Search Results - "Osano, Hiroshi"

Dynamic contract and discretionary termination policy under loss aversion by Hori, Keiichi, Osano, Hiroshi

“…We explore how the timings of compensation payments and contract terminations are jointly determined in a continuous-time principal–agent model under the…”
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Managerial Incentives and the Role of Advisors in the Continuous-Time Agency Model by Hori, Keiichi, Osano, Hiroshi

“…We explore a continuous-time agency model with double moral hazard. Using a venture capitalist (VC)–entrepreneur relationship where the VC both supplies costly…”
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Infrared Reflection−Absorption Study of Carbon Monoxide Adsorption on Fe/Pt(111) Bimetallic Surfaces by Wadayama, Toshimasa, Osano, Hiroshi, Maeyama, Toshiaki, Yoshida, Hirosato, Murakami, Koji, Todoroki, Naoki, Oda, Shogo

“…Infrared reflection−absorption spectroscopy (IRRAS) was used to investigate carbon monoxide (CO) adsorption on sub-monolayer (ML)-thick to 1.0 ML-thick Fe…”
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Information production in start-up firms: SPACs vs. Traditional IPOs by Hori, Keiichi, Osano, Hiroshi

“…We explore equilibrium allocation and efficiency when private firms are listed by merging with a Special Purpose Acquisition Company (SPAC), compared with when…”
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Incentive Transfer Schemes with Marketable and Nonmarketable Public Services by Akai, Nobuo, Mizuno, Keizo, Osano, Hiroshi

“…We examine an incentive transfer scheme in an executive agency system when there are both marketable and nonmarketable public services. We show that because of…”
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Intercorporate shareholdings and corporate control in the Japanese firm by Osano, Hiroshi

“…The purpose of this paper is to specify a formal model that rationalizes the intercorporate shareholdings observed in the Japanese equity market as a mechanism…”
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Credit default swaps and market information by Osano, Hiroshi

“…In this paper, I theoretically explore the effects of the interaction between the information transmission role and the empty creditor problem of credit…”
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Partial Ownership and Strategic Alliances with Reallocation of Corporate Resources by Osano, Hiroshi

“…This paper considers the role of equity transfer to strategic alliance partners in mitigating the moral-hazard problem that occurs if a participating firm…”
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Dynamic Asset Investment Analysis of Japanese Life Insurance Companies Under Regulations by Yuichi Fukuta, Hiroshi Osano

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Investment timing decisions of managers under endogenous contracts by Hori, Keiichi, Osano, Hiroshi

“…This paper considers what kind of managerial compensation contract is optimal for mitigating the moral hazard decision regarding investment timing. We examine…”
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An Evolutionary Model of Corporate Governance and Employment Contracts by Osano, Hiroshi

“…The purpose of this paper is to consider what determines the differences between the combinations of financial and labor systems observed in some large market…”
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Optimal timing of management turnover under agency problems by Hori, Keiichi, Osano, Hiroshi

“…We explore the timing of the replacement of a manager as an important incentive mechanism, using a real options approach in a situation where the timing of the…”
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Stock options and employees' firm-specific human capital under the threat of diverstitures and acquisitions by Osano, Hiroshi

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The new main bank system by Kobayashi, Mami, Osano, Hiroshi

“…► We develop a model of the main bank. ► In this model, the main bank decides whether or not to raise additional funds. ► This possibility happens when nonmain…”
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Nonrecourse financing and securitization by Kobayashi, Mami, Osano, Hiroshi

“…We consider the role of the nonrecourse financing of securitization by a financial institution (FI). Our model suggests that even though the FI has the…”
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Testing between Competing Models of Real Business Cycles by Osano, Hiroshi, Inoue, Tohru

“…This paper tests a real business cycle model with efficient long-term labor contracts (the efficient long-term contract model) against a standard real business…”
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Stock options and employees' firm-specific human capital under the threat of divestitures and acquisitions by Osano, Hiroshi

“…This paper considers whether the first-best level of firm-specific human capital investment is attained by the use of stock option plans for workers and stock…”
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Managerial compensation contract and bank bailout policy by Osano, Hiroshi

“…Under the incomplete contract framework, we consider an optimal regulatory policy for motivating bank equity owners and bank managers to restructure the bad…”
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Double moral hazard and renegotiation by Osano, Hiroshi, Kobayashi, Mami

“…We examine renegotiation in a double moral hazard model with an ex ante budget balancing constraint when both the principal and the agent are allowed to make a…”
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Implicit Contracts in the Japanese Bank Loan Market by Osano, Hiroshi, Tsutsui, Yoshiro

“…The implicit contract theory explored by Azariadis [2] suggests that wage rigidity and underemployment are explained by the microeconomic optimizing behavior…”
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