著者
金子 秀
出版者
埼玉大学経済学会
雑誌
社会科学論集 = SHAKAIKAGAKU-RONSHU (The Social Science Review) (ISSN:05597056)
巻号頁・発行日
vol.140, pp.61-86, 2013

The Japanese government suggests that the health industry is a growing industry.In particular, pharmaceutical and medical equipment industries are significant sectors of the health industry.The author agrees, but can Japanese pharmaceutical companies compete? This paper looks at two companies (Takeda Pharmaceutical Co., Ltd. and Chugai Pharmaceutical Co., Ltd.) and examines their profitability between 2004 and 2011. The paper focuses on management capital which is a value driver of total capital. The findings are as follows.Takeda is based on small molecule drugs which are not related to unmet medical needs. As a result, the Rate of Return on Assets (ROA) for Takeda is in an alarming decline.On the other hand, Chugai is based on big molecule drugs which are related to unmet medical needs. Chugai is under the control of F. Hoffman-La Roche Ltd., and it introduces bio drugs. Therefore, the ROA for Chugai has been constant for 8 years.Why is the Takeda ROA in decline? This paper researches the factor of profitability (profitability analysis).In Takeda, both the ratio of profit to net sales and the rate of management capital turnover are in decline. Takeda has not developed new innovative drugs. In the case of Chugai, not only the ratio of profit to net sales but also the rate of management capital turnover are generally constant because Chugai introduces bio drugs through the Roche group.In the future, the success of the two companies depends on their R&D capability to develop innovative drugs.
著者
牛嶋 俊一郎
出版者
埼玉大学経済学会
雑誌
社会科学論集 = SHAKAIKAGAKU-RONSHU (The Social Science Review) (ISSN:05597056)
巻号頁・発行日
vol.133, pp.89-120, 2011

In Japan, the GDP gap has been estimated by the production function. This approach reveals a long-term trend of Japanese economy, in which the GDP gap fluctuates within a narrow range, and shows the GDP gap does not closely correlate with price development. The aim of this paper is to estimate the GDP gap based on the Okun's law and show that deflation in Japan has a close relation with the GDP gap development in the long stagnation after the asset bubble burst. Unlike existing studies based on the Okun's law, this paper uses potential growth rates, a byproduct of the Okun's law coefficient instead of coefficient itself, to estimate the GDP gap due to the fact that the Okun's law coefficient is not stable over time in Japan and varies according to the estimation period. A new GDP gap estimation tested in this paper clearly shows that the Japanese economy has been suffered from a large GDP gap after the asset bubble burst and deflation is closely related to the GDP gap development.
著者
結城 剛志
出版者
埼玉大学経済学会
雑誌
社会科学論集 = SHAKAIKAGAKU-RONSHU (The Social Science Review) (ISSN:05597056)
巻号頁・発行日
vol.152・153合併号, pp.41-60, 2018

Generally speaking, the Marxist approach cannot explain the modern banking system because of its stand on metallism. We find that this misapprehension occurs not only in Schumpeter’s summarization of monetary doctrines as metallism but also in Marx’s critique of Attwood’s ideal account of money. The former can be rectified easily by analyzing the concept of the commodity, but research on the latter has been limited. In Zur Kritik der politischen Ökonomie(1859), it seems that Marx supports the ‘real’ concept of money or money as metal since he obviously denies the ideal or nominal concept of money. However, this study provides another interpretation―that the notion of ‘ideal’ does not necessarily signify nonvalue nor need it be unrelated to the commodity economy in Marx’s sense ― by reconsidering the historical understanding of the debates regarding the ideal account of money. We focus on two letters from Attwood to the Earl of Liverpool indicating that Attwood’s concept of the ideal has three purposes. The first is to move the monetary system from the gold standard of value to the real value of the pound because economic subjects commonly have fine gold in mind when they present an ideal account of money rather than gold coins circulated as sovereigns. The second is to treat monetary value as inter-temporal because artificial changes in the standard of value can cause confusion in the credit-debt relationship. The third is to raise prices and promote national wealth by extending the Bank Restriction Act because reverting to the gold standard can lead both to depreciating prices and to a shrinking national economy. The result of the examination clarifies the linkage between the value of the ideal account of money and the commodity economy and considers inconsistencies in the concept of value in the two letters.
著者
鈴木 芳治
出版者
埼玉大学経済学会
雑誌
経済科学論究 (ISSN:13493558)
巻号頁・発行日
vol.10, pp.39-51, 2013-04

