Zobrazeno 1 - 10
of 42
pro vyhledávání: '"Takato Hiraki"'
Autor:
Takato Hiraki, Akitoshi Ito
Publikováno v:
Pacific-Basin Finance Journal. 78:101977
Autor:
Ming Liu, Takato Hiraki
Publikováno v:
Journal of Behavioral and Experimental Finance. 31:100508
We study a sample of U.S. global equity mutual funds that invest in markets around the world. While the existing literature shows significant home bias among investors, we find that U.S. global funds on average do not exhibit home bias but with cross
Publikováno v:
Journal of Economics and Business. 116:106005
We investigate how universal banking groups utilized information advantage at the initial public offerings (IPOs) in Japan over the period 2002-2012. We focus on the IPO issues of universal bank clients allocated by underwriters from the issuers’ m
Publikováno v:
SSRN Electronic Journal.
We examine whether financial conglomeration enhances efficiency of capital allocation or conflicts of interest, focusing on pricing and allocation of IPO stocks in Japan. Regarding underwriting of IPO stocks, our results are consistent with the bank
Publikováno v:
Journal of Banking & Finance. 59:297-310
We examine the relation between country and industry portfolio concentration and performance using a data set of international equity mutual funds. When sorted by concentration measures, funds in the most concentrated quintile outperform those in the
Publikováno v:
立教ビジネスレビュー = Rikkyo business review. 4:2-12
Publikováno v:
Journal of Financial and Quantitative Analysis. 44:1489-1514
We test the luxury consumption hypothesis of Ait-Sahalia, Parker, and Yogo (2004), using a unique international art price, import/export flow, and stock market data set. We find that the demand for art by Japanese collectors is positively correlated
Autor:
Takato Hiraki, Akitoshi Ito
Publikováno v:
Pacific-Basin Finance Journal. 17(1):100-124
We examine how keiretsu-related institutional investors behave in the Japanese stock market relative to other investor categories for the period from 1985-1998. Based on the agency problem hypothesis for the general bias of institutional investors an
Publikováno v:
Asia-Pacific Financial Markets. 10:281-300
We examine how foreign and domestic portfolio investors, both classified into money managers, invest in Japanese firms over the sample period of 1985–1998. We propose the agency-familiarity hypothesis to explain investment behavior of these institu
Publikováno v:
Pacific-Basin Finance Journal. 11:393-412
Foreign investment management firms have recently started to play a major role in the investment trust business in Japan. In terms of assets under management, their size and market share have almost doubled in the past several years. In part, the rel