言語種別 英語 発行・発表の年月 2019/03 形態種別 学術雑誌 査読 査読あり 標題 「Bank-specific Determinants of Capital Structure ： New Evidence from Japan」 執筆形態 共著 掲載誌名 Journal of International Economic Studies(JIES) 掲載区分 国内 巻・号・頁 (33),pp.39-48 著者・共著者 ◎Taku KINAI, Takeshi OSADA 概要 This paper is the first empirical research on the determinants of the capital structure of Japanese banks, using Japanese banks’ financial data for two decades from 2000 to 2017 and adding new evidence to previous literature on the banks’ capital structure. Previous researches show that the determinants of capital structure are different among countries or continents. We show that determinants vary and change in accordance with differences in business models among banks even within one country. By focusing on different business models between four sub-samples, “International banks before the Global Financial Crisis,” “Domestic banks before the GFC,” “International banks after the GFC,” and “Domestic banks after the GFC”, we analyze whether the determinants of capital structure differ among these sub-samples. The results are totally different and we find no determinants which can significantly and commonly explain all four sub-samples. researchmap用URL https://www.hosei.ac.jp/application/files/3815/7119/6895/Economic_Studies33.pdf