Comparative Study of the Influence of Institutional Investors on Corporate Governance and Corporate Value in Japan and France
| Project/Area Number |
23330131
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| Research Category |
Grant-in-Aid for Scientific Research (B)
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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 | Nihon University |
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Principal Investigator |
MIZUNO MITSURU 日本大学, グローバル・ビジネス研究科, 教授 (40318473)
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| Co-Investigator(Kenkyū-buntansha) |
MIWA Yumiko 明治大学, 商学部, 教授 (10287881)
ORSINI Philippe 日本大学, 大学院・グローバル・ビジネス研究科, 准教授 (70409093)
SHIMIZU Hajime 大阪経済大学, 情報社会科学部, 講師 (50368841)
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| Project Period (FY) |
2011-04-01 – 2014-03-31
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| Project Status |
Completed (Fiscal Year 2013)
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| Budget Amount *help |
¥11,960,000 (Direct Cost: ¥9,200,000、Indirect Cost: ¥2,760,000)
Fiscal Year 2013: ¥3,900,000 (Direct Cost: ¥3,000,000、Indirect Cost: ¥900,000)
Fiscal Year 2012: ¥5,850,000 (Direct Cost: ¥4,500,000、Indirect Cost: ¥1,350,000)
Fiscal Year 2011: ¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000)
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| Keywords | コーポレート・ガバナンス / 機関投資家 / 企業価値 / フランスのコーポレート・ガバナンス / 日本のコーポレート・ガバナンス |
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| Research Abstract |
The objective of this paper is to examine the influence of institutional investors on corporate governance and the relationship between institutional investors and corporate value in Japan and France. The results suggest that corporate governance was enhanced by institutional investors in both countries. It was also found that institutional investors select investee firms based on ROE and endeavor to improve the corporate value through monitoring in both countries. However, they have to find an effective engagement method of each investee firm by grasping the actual condition of it with a view to enhancing corporate value, since each firm has a different management strategy and operational style.
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Report
(4 results)
Research Products
(40 results)
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[Journal Article] 経営者の年齢はなぜ重要か？2012
Author(s)
清水一
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Journal Title
日本経営財務学会予稿集http://www.b.kobe-u.ac.jp/~keieizaimu/uploads/files/zenkokutaikai/36/713a.pdf
Volume: 1
Pages: 1-13
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