Many banks went bankrupt during the "Showa financial crisis" and the "Showa depression." Many have argued that the bankruptcies were an important factor in the worsening of the depression. Even during that grim time, however, finance from capital markets increased and, especially, issuance of...

This paper explores the difficulties of corporate disaster risk management by surveying the existing literature in the field. We point out the characteristics of disaster risk, including the low probability of any one disaster occurring, the huge magnitude of losses caused by disasters, and the...

Based on the fact that corporate crime has two types of motives - "corporate interest" and "personal interest" - court decisions often suggest that the type of motive a defendant had may affect sentencing. This paper verifies such an effect on corporate tax evasion cases by utilizing econometric...

In the past twenty years many industrialized nations have initiated various administrative reform strategies to reduce government deficit and to revitalize national economy. Based on the assumption that only economic rationality can improve government services, political leaders immediately...

The purpose of this study is to conduct an international comparison on corporate reforms and its effectiveness leveraged by introducing information technology based on the multinational survey of 18,500 firms (effective response from 1,288 firms) in Japan, United States, Germany, and Korea....

Nowadays, in the developed nations where citizens' needs and perspectives have been diversified, while interactive communications between governments and citizens or among citizens in the process of both making and implementing policies are essential to establish their effectiveness, danger of...

In affluent countries such as U.S., the U.K. as well as Japan, subjective well-being remains unchanged for the past fifty years whereas the per capita GDP has increased several times. The answer to this issue has already discussed in terms of economics. This paper tries to provide more advanced...

It is a main issue of this paper that capital of ICT (Information Communication Technology) in many industries and companies is not clear about whether it affected corporate management. We have been studying on this issue since 1996 and published several papers in some scholarly journals. But it...

This study starts to analyze the comprehensive economic impact and transmission mechanisms of the quantitative monetary easing policy (QMEP) based on Honda et al.[2007]. Analysis using the VAR model has shown the following four observations. First, an increase of base money raises aggregate...

Japan's labor standard law defines weekly legal work hours, and employers must pay a 25- percent wage premium for overtime. The number of legal work hours was 48 in 1987 and gradually declined to 40 by 1997. During the corresponding period, the average weekly hours of work dropped from 45 to 41,...