| Budget Amount *help |
¥14,170,000 (Direct Cost: ¥10,900,000、Indirect Cost: ¥3,270,000)
Fiscal Year 2019: ¥4,810,000 (Direct Cost: ¥3,700,000、Indirect Cost: ¥1,110,000)
Fiscal Year 2018: ¥4,810,000 (Direct Cost: ¥3,700,000、Indirect Cost: ¥1,110,000)
Fiscal Year 2017: ¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
|
|---|
| Outline of Final Research Achievements |
Japanese corporate governance systems are regarded as bank-centered system which is different from market-based systems such as the U.S. and U.K. We analyzed the effects of the banking system on mitigating information asymmetry in securities markets, accounting conservatism, and discretionary earrings management. In recent years, corporate governance reforms such as the introduction of the stewardship code and independent directors are advancing in response to the overseas expansion of companies and the increase of foreign shareholders. This research project analyses the effect of foreign investors and institutional investors on corporate performance.
|
