scholarly journals Quantitative Easing and Japanese Bank Equity Values

2006 ◽  
Author(s):  
Takeshi Kobayashi ◽  
Mark M. Spiegel ◽  
Nobuyoshi Yamori
Keyword(s):  
Quantitative Easing ◽  
Equity Values ◽  
Bank Equity

scholarly journals Quantitative Easing and Japanese Bank Equity Values

2006 ◽  
pp. 1.000-47.000
Author(s):  
Takeshi Kobayashi ◽  
◽  
Mark M. Spiegel ◽  
Nobuyoshi Yamori ◽  
◽  
...  
Keyword(s):  
Quantitative Easing ◽  
Equity Values ◽  
Bank Equity

scholarly journals Quantitative easing and Japanese bank equity values

2006 ◽  
Vol 20 (4) ◽  
pp. 699-721 ◽  
Author(s):  
Takeshi Kobayashi ◽  
Mark M. Spiegel ◽  
Nobuyoshi Yamori
Keyword(s):  
Quantitative Easing ◽  
Equity Values ◽  
Bank Equity

scholarly journals Bank of Japan Equity Purchases: The (Non-)Effects of Extreme Quantitative Easing*

2020 ◽  
Author(s):  
Ben Charoenwong ◽  
Randall Morck ◽  
Yupana Wiwattanakantang
Keyword(s):  
Central Bank ◽  
Capital Investment ◽  
Quantitative Easing ◽  
Exchange Traded Funds ◽  
Short Term ◽  
Stock Indices ◽  
Bank Of Japan ◽  
Bank Equity ◽  
Equity Index ◽  
Index Exchange

Abstract From January 2011 through March 2018, the Bank of Japan purchased equity index exchange-traded funds (ETFs) worth about 3.5% of GDP. Identification of the effect of central bank ETF purchases on stock valuations and corporate responses is via differently-weighted and changing stock indices. BOJ purchases lift valuations, increase share issuances, and increase total assets. On average, the latter increase is due to cash and short-term securities rather than capital investment. However, firms with worse corporate governance do increase capital investment. These findings suggest central bank equity purchases are a problematic tool for stimulating economic growth through high broad-based private-sector corporate investment.

A New Index of Equity Values

1969 ◽  
Vol 25 (3) ◽  
pp. 101-104
Author(s):  
David C. Elliott
Keyword(s):  
Equity Values
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