{"id":"https://openalex.org/W136337954","doi":null,"title":"Seeing Through News concerning Unfunded Pension Benefit Obligation Write-Off Policies in Japan : Market Reaction to News on Newspaper","display_name":"Seeing Through News concerning Unfunded Pension Benefit Obligation Write-Off Policies in Japan : Market Reaction to News on Newspaper","publication_year":2010,"publication_date":"2010-08-01","ids":{"openalex":"https://openalex.org/W136337954","mag":"136337954"},"language":"en","primary_location":{"id":"pmh:oai:irdb.nii.ac.jp:01221:0000105154","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/2433/141776","pdf_url":null,"source":{"id":"https://openalex.org/S7407056385","display_name":"Institutional Repositories DataBase (IRDB)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I184597095","host_organization_name":"National Institute of Informatics","host_organization_lineage":["https://openalex.org/I184597095"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"\u4eac\u90fd\u5927\u5b66\u5927\u5b66\u9662\u7d4c\u6e08\u5b66\u7814\u7a76\u79d1Working Paper","raw_type":"research report"},"volume":null,"type":"report","is_traditional":false,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/2433/141776","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5003980602","display_name":"Yoshihiro Tokuga","orcid":"https://orcid.org/0009-0006-9913-0340","observed_orcids":["https://orcid.org/0009-0006-9913-0340"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Yoshihiro Tokuga","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5112355030","display_name":"Jong\u2010Seo Choi","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jong\u2010Seo Choi","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5085393556","display_name":"Toshitake Miyauchi","orcid":"https://orcid.org/0000-0001-6413-5738","observed_orcids":["https://orcid.org/0000-0001-6413-5738"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Toshitake Miyauchi","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":"119","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9721999764442444,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9721999764442444,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13366","display_name":"Accounting Theory and Financial Reporting","score":0.015399999916553497,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0035000001080334187,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/stock-market-reaction","display_name":"stock market reaction","score":0.6370000243186951},{"id":"https://openalex.org/keywords/accounting-standards-transition","display_name":"accounting standards transition","score":0.8479999899864197},{"id":"https://openalex.org/keywords/japanese-firms","display_name":"Japanese companies","score":0.5770000219345093},{"id":"https://openalex.org/keywords/investor-expectations","display_name":"investor expectations","score":0.6140000224113464}],"concepts":[{"id":"https://openalex.org/C201280247","wikidata":"https://www.wikidata.org/wiki/Q11032","display_name":"Newspaper","level":2,"score":0.6975125074386597},{"id":"https://openalex.org/C2780899237","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension","level":2,"score":0.6722148656845093},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.6412574052810669},{"id":"https://openalex.org/C2778447849","wikidata":"https://www.wikidata.org/wiki/Q2648051","display_name":"Obligation","level":2,"score":0.5696576833724976},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.4411192536354065},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.43493562936782837},{"id":"https://openalex.org/C145197507","wikidata":"https://www.wikidata.org/wiki/Q16963482","display_name":"Endowment","level":2,"score":0.4273502826690674},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.40971845388412476},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3599011301994324},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.30671077966690063},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.23996612429618835},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.13203805685043335},{"id":"https://openalex.org/C112698675","wikidata":"https://www.wikidata.org/wiki/Q37038","display_name":"Advertising","level":1,"score":0.12836936116218567},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:irdb.nii.ac.jp:01221:0000105154","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/2433/141776","pdf_url":null,"source":{"id":"https://openalex.org/S7407056385","display_name":"Institutional Repositories DataBase (IRDB)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I184597095","host_organization_name":"National Institute