm, depends on how poor the fundamentals of the debtor firm are. Another finding is that the size of the refinancing tends to be larger in cases where prior lending by a large creditor was greater, resulting in more serious debtor moral hazard. © 2005 Inderscience Enterprises Ltd.

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A twin crisis model with incomplete information

F Takeda

Journal of the Japanese and International Economies  18 （ 1 ） 38 - 56 2004年03月

研究論文（学術雑誌）, 単著, 責任著者, 査読有り,  ISSN  0889-1583

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Bank runs and international financial instability revisited

Fumiko Takeda

Economics Letters 73 （ 2 ） 187 - 194 2001年11月

研究論文（学術雑誌）, 単著, 責任著者, 査読有り,  ISSN  0165-1765

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This paper examines how an increase in international borrowing changes the probability of bank runs or currency crises under the fixed exchange rate regime. Capital inflows with a negative cross-border return differential may increase the probability of runs. © Elsevier Science B.V.

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