1.はじめに2.内部統制の概念とその定義の背景3.日本における内部統制の導入(会社財務不正事件を中心に)4.内部統制制度における取締役の役割5.おわりに
著者
LAUNGSUWON Vichaiyut
出版者
埼玉大学経済学会
雑誌
経済科学論究 (ISSN:13493558)
巻号頁・発行日
vol.8, pp.87-104, 2011-04

In this study, we introduce an Error correction model (ECM) to investigate the role of using an exchange rate regime as a shock absorber in the case of terms of trade shock. We investigate this role with various criteria. First, we investigate this role by using different definitions of exchange rate regime classifications, such as De Jure classification and De Facto classification. De Jure classification is referred to as an official exchange rate regime which is used by the International Monetary Fund (IMF), while De Facto classification is the actual performance of each countries exchange rate regime. Furthermore, we check this relationship and consistency by separating samples into three groups using criteria of export commodities, development level, and openness level. As for the purpose of this study, we attempt to measure the ability of different exchange rate regimes to absorb the terms of trade shock on the growth rate of real gross domestic product (GDP) per capita of different exchange rate regimes. Finally, we try to compare the results from different groups of countries.
著者
野村 正實
出版者
埼玉大学経済学会
雑誌
社会科学論集 (ISSN:05597056)
巻号頁・発行日
no.143, pp.1-18, 2014-11

After graduating from the Graduate School of Economics at the University of Tokyo in 1980, KAMII Yoshihiko got tenure as lecturer of labor economics at Saitama University, a national university near Tokyo. He was promoted to associate professor in 1983, and to professor in 1994. He was elected to dean of Faculty of Economics in 2002, serving six years. In 2008 he was elected to President of Saitama University and served six years until March 2014.Judging from his career, his life seems to be a typical academic success story, but in reality, it is a long story of severe setback and dramatic comeback. In this essay I examine what his career means to Japan's labor studies and evaluate his contributions to labor research.
著者
福地 幸文
出版者
埼玉大学経済学会
雑誌
経済科学論究 (ISSN:13493558)
巻号頁・発行日
vol.11, pp.77-91, 2014-04

はじめに1.先行研究の概要2.個人保険需要の計量分析3.個人保険市場の成長要因4.個人保険の需要減少要因おわりに
著者
江崎 康弘
出版者
埼玉大学経済学会
雑誌
社会科学論集 (ISSN:05597056)
巻号頁・発行日
no.142, pp.65-97, 2014-06

This study is reviewing the business strategy of Hitachi which is leveraging its leadership in the packaged-based infrastructure export business in the global railway market. The study is also trying to identify the best way for all Japanese companies seeking success in the field. The advantage for companies in the railway market is that it requires total solutions and thus a comprehensive range of expertise from heavy electrical machinery to parts. However, as far as hardware and software are concerned, only qualified companies can enter the market. Japanese companies already have technological capabilities but still lack sufficient total solution experiences and field records required in the global railway business, including planning, financing, EPC, O&M, and management. For the companies to be successful in the business and to enjoy a global share, they should learn from the European Big 3 and cooperate with global companies to form a team to achieve positive results as a strategic alliance.
著者
田中 恭子
出版者
埼玉大学経済学会
雑誌
社会科学論集 (ISSN:05597056)
巻号頁・発行日
no.140, pp.31-39, 2013-11

さいたま市の見沼田んぼ地域では,公有地化推進事業が実施されている。農地の管理を委託された市民団体が,水田や畑を耕作し,緑地保全のための市民活動が盛んである。本稿では,見沼田んぼの公有地化推進事業の導入に至った歴史的な経緯を考察するとともに,現在の公有地の管理と利用の実態を明らかにする。市民団体などに委託された土地では,市民が共同して無農薬,有機農業を実践し,自然環境保全がはかられている事例を報告する。さらに2012年からは公有地の賃貸制度も導入され,公有地化推進事業に新たな展開も見られていることが注目される。