The subject of this study focus on the car industry which is becoming an important element for the development of Chinese economy. The realistic comparison is conducted on their various adaptation behaviors to environmental change & management resource, the way of changing former organization...

This paper reviews the asymptotic expansion approach based on Malliavin-Watanabe Calculus in Mathematical Finance. We give the basic formulation of the asymptotic expansion approach and discuss its power and usefulness to solve important problems arised in nance. As illustrations we use three...

The Japanese "main bank system" figures prominently in the recent literature on "relationship banking." By most accounts, the main bank epitomizes relationship finance: traditionally, every large Japanese firm had one, and that bank monitored the firm, participated in its governance, acted as...

In this paper we consider the problem of estimating the regression parameters in a multiple linear regression model when the multicollinearity is present.Under the assumption of normality, we present three empirical Bayes estimators. One of them shrinks the least squares (LS) estimator towards...

We examine the determinants and effects of technology acquisition licensing, using firm-level data between 1957 and 1970. Our results indicate that in technology acquisition licensing, the government screened a firm's application based on (i) the industry that the firm belonged to and (ii) its...

Hofstede's Culture's Consequences (1980) found out four dimensions of culture from the survey of IBM. To inquire into the cultural features of Japanese companies (three leading companies of the computer industry) and 13 subsidiaries of nine countries, we adopted the uncertainty avoidance index...

In a non-cooperative strategic environmental regulation, unilateral regulation may yield the so-called "carbon-leakage" and the government choice over the emission taxes and quotas play an important role. Furthermore, the trade and industrial structure of a country critically hinges on the...

We show that how spatial evolution is different between the two representative models of economic geography: Krugman (1991 JPE) and Ottaviano et al. (2002 IER). We analyze the impacts of falling transport costs on the spatial distribution of economic activities and welfare for three regions...

This paper concerns self-insurance and self-protection that countries may implement at a national level in pursuit of their security. The distinctions self-insurance, self-protection, and market insurance were first made by Ehrlich and Becker (1972). Nevertheless, extension of their models to...

This paper develops a Fourier transform method with an asymptotic expansion approach for option pricing. The method is applied to European currency options with a libor market model of interest rates and jump-diffusion stochastic volatility models of spot exchange rates. In particular, we derive...