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Deregulation of Japanese electric power industry began in 1995. After the amendment of Electricity Utility Industry Law in 1995, competition was partially introduced in a generation sector and retail competition started from 2000. Eligibility to choose suppliers was gradually extended from...
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This study compares data envelopment analysis-discriminant analysis (DEA-DA) with Altman's financial ratio analysis to identify the position of DEA-DA in financial performance analysis. Then, this study applies DEA-DA to examine whether Research and Development (R&D) expenditure influences the...
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