Hitotsubashi University

Hidden Fiscal Unsustainability: Evidence from Real-Time Data in the Euro Area

Abstract This study examines the implications of data revisions for the assessment of fiscal sustainability in the Euro area. Using vintage datasets from the OECD Economic Outlook , we define ex ante data as the latest available estimates at each point in time and ex post data as...

Beyond “Corporate Venture Capital”: Separating CVC vehicles from direct corporate investing in IPO offer structure

Research often collapses corporate startup investment into a unitary corporate venture capital (CVC) category, even though corporations invest through dedicated CVC vehicles or directly from operating companies. We examine whether this organizational locus is associated with init...

Testing and Quantifying Economic Resilience

ABSTRACT Assessing whether an economy returns to its pre‐crisis growth path is central to the study of economic resilience, yet standard econometric tools are difficult to apply to global crises: they require a cross‐section of unaffected control economies and are vulnerable to b...

Explaining Uneven and Reversible Gender Equality Outcomes: A Relational Open‐Systems Perspective on Gender Diversity and Inclusion in Multinational Corporations

ABSTRACT Multinational corporations (MNCs) increasingly adopt common gender diversity and inclusion (GDI) policies, yet gender equality outcomes continue to diverge across subsidiaries and may stall or reverse as institutional and political conditions change. Existing human resou...

Rapid fluvial response to meter-scale coseismic coastal uplift during the 2024 Noto Peninsula earthquake

Abstract The response of river profiles to relative base-level change is a key topic in earth surface processes, but observations capturing these changes on unconsolidated deposits at a 1–10 years timescales are scarce. We monitored geomorphic changes at the Hakka River mouth aft...

Strategic Divergence Among Sibling Firms: Evidence from Seiko Group in Japan

Although Seiko Epson Corporation (Epson) and Seiko Instruments Inc. (SII) once belonged to the same Seiko group, they followed different growth trajectories as a result of differences in governance structures. Despite sharing a common origin, Epson became independent from the Sei...

Iris colour modulates gaze-mediated attentional orienting in Japanese children

Abstract Human gaze perception is supported by the distinctive morphology of the human eye, yet it remains unclear whether natural variation in iris colour modulates gaze-mediated attentional orienting. We examined this question in two gaze-cueing experiments with Japanese childr...

Implementation and evaluation of geography education using QGIS for Japanese high school students

Abstract. In recent years, demand for geography education using GIS has been growing among junior and senior high school teachers. QGIS has attracted attention because it is freely available and enables advanced spatial visualization and analysis. However, the implementation of Q...

Local Shocks and Regional Dynamics in an Aging Economy

ABSTRACT This paper studies how population aging shapes regional adjustment to local shocks. I develop a dynamic spatial general equilibrium model that incorporates aggregate demographic change, life‐cycle variation in migration and employment choices, and forward‐looking investm...

The Impact of Homeless Encampments on Housing Prices

ABSTRACT A topic of intense and heated discussion in urban America is the impact of homelessness, yet the quantitative evidence is limited. This study examines how proximity to a homeless encampment influences housing prices. Analyzing home sale transaction data in Seattle from 2...