Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2017: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2016: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2015: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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Outline of Final Research Achievements |
In the research plan, "The impact of shareholder perks on the long-term performance of the company”, I revealed that shareholder perks have the effect of distorting stock prices upward due to trading constraints. Regarding “the difference between shareholder perks and other shareholder return means", I made it clear that shareholder perks are not an alternative to dividends. I published three papers and three conference presentations during the research period. Throughout these, I got a little closer to the proposition, "Why does a company choose perks benefits from among a number of shareholder return means?"
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