| Budget Amount *help |
¥14,820,000 (Direct Cost: ¥11,400,000、Indirect Cost: ¥3,420,000)
Fiscal Year 2013: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2012: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2011: ¥12,740,000 (Direct Cost: ¥9,800,000、Indirect Cost: ¥2,940,000)
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| Outline of Final Research Achievements |
(1) We analyze the changes in management strategy and corporate governance of Japanese firms. We found that there are many stable characteristics of Japanese firms: the significant role of workers and customers/suppliers as stakeholders and the reluctance to reduce the number of employees. Japanese firms have become active in restructuring their businesses through M&As and divestitures. (2) By using the firm-level panel data, we present empirical findings on the credit constraints in intangible investments, the relationship between the use of stock options and productivity, the determinants of the size of headquarters and their effect on productivity, and the relationship between service trade and productivity. (3) We present empirical findings about innovative activities in the service sector, the role of patents and trade secrets on innovations, and the determinants of the presence of female and foreign directors among Japanese firms.
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