共同研究

Richard Smith｜Janet Smith｜Marc Cowling｜Paul Westhead｜William Dimovski｜
Robert Brooks｜Joe Peek｜Pedro Matos｜浜尾 泰｜本庄 裕司｜山田 幸三｜岡村 秀夫｜
國部 克彦｜ 原田 信行

 

Richard Smith

University

Department Head, Finance and Managment Science
Anderson Graduate School of Managment, University of California Riverside

Research Topics

Initial Public Offering; Venture Capital Investment; Underwriter Certification

Publications

  1. Kutsuna, K. and Smith R. Why Does Book Building Drive Out Auction Methods of IPO Issuance? Evidence from Japan. Review of Financial Studies, Vol.17. No.4. 2004, pp.1129-1166.
  2. Kutsuna, K., Smith, J.K. and Smith, R. Banking Relationships and Access to Equity Capital Markets: Evidence from Japan's Main Bank System. Journal of Banking and Finance, Vol.31. No.2. 2007, pp.335-360.
  3. Kerins, F., Kutsuna, K. and Smith, R. Why Are IPOs Underpriced? Evidence from Japan's Hybrid Auction-Method Offerings. Journal of Financial Economics, Vol.85. No.3. 2007, pp.637-666.
  4. Kutsuna, K., Smith, J.K. and Smith, R. Public Information, IPO Price Formation, and Long-run Returns: Japanese Evidence. Journal of Finance, Vol.64. No.1, 2009, pp.505-546.

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Janet Smith

University

Claremont McKenna College

Research Topics

Initial Public Offering; Venture Capital Investment; Underwriter Certification

Publications

  1. Kutsuna, K. and Smith R. Why Does Book Building Drive Out Auction Methods of IPO Issuance? Evidence from Japan. Review of Financial Studies, Vol.17. No.4. 2004, pp.1129-1166.
  2. Kutsuna, K., Smith, J.K. and Smith, R. Banking Relationships and Access to Equity Capital Markets: Evidence from Japan's Main Bank System. Journal of Banking and Finance, Vol.31. No.2. 2007, pp.335-360.
  3. Kerins, F., Kutsuna, K. and Smith, R. Why Are IPOs Underpriced? Evidence from Japan's Hybrid Auction-Method Offerings. Journal of Financial Economics, Vol.85. No.3. 2007, pp.637-666.
  4. Kutsuna, K., Smith, J.K. and Smith, R. Public Information, IPO Price Formation, and Long-run Returns: Japanese Evidence. Journal of Finance, Vol.64. No.1, 2009, pp.505-546.

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Marc Cowling

University

University of Sussex (Institute for Employment Studies)

Research Topics

Small Business Financing; Loan Guarantee Scheme; Corporate Governance

Publications

  1. Kutsuna, K., Cowling, M. and Westhead, P. The Short-Run Performance of JASDAQ Companies and Venture Capital Involvement Before and After Flotation. Venture Capital: An International Journal of Entrepreneurial Finance, Vol.2. No.1, 2000, pp.1-25.
  2. Kutsuna, K., Okamura, H. and Cowling, M. Ownership Structure Pre- and Post-IPOs and the Operating Performance of JASDAQ Companies. Pacific-Basin Finance Journal, Vol.10. No.2. 2002, pp.163-181.
  3. Kutsuna, K.and Cowling, M. Determinants of Small Business Loan Approval: Evidence from Japanese Survey Data. mimeo.

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Paul Westhead

University

Durham Business School

Research Topics

Entrepreneurship; Corporate Governance

Publications

  1. Kutsuna, K., Cowling, M. and Westhead, P. The Short-Run Performance of JASDAQ Companies and Venture Capital Involvement Before and After Flotation. Venture Capital: An International Journal of Entrepreneurial Finance, Vol.2. No.1, 2000, pp.1-25.

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William Dimovski

University

Deakin University (School of Accounting, Economics and Finance)

Research Topics

RIET IPOs

Publications

  1. Kutsuna, K., Dimovski, W. and Brooks, R. The Pricing and Underwriting Costs of Japanese REIT IPOs. Discussion Paper Series (Kobe University), No.37. 2007.
  2. Kutsuna, K., Dimovski, W. and Brooks, R. The Pricing and Underwriting Costs of Japanese REIT IPOs. Journal of Property Research, Vol.25. No.3. 2008, pp.221-239.

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Robert Brooks

University

Monash University (Department of Econometrics and Business Statistics)

Research Topics

RIET IPOs

Publications

  1. Kutsuna, K., Dimovski, W. and Brooks, R. The Pricing and Underwriting Costs of Japanese REIT IPOs. Discussion Paper Series (Kobe University), No.37. 2007.
  2. Kutsuna, K., Dimovski, W. and Brooks, R. The Pricing and Underwriting Costs of Japanese REIT IPOs. Journal of Property Research, Vol.25. No.3. 2008, pp.221-239.

