The Employment of Older Workers in Japanese Firms: Empirical Evidence from Micro Data

2008 ◽  
pp. 99-124 ◽  
Author(s):  
Yoshio Higuchi ◽  
Isamu Yamamoto
Keyword(s):  
Empirical Evidence ◽  
Older Workers ◽  
Micro Data ◽  
Japanese Firms

Bank relations, cash holdings, and firm value: evidence from Japan

2005 ◽  
Vol 28 (4) ◽  
pp. 61-73 ◽  
Author(s):  
Qi Luo ◽  
Toyohiko Hachiya
Keyword(s):  
Empirical Evidence ◽  
Firm Value ◽  
Cash Holdings ◽  
Cash Holding ◽  
Agency Conflicts ◽  
Japanese Firms

This paper tests two views of bank’s role for Japanese firms. The views are confronted with the empirical evidence, allowing them to compete to explain firm’s cash holding decisions and the implication of cash holdings on firm value. We find that firms with closer bank relations hold less cash, but some of them are over‐borrowing. Our results show that banks do not monitor their client firms and are unlikely to push the managers of the firms to take efficient actions on maximizing firm value. We discover that cash holdings cause more severe agency conflicts for the firms who have the closer relations with the banks.

scholarly journals Kompetisi dan Inovasi di Indonesia: Bukti Empiris dari Industri Manufaktur

2019 ◽  
Vol 19 (1) ◽  
pp. 1-20
Author(s):  
Mohammad Adhi Rachmaidi ◽  
Andi Fahmi Lubis
Keyword(s):  
Empirical Evidence ◽  
Empirical Relationship ◽  
Micro Data ◽  
Optimal Point ◽  
Almost All

This paper studies empirical relationship between competition and innovation in Indonesia using micro data BPS. Lack of innovation data has requires this paper to use R&D expenditure as innovation in year of data avaibility. Competition is estimated by computing profit elasticity, based on idea of eciency. Inverted-U shape tested with technology spread within industries at which effect of competition and innovation can turn from positive to negative. Empirical evidence shows that relationship between competition and innovation is inverted-U with very low optimal point. This means that very few industries can increase innovation and almost all industries will reduce innovation as competition increases. ============================== Penelitian ini menganalisis hubungan empiris antara kompetisi dan inovasi di Indonesia dengan menggunakan data perusahaan BPS. Keterbatasan data inovasi mengharuskan penggunaan R&D expenditure sebagai inovasi pada tahun tersedianya data. Kompetisi diestimasi dengan menggunakan profit elasticity berdasarkan gagasan efisiensi. Bentuk inverted-U diuji dengan technology spread pada industri dengan efek dari kompetisi dan inovasi dapat berubah dari positif menjadi negatif. Bukti empiris menunjukkan hubungan antara kompetisi dan inovasi merupakan inverted-U dengan titik optimal yang sangat rendah. Ini berarti sangat sedikit industri yang dapat meningkatkan inovasi dan hampir semua industri akan mengurangi inovasi ketika kompetisi meningkat.

Attitudes Toward Older Workers: Empirical Evidence for a Climate Measure

2006 ◽  
Author(s):  
Michael J. Kavanagh ◽  
Brian D. Lyons ◽  
John W. Michel
Keyword(s):  
Empirical Evidence ◽  
Older Workers

Does recycling improve information usefulness of income? The case of Japan

2017 ◽  
Vol 25 (3) ◽  
pp. 376-403
Author(s):  
Frendy ◽  
HU Dan Semba
Keyword(s):  
Empirical Evidence ◽  
Cash Flow ◽  
Predictive Power ◽  
Value Relevance ◽  
Accounting Standards ◽  
Net Income ◽  
Content Type ◽  
Japanese Firms ◽  
Incremental Value ◽  
Operating Cash Flow

Purpose The Accounting Standards Board of Japan (ASBJ) proposed a new set of endorsed International Financial Reporting Standards in June 2015. ASBJ claims that non-recycling of other comprehensive income (OCI) items decreases the information usefulness of earnings in a proposed comprehensive income standard. There has been no existing empirical evidence which supports the ASBJ’s statement and the purpose of the study is to test whether OCI recycling improves information usefulness of net income from six perspectives: relative and incremental value relevance, persistence, variability, operating cash flow and net income predictive power. Design/methodology/approach This paper is an empirical work using a listed Japanese firms sample of 5,385 firm-years from fiscal year 2012-2014. Findings The results challenge the ASBJ’s claim that recycling improves the general information usefulness characteristics of net income. The empirical results show that OCI recycling improves net income’s relative value relevance characteristic of financial firms. However, recycling information by itself does not improve the incremental value relevance, and the predictive power of operating cash flow and net income. The authors also find that the inclusion of recycling decreases the persistence and increases the variability of net income. Research limitations/implications This paper has two research limitations. First, this study is constrained to analyze a limited OCI recycling data that is recently disclosed by listed Japanese firms. Second, the results of this study have limited external validity to capital markets with OCI reclassification standards that deviate from Japanese GAAP. Originality/value This study provides initial empirical evidence that examines information usefulness of OCI recycling in Japan. The findings of this study are relevant for accounting standards setters aiming to increase the information usefulness of earnings for capital market investors.

scholarly journals ¿Incide la forma de tenencia de la vivienda habitual sobre la situación de empleo en España?

2020 ◽  
Vol 30 (2) ◽  
pp. 751
Author(s):  
José E. Rodríguez Hernández ◽  
Javier A. Barrios García
Keyword(s):  
Empirical Evidence ◽  
Employment Status ◽  
Causal Effect ◽  
Household Head ◽  
Housing Tenure ◽  
Tenure Choice ◽  
Micro Data ◽  
Probit Models ◽  
Housing Tenure Choice ◽  
The One

The objective of this study is to provide more empirical evidence on the possible existence in Spain of causal relationships between housing tenure choice (ownership/rental) and the employment status of household head (employed/unemployed), separating this effect from the one generated by other covariates and unobservables which  might affect, as well as from the reverse causal effect that might exist. With this aim, based on micro data from the Survey of Living Conditions for 2010 and the approach of the literature of treatment effects, we estimate switching probit models that relate these variables at the microeconomic level. The results obtained allow us to assert that owning the main residence, whether it is mortgaged or not, increases the probability of employment around 10%.

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