| Project/Area Number |
20830052
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| Research Category |
Grant-in-Aid for Young Scientists (Start-up)
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| Allocation Type | Single-year Grants |
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| Research Field |
Business administration
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| Research Institution | Kobe University |
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Principal Investigator |
INOUE Mayumi Kobe University, 経済学部, 助教 (30452486)
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| Project Period (FY) |
2008 – 2009
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| Project Status |
Completed (Fiscal Year 2009)
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| Budget Amount *help |
¥2,054,000 (Direct Cost: ¥1,580,000、Indirect Cost: ¥474,000)
Fiscal Year 2009: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2008: ¥1,144,000 (Direct Cost: ¥880,000、Indirect Cost: ¥264,000)
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| Keywords | 企業統治 / アクティビストファンド / 株主 / パフォーマンス / 事業再生ファンド / 安定株主 |
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| Research Abstract |
Recent years have seen activist investors, who claim to "reform" Japanese firms' management systems and activities by improving corporate governance, enhancing shareholder discipline, and increasing market value.
The shareholder activism has been studied extensively, but there is little agreement as to its systematic effects on the business activities in general. I observed that the Japanese firms' managers didn't feel any positive contribution of the activism to the corporate performance.
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