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Joe Peek

University

University of Kentucky (Carol Martin Gatton College of Business and Economics)

Research Topics

Small Business Financing

Publications

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Pedro Matos

University

 University of Southern California (Marshall School of Business)

Research Topics

 Shareholder Activisum

Publications

  1. Hamao, Y., Kutsuna, K. and Matos, P. Foreign Investor Activism in Japan: The First Ten Years. SSRN Discussion Paper, 2010.

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浜尾 泰

University

University of Southern California (Marshall School of Business)

Research Topics

Shareholder Activisum; Small Business Financing

Publications

  1. Hamao, Y., Kutsuna, K. and Matos, P. Foreign Investor Activism in Japan: The First Ten Years. SSRN Discussion Paper, 2010.

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本庄 裕司

University

中央大学商学部

Research Topics

新規開業企業

Publications

  1. 本庄裕司、忽那憲治「我が国スタートアップ企業の経営実態に関する調査」中央大学企業研究所ワーキングペーパー、第８号、2003年２月。
  2. Kutsuna, K. and Honjo, Y. External Equity at Start-up and Post-entry Performance: Evidence from Japan. Discussion Paper Series (Kobe University), No.46. 2005.
  3. Honjo, Y. and Kutsuna, K. An Empirical Analysis of the Initial Public Offering Intention: Evidence from Start-up Firms in Japan.Discussion Paper Series (Chuo University), No.15. 2005.
  4. Kutsuna, K. and Honjo, Y. Start-up Financing Choice and Post-entry Performance. Discussion Paper Series (Kobe University), No.33. 2006.
  5. Honjo, Y. and Kutsuna, K. Initial Public Offering Intention: Evidence from Start-up Firms in Japan. Corporate Ownership and Control, Vol.7. No.4. 2010, pp.127-141.

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山田 幸三

University

上智大学経済学部

Research Topics

ベンチャー企業、中小企業

Publications

  1. Yamada, K., Eshima, Y. and Kutsuna, K. The Role of Government-backed Venture Capital Foundation in Japan. Discussion Paper (The Economic Association of Okayama University) Ⅰ-40, September 2000.
  2. 山田幸三・江島由裕・忽那憲治「創造的中小企業創出支援事業の役割と課題」日本ベンチャー学会誌『Japan Ventures Review』No.2. 2001年8月、pp.17-27.

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岡村 秀夫

University

関西学院大学商学部

Research Topics

新規公開市場

Publications

  1. 忽那憲治、岡村秀夫「新規店頭公開企業の業績パフォーマンスと株式保有構造」『証券アナリストジャーナル』1999年、11月号、pp.60-80.
  2. Kutsuna, K., Okamura, H. and Cowling, M. Ownership Structure Pre- and Post-IPOs and the Operating Performance of JASDAQ Companies. Pacific-Basin Finance Journal, Vol.10. No.2. 2002, pp.163-181.

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國部 克彦

University

神戸大学大学院経営学研究科

Research Topics

ソーシャル・インベストメント

Publications

  1. 國部克彦、忽那憲治「投資尺度と株価と会計の多義的な関係－1980年代後半の日本－」『WorkingPaper Series(大阪市立大学商学部)』No.9301. 1993年9月。
  2. Kokubu, K. and Kutsuna, K. The Ambiguous Relationship among Investment Measures, Stock Prices and Accounting. Working Paper (Osaka City University) No.9303. December 1993.
  3. 國部克彦、忽那憲治「投資尺度と株価と会計の多義的な関係－qレシオをめぐる社会経済的コンテクスト－」『産業経理』第53巻第４号、1994年１月、pp.97-108.
  4. Kokubu, K. and Kutsuna, K. A Socially Constructed Ratio: the q Ratio and its Socio-Economic Context. Discussion Paper (Kobe University) No.9528. September 1995.
  5. 國部克彦、水口剛、忽那憲治「ソーシャル・インベストメントの意義と課題－21世紀へ向けて－」『信託研究奨励金論集』第20号、1999年11月、pp.51-59.

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原田 信行

University

筑波大学大学院システム情報工学研究科

Research Topics

アントレプレナーシップ、ビジネス・エンジェル

Publications

  1. 原田信行、忽那憲治「潜在的ビジネス・エンジェルとしての中小企業経営者」国民生活金融公庫総合研究所『調査季報』2002年11月号（第63号）、pp.1-20.
  2. Kutsuna, K. and Harada, N. Small Business Owner-Managers as Latent Informal Investors in Japan: Evidence from a Country with a Bank-based Financial System.Venture Capital: An International Journal of Entrepreneurial Finance, Vol.6. No.4. 2004, pp.283-311.

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