@techreport{oai:kindai.repo.nii.ac.jp:00021416,
 author = {中岡, 孝剛},
 month = {},
 note = {https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-16K17187/, 研究成果の概要（和文）：本研究では，我が国企業の現金保有行動とその経済的な成果を計量経済学，ならびにノンパラメトリックな統計分析を用いて検証した．まず第1に，我が国の上場企業を対象として，モンテカルロシミュレーションによってEarnings at Riskを推定し，仮にそのようなテールリスクが顕在化するならば，どの程度の資本消失を伴うかを検証した．第２に，量的緩和政策に伴う銀行業の現金・預け金（日銀当座預金を含む）が当該業種の生産性変化に及ぼす影響を検証した．その結果，量的緩和政策に伴う現金・預け金の増加は，貸出や有価証券の購入を通じて生産性を向上させるが，その効果は限定的であることは示された．研究成果の概要（英文）：In this study, the cash holding behavior of Japanese companies and their economic outcomes were examined using the econometrics and the non-parametric statistical analysis. First, we estimated the Earnings at Risk by Monte Carlo simulation for listed companies in Japan, and verified how much capital loss would occur if such a tail risk were to emerge. Second, we examined the impact of cash and deposits (including the BOJ current accounts) of the banking industry on the productivity change of the industry due to the quantitative easing policy. As a result, it was shown that the increase in cash and deposits accompanying the quantitative easing policy improves productivity through lending and purchase of securities, but its effect is limited., 研究種目：若手研究(B);  研究期間：2016～2019;   課題番号：16K17187;   研究分野：企業金融;   科研費の分科・細目：, application/pdf},
 title = {現金保有のダイナミズムとキャッシュリッチ企業の投資行動},
 year = {2020},
 yomi = {ナカオカ, タカヨシ}
}