An Empirical Analysis of the Financing of Eco-Investment
| Project/Area Number |
22530370
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Business administration
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| Research Institution | Tokyo University of Science |
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Principal Investigator |
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| Project Period (FY) |
2010 – 2012
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| Project Status |
Completed (Fiscal Year 2012)
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| 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)
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| 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 |
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| 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.
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Report
(4 results)
Research Products
(1 results)