of Informatics","host_organization_lineage":["https://openalex.org/I184597095"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"\u4eac\u90fd\u5927\u5b66\u5927\u5b66\u9662\u7d4c\u6e08\u5b66\u7814\u7a76\u79d1Working Paper","raw_type":"research report"},{"id":"pmh:oai:repository.kulib.kyoto-u.ac.jp:2433/141776","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/2433/141776","pdf_url":null,"source":{"id":"https://openalex.org/S4306401454","display_name":"Kyoto University Research Information Repository (Kyoto University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I22299242","host_organization_name":"Kyoto University","host_organization_lineage":["https://openalex.org/I22299242"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Research Paper"},{"id":"mag:136337954","doi":null,"is_oa":false,"landing_page_url":"http://repository.kulib.kyoto-u.ac.jp/dspace/bitstream/2433/141776/1/119.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:irdb.nii.ac.jp:01221:0000105154","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/2433/141776","pdf_url":null,"source":{"id":"https://openalex.org/S7407056385","display_name":"Institutional Repositories DataBase (IRDB)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I184597095","host_organization_name":"National Institute of Informatics","host_organization_lineage":["https://openalex.org/I184597095"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"\u4eac\u90fd\u5927\u5b66\u5927\u5b66\u9662\u7d4c\u6e08\u5b66\u7814\u7a76\u79d1Working Paper","raw_type":"research report"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":6,"referenced_works":["https://openalex.org/W34468865","https://openalex.org/W2115747715","https://openalex.org/W2147904636","https://openalex.org/W2156109180","https://openalex.org/W2568684414","https://openalex.org/W3139198240"],"related_works":["https://openalex.org/W2147904636","https://openalex.org/W7098940902","https://openalex.org/W15592696","https://openalex.org/W1558063454","https://openalex.org/W2049783040","https://openalex.org/W2110165837","https://openalex.org/W2081569928","https://openalex.org/W3123985043","https://openalex.org/W2386515281","https://openalex.org/W7018342476"],"abstract_inverted_index":{"This":[0,64],"paper":[1],"focuses":[2],"on":[3,40,133],"the":[4,8,20,31,56,61,105,120,123,140,151,159,163,168,180,196,203,217,226],"information":[5,49,74,145],"content":[6],"of":[7,11,24,33,36,58,78,104,119,122,125,153,170,176,208],"periodic":[9],"allocation":[10],"expense":[12],"by":[13,67,87],"managers.":[14],"In":[15,162,179],"this":[16],"paper,":[17],"we":[18,166,183,221],"analyzed":[19],"direction":[21],"and":[22,84,89,173,211],"magnitude":[23],"stock":[25,134],"price":[26],"changes":[27,55],"in":[28,195,202,216,225],"response":[29],"to":[30,73,102],"disclosure":[32],"write-off":[34,51,76,91,98,131,142,177],"policies":[35,52,77,99,143],"424":[37],"Japanese":[38],"companies":[39,108,113],"two":[41,106],"newspapers.":[42],"We":[43],"obtained":[44],"some":[45],"empirical":[46],"evidence":[47],"that":[48,94,139,146],"concerning":[50,70],"confirms":[53],"or":[54,112,149],"expectation":[57],"investors":[59,154],"about":[60,75],"target":[62,160],"companies.":[63,161],"was":[65],"achieved":[66],"our":[68,209],"examination":[69,210],"market":[71],"reactions":[72],"unfunded":[79,126],"pension":[80,127],"benefit":[81,128],"obligations;":[82],"good":[83,110],"bad":[85],"performances":[86],"short":[88],"long":[90],"periods.":[92],"Companies":[93],"had":[95,155],"disclosed":[96,141],"their":[97,212],"were":[100],"assigned":[101],"one":[103],"categories:":[107],"with":[109,114],"performance":[111],"poor":[115],"performance.":[116],"Our":[117],"observation":[118],"effect":[121],"length":[124],"obligation":[129],"(UPBO)":[130],"periods":[132],"prices":[135],"made":[136],"it":[137],"clear":[138],"contained":[144],"either":[147],"confirmed":[148],"caused":[150],"revision":[152],"formed":[156],"opinions":[157],"regarding":[158],"first":[164],"section,":[165,182],"explain":[167],"change":[169],"accounting":[171],"standards":[172],"consequent":[174],"burden":[175],"expense.":[178],"second":[181],"review":[184],"previous":[185],"research.":[186],"The":[187,206],"hypothesis":[188],"which":[189],"will":[190],"be":[191],"verified":[192],"is":[193,201],"offered":[194],"third":[197],"while":[198],"research":[199],"design":[200],"forth":[204],"section.":[205,219,228],"results":[207],"implications":[213],"are":[214],"given":[215],"fifth":[218],"Lastly,":[220],"make":[222],"concluding":[223],"remarks":[224],"sixth":[227]},"counts_by_year":[],"updated_date":"2026-09-21T07:43:02.447757","created_date":"2016-06-24T00:00:00"}
