{"_buckets": {"deposit": "96787c66-7970-49d7-86f3-254465b19c1f"}, "_deposit": {"id": "33188", "owners": [], "pid": {"revision_id": 0, "type": "depid", "value": "33188"}, "status": "published"}, "_oai": {"id": "oai:niigata-u.repo.nii.ac.jp:00033188", "sets": ["460", "1870"]}, "item_11_biblio_info_6": {"attribute_name": "書誌情報", "attribute_value_mlt": [{"bibliographicIssueDates": {"bibliographicIssueDate": "2002-03", "bibliographicIssueDateType": "Issued"}, "bibliographicPageEnd": "20", "bibliographicPageStart": "1", "bibliographicVolumeNumber": "35", "bibliographic_titles": [{"bibliographic_title": "Working Papers"}, {"bibliographic_title": "Working Papers", "bibliographic_titleLang": "en"}]}]}, "item_11_description_4": {"attribute_name": "抄録", "attribute_value_mlt": [{"subitem_description": "There is voluminous empirical research on the information content of earnings focused on the U.S. stock market, and there is not so much empirical research focused on the Japanese stock market. We present the liquidation option hypothesis and investigate the earnings response coefficient (ERC) changes according to firm\u0027s default risk in Japan. We measure firm\u0027s default risk using (1) its debt ratio, (2) its index based on eanings power and safety, and (3) positive and/or negative earnings. We find that ERC significantly increases as firm\u0027s default risk decreases in the Japanese stock market, these results are consistent with earlier studies. And we find that in the case of (3) positive and/or negative earnings ERC has significantly negative sign, inconsistent with the U.S. empirical results.", "subitem_description_type": "Abstract"}]}, "item_11_full_name_3": {"attribute_name": "著者別名", "attribute_value_mlt": [{"nameIdentifiers": [{"nameIdentifier": "175734", "nameIdentifierScheme": "WEKO"}], "names": [{"name": "加井, 久雄"}]}]}, "item_11_rights_15": {"attribute_name": "権利", "attribute_value_mlt": [{"subitem_rights": "新潟大学経済学部"}]}, "item_11_select_19": {"attribute_name": "著者版フラグ", "attribute_value_mlt": [{"subitem_select_item": "publisher"}]}, "item_creator": {"attribute_name": "著者", "attribute_type": "creator", "attribute_value_mlt": [{"creatorNames": [{"creatorName": "Kai, Hisao"}], "nameIdentifiers": [{"nameIdentifier": "175733", "nameIdentifierScheme": "WEKO"}]}]}, "item_files": {"attribute_name": "ファイル情報", "attribute_type": "file", "attribute_value_mlt": [{"accessrole": "open_date", "date": [{"dateType": "Available", "dateValue": "2019-09-10"}], "displaytype": "detail", "download_preview_message": "", "file_order": 0, "filename": "9_0003.pdf", "filesize": [{"value": "2.9 MB"}], "format": "application/pdf", "future_date_message": "", "is_thumbnail": false, "licensetype": "license_free", "mimetype": "application/pdf", "size": 2900000.0, "url": {"label": "9_0003.pdf", "url": "https://niigata-u.repo.nii.ac.jp/record/33188/files/9_0003.pdf"}, "version_id": "8a4069d5-6338-40db-81b2-4834da2dd7f4"}]}, "item_keyword": {"attribute_name": "キーワード", "attribute_value_mlt": [{"subitem_subject": "Informativeness of earnings", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Earnings response coefficient", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Earnings-return relation", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Default risk", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Negative earnings", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Losses", "subitem_subject_scheme": "Other"}]}, "item_language": {"attribute_name": "言語", "attribute_value_mlt": [{"subitem_language": "eng"}]}, "item_resource_type": {"attribute_name": "資源タイプ", "attribute_value_mlt": [{"resourcetype": "technical report", "resourceuri": "http://purl.org/coar/resource_type/c_18gh"}]}, "item_title": "Earnings Response Coefficient and Default Risk in Japanese stock market", "item_titles": {"attribute_name": "タイトル", "attribute_value_mlt": [{"subitem_title": "Earnings Response Coefficient and Default Risk in Japanese stock market"}, {"subitem_title": "Earnings Response Coefficient and Default Risk in Japanese stock market", "subitem_title_language": "en"}]}, "item_type_id": "11", "owner": "1", "path": ["460", "1870"], "permalink_uri": "http://hdl.handle.net/10191/594", "pubdate": {"attribute_name": "公開日", "attribute_value": "2007-04-18"}, "publish_date": "2007-04-18", "publish_status": "0", "recid": "33188", "relation": {}, "relation_version_is_last": true, "title": ["Earnings Response Coefficient and Default Risk in Japanese stock market"], "weko_shared_id": null}