An Empirical Analysis of the Financing of Eco-Investment

Research Project

Project/Area Number	22530370
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Single-year Grants
Section	一般
Research Field	Business administration
Research Institution	Tokyo University of Science
Principal Investigator	SASAKI Takafumi 東京理科大学, 経営学部, 准教授 (10453078)
Project Period (FY)	2010 – 2012
Project Status	Completed (Fiscal Year 2012)
Budget Amount *help	¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000) Fiscal Year 2012: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000) Fiscal Year 2011: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000) Fiscal Year 2010: ¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000)
Keywords	企業の社会的責任 / 資本構成 / 研究開発投資 / 企業年金 / 環境経営 / 資本コスト / 企業金融 / 環境 / 経営学 / 金融論 / 環境対応
Research Abstract	This project empirically investigates the effect of CSR on corporate investment, capital structure, and the cost of capital, using a sample of publicly traded Japanese firms. I find that firms that engage in CSR activity choose lower debt-equity ratio to avoid financial distress costs associated with stakeholders.

Report

(4 results)