{"created":"2023-05-15T09:30:29.463432+00:00","id":1530,"links":{},"metadata":{"_buckets":{"deposit":"ded5f701-bc29-4f1d-bb1f-49573dad6705"},"_deposit":{"created_by":3,"id":"1530","owners":[3],"pid":{"revision_id":0,"type":"depid","value":"1530"},"status":"published"},"_oai":{"id":"oai:icu.repo.nii.ac.jp:00001530","sets":["12:26:19:252"]},"author_link":["2700","4141","5748"],"item_1_alternative_title_5":{"attribute_name":"論文名よみ","attribute_value_mlt":[{"subitem_alternative_title":"シキンチョウタツカツドウニカンスルジョウホウニタイスルカブカハンノウノニチベイヒカク"}]},"item_1_biblio_info_14":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2011-09-30","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"72","bibliographicPageEnd":"203","bibliographicPageStart":"185","bibliographic_titles":[{"bibliographic_title":"国際基督教大学学報. II-B, 社会科学ジャーナル"},{"bibliographic_title":"The Journal of Social Science","bibliographic_titleLang":"en"}]}]},"item_1_creator_6":{"attribute_name":"著者名(日)","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"西村, 真紀子"}],"nameIdentifiers":[{"nameIdentifier":"2700","nameIdentifierScheme":"WEKO"}]}]},"item_1_creator_7":{"attribute_name":"著者名よみ","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"ニシムラ, マキコ"}],"nameIdentifiers":[{"nameIdentifier":"4141","nameIdentifierScheme":"WEKO"}]}]},"item_1_creator_8":{"attribute_name":"著者名(英)","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"Nishimura, Makiko","creatorNameLang":"en"}],"nameIdentifiers":[{"nameIdentifier":"5748","nameIdentifierScheme":"WEKO"}]}]},"item_1_description_1":{"attribute_name":"ページ属性","attribute_value_mlt":[{"subitem_description":"P(論文)","subitem_description_type":"Other"}]},"item_1_description_12":{"attribute_name":"抄録(英)","attribute_value_mlt":[{"subitem_description":"This paper surveys how studies have been undertaken both in Japan and in the US on the influences of the corporate activities of raising funds on the stock market. And this paper aims at indicating the guideline for long term research in Japan relating to the influence of fund raising activities on stock prices.\nLots of researches have been undertaken on relevance of financial information to stock pricing both domestically and internationally. Statistic significance of correlation between accounting figure and stock price has been tested empirically, the relevance of financial information has been clarified. This study focuses on the relevance of cash flow information among many kind of financial statement, and it overviews the preceding research on the relationship between stock prices and financial information particularly from the standpoint of the fund raising activities. And it also outlines some research on the reaction of stock prices to corporate activities of raising fund. Doing so, we can highlight\nhow the raising fund activities influence on stock prices. Moreover, it is interesting that the different results have been shown between in Japan and in the US on the influence of the fund raising activities on stock prices as follow:\nAs for in Japan, the corporate activities of fund raising activities are basically received as good news by participants in the stock market, therefore, it is clarified that the positive correlation exists between fund raising activities\nand stock prices. By some research on stock pricing process before and after disclosure of information on raising fund, the results are shown that the stock price of the corporation which announces issuing convertible bonds or additional shares rises in some degree (that is, stock return occurs).\nOn the other hand, as for in the US, longer term studied are prevalent, and the negative correlation is clarified between fund raising activities and stock prices.\nMany researches observe the stock pricing process of the corporations which raise funds by means of such as convertible bonds, private loan, public loan, and issuing additional shares for long term basis from one year to five, and they conclude that the stock prices of the corporations raising funds tend to fall in some degree, and the falling trend continues not for temporary but for long term.\nHowever, almost all of research in Japan adopt relatively short target research period, and long term research can not be seen. Although participants of the stock market regard the corporate fund raising activities as good news, considering the fact that the adding some new shares reduces earnings per share, which have negative effects to stock prices, some research conclude that the longer term research should be attempted.\nMoreover, introducing cash flow statement into Japan enables us to undertaken research as the same methods as in the US, therefore, it also enables us to compare the reactions of stock prices to fund raising activities between in Japan and in the US in more detail, by having accomplished research in the US way in Japan.","subitem_description_type":"Other"}]},"item_1_identifier_registration":{"attribute_name":"ID登録","attribute_value_mlt":[{"subitem_identifier_reg_text":"10.34577/00001516","subitem_identifier_reg_type":"JaLC"}]},"item_1_source_id_13":{"attribute_name":"雑誌書誌ID","attribute_value_mlt":[{"subitem_source_identifier":"AN00088847","subitem_source_identifier_type":"NCID"}]},"item_1_text_2":{"attribute_name":"記事種別(日)","attribute_value_mlt":[{"subitem_text_value":"研究ノート"}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2014-12-05"}],"displaytype":"detail","filename":"No72RN_Nisimura.pdf","filesize":[{"value":"502.6 kB"}],"format":"application/pdf","licensetype":"license_11","mimetype":"application/pdf","url":{"label":"資金調達活動に関する情報に対する株価反応の日米比較","url":"https://icu.repo.nii.ac.jp/record/1530/files/No72RN_Nisimura.pdf"},"version_id":"1acdd1ee-dd2d-4679-a6ae-90476044bad9"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"jpn"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"departmental bulletin paper","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_title":"資金調達活動に関する情報に対する株価反応の日米比較","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"資金調達活動に関する情報に対する株価反応の日米比較"},{"subitem_title":"Comparison between Japan and the US on the Reaction of Stock Prices to Information Relating to the Corporate Activities of Raising Funds","subitem_title_language":"en"}]},"item_type_id":"1","owner":"3","path":["252"],"pubdate":{"attribute_name":"公開日","attribute_value":"2011-09-30"},"publish_date":"2011-09-30","publish_status":"0","recid":"1530","relation_version_is_last":true,"title":["資金調達活動に関する情報に対する株価反応の日米比較"],"weko_creator_id":"3","weko_shared_id":3},"updated":"2023-09-25T06:32:23.134236+00:00"}