Research of equity finance in Japan

本文对日本的股权融资进行了实证研究。特别是分析了筹资成本的决定因素，即承销费用、发行价格水平、内部人问题和募集资金的使用。在研究期间，我有4篇参考期刊论文（包括国外期刊），1篇非参考期刊，8篇工作论文，12次会议报告。我的一篇论文还获得了2012年的证券分析师杂志奖。

I empirically examine about the equity finance in Japan. Especially, I analysis about the determinant of fund raising costs, i.e. underwriting fee, the level of offer price, the insider problem around the equity offerings, and the use of proceeds in security offerings. In my research period, I have the 4 refereed journal papers (including the oversea journal), one non-referee journal, 8 paper of working paper, and 12 times presentation of conference. One of my paper also gets the Security Analyst Journal Prize in 2012.