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An empirical analysis of the discontinuance of business for startup contractors and property companies in Japan

Konno, Yukiko - In: Journal of Financial Management of Property and Construction 20 (2015) 1, pp. 50-64

-up contractors and property companies in Japan. It will help managers of start-up contractors and property companies to effectively … credit risks associated with these businesses. Design/methodology/approach – This study uses data from the Japan Finance …

Persistent link: https://www.econbiz.de/10014869084

Banking regulation and supervision in Japan: Some issues and concerns

Hall, Maximilian J.B. - In: Journal of Financial Regulation and Compliance 11 (2003) 1, pp. 45-59

doubts remain concerning the cost‐effectiveness of banking regulation and supervision in Japan. This paper duly highlights … the mutual benefit of Japan and the world economy. (This paper represents a revised and updated version of a presentation …

Persistent link: https://www.econbiz.de/10014869933

Japan: the banks are back! Or are they?

Hall, Maximilian J.B. - In: Journal of Financial Regulation and Compliance 17 (2009) 1, pp. 16-28

Purpose – The purpose of this paper is to demonstrate how Japanese bank “performance” has improved markedly since fiscal 2003 but to caution against over‐optimism. Design/methodology/approach – The methodological approach adopted involves using aggregate balance sheet data dating from...

Persistent link: https://www.econbiz.de/10014870120

The pricing of real options in discrete time models

Kawaguchi, Yuichiro; Tsubokawa, Kazuhiro - In: Journal of Property Investment & Finance 19 (2001) 1, pp. 9-34

This paper proposes a discrete time real options model with time‐dependent and serial correlated return process for a real estate development problem with waiting options. Based on a Martingale condition, the paper claims to be able to relax many unrealistic assumptions made in the typical...

Persistent link: https://www.econbiz.de/10014897989

Empirical testing of real option pricing models using Land Price Index in Japan

Yamazaki, Ritsuko - In: Journal of Property Investment & Finance 19 (2001) 1, pp. 53-72

The purpose of this research is to examine the way uncertainty plays a role in built land prices. This paper provides basic real option pricing models of land prices on the demand side in central Tokyo. The model in this research analyzes micro land prices covering individual lot data provided...

Persistent link: https://www.econbiz.de/10014897991

Cross‐market dynamics in property stock markets

Hiang Liow, Kim; Ooi, Joseph; Gong, Yantao - In: Journal of Property Investment & Finance 23 (2005) 1, pp. 55-75

Japan, Hong Kong, Singapore and Malaysia; and four European property stock markets of UK, France, Germany and Italy …

Persistent link: https://www.econbiz.de/10014898089

Biases in appraisal land price information: the case of Japan

Shimizu, Chihiro; Nishimura, Kiyohiko - In: Journal of Property Investment & Finance 24 (2006) 2, pp. 150-175

/methodology/approach – In Japan, there is an item of land price information, so‐called Koji‐Chika (PLPS: Published Land Price Information System … was considered. Analysis of the Tokyo metropolitan area in Japan took place between 1975 and 1999 Findings – Large and … this issue in the context of the entire real estate appraisal system in Japan. Research limitations …

Persistent link: https://www.econbiz.de/10014898128

Interest rate risk and time‐varying excess returns for Asian property stocks

Hiang Liow, Kim; Huang, Qiong - In: Journal of Property Investment & Finance 24 (2006) 3, pp. 188-210

Purpose – Aims to investigate whether the level and volatility of interest rates affect the excess returns of major Asian listed property markets within a time‐varying risk framework. Design/methodology/approach – A three‐factor model is employed with excess return volatility, interest...

Persistent link: https://www.econbiz.de/10014898130

Estimation of redevelopment probability using panel data

Shimizu, Chihiro; Karato, Koji; Asami, Yasushi - In: Journal of Property Investment & Finance 28 (2010) 4, pp. 285-300

Purpose – When Japan's asset bubble burst, the office vacancy rate soared sharply. This study seeks to target the … office market in Tokyo's 23 special wards during Japan's bubble burst period. It aims to define economic conditions for the …

Persistent link: https://www.econbiz.de/10014898271

Hedging effectiveness of REIT futures

Lin Lee, Chyi; Lee, Ming‐Long - In: Journal of Property Investment & Finance 30 (2012) 3, pp. 257-281

Purpose – The hedging effectiveness of real estate investment trust (REIT) futures as a critical issue in response to the global REIT market has been extremely volatile in recent years, however few studies have been placed on this area. This study aims to fill in this gap and examine the...

Persistent link: https://www.econbiz.de/10014898337