The role of shareholder as governance mechanism and its historical change: Empirical analysis of annual shareholder meeting in Japan

Research Project

Project/Area Number	15H06215
Research Category	Grant-in-Aid for Research Activity Start-up
Allocation Type	Single-year Grants
Research Field	Management
Research Institution	Kyushu University (2016) Hitotsubashi University (2015)
Principal Investigator	Uchida Daisuke 九州大学, 経済学研究院, 講師 (10754806)
Project Period (FY)	2015-08-28 – 2017-03-31
Project Status	Completed (Fiscal Year 2016)
Budget Amount *help	¥2,730,000 (Direct Cost: ¥2,100,000、Indirect Cost: ¥630,000) Fiscal Year 2016: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000) Fiscal Year 2015: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Keywords	コーポレート・ガバナンス / 株主総会 / 日本企業
Outline of Final Research Achievements	The purpose of this research is to clarify how the relation between managers and shareholders in Japan has changed over time. Specifically, this research focuses on annual shareholder meetings of Japanese companies in which managers and shareholders discuss corporate management in person. By constructing panel data of Japanese listed companies from 1984 to 2014 and statistically analyzing the data, this research clarifies how annual shareholder meetings of Japanese companies has changed over time and what factors influence such changes.