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Corporate governance and financial activities: Evidence from listed companies in Japan

Research Project

Project/Area Number 24330116
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypePartial Multi-year Fund
Section一般
Research Field Business administration
Research InstitutionHitotsubashi University

Principal Investigator

HACHIYA Toyohiko  一橋大学, 大学院商学研究科, 教授 (00251645)

Co-Investigator(Renkei-kenkyūsha) YAMADA Takashi  名古屋商科大学, 商学部, 教授 (10705958)
Research Collaborator ISHIDA Sohei  一橋大学, 大学院商学研究科, 特別研究員(DC1)
YASUMOTO Masahiko  一橋大学, 大学院商学研究科
TENG Min  Huazhong University of Science and Technology, Department of Finance, Assistant Professor
RAMIREZ Pablo  前東京工業大学, COE研究員
Project Period (FY) 2012-04-01 – 2015-03-31
Project Status Completed (Fiscal Year 2014)
Budget Amount *help
¥17,030,000 (Direct Cost: ¥13,100,000、Indirect Cost: ¥3,930,000)
Fiscal Year 2014: ¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2013: ¥4,810,000 (Direct Cost: ¥3,700,000、Indirect Cost: ¥1,110,000)
Fiscal Year 2012: ¥8,060,000 (Direct Cost: ¥6,200,000、Indirect Cost: ¥1,860,000)
Keywordsコーポレート・ガバナンス / エージェンシー・コスト / 情報の非対称性 / 自己株式の取得 / 配当政策 / 企業の合併・買収 / コスト行動 / コーポレート・ガバナンス / 合併・買収 / 自己株式取得 / 株式所有構造 / 取締役会 / 利益相反行動 / コスト管理 / ガバナンス / 経営者の裁量
Outline of Final Research Achievements

Through most of the post-war period, Japan relied for corporate governance primarily on the main bank system, stable shareholders, long-term employment, and cross-shareholding. Recently Japanese corporate governance practices are in transition. The change of governance practices have the impact on financial activities in Japanese firms. This study sheds light on the change of the relationship between corporate governance and financial activities.

Report

(4 results)
  • 2014 Annual Research Report   Final Research Report ( PDF )
  • 2013 Annual Research Report
  • 2012 Annual Research Report
  • Research Products

    (16 results)

All 2015 2014 2013 2012 Other

All Journal Article (4 results) (of which Peer Reviewed: 4 results) Presentation (10 results) Book (2 results)

  • [Journal Article] 会計保守主義とエージェンシー問題との関係性に関する予備的考察2014

    • Author(s)
      石田惣平
    • Journal Title

      一橋商学論叢

      Volume: 9 Pages: 50-74

    • NAID

      40020341605

    • Related Report
      2014 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Agency Problems and Stock Repurchases: Evidence from Japan2013

    • Author(s)
      Min Teng and Toyohiko Hachiya
    • Journal Title

      Review of Pacific Basin Financial Markets and Policies

      Volume: Vol.16 Issue: 03 Pages: 135-150

    • DOI

      10.1142/s0219091513500161

    • Related Report
      2013 Annual Research Report
    • Peer Reviewed
  • [Journal Article] 多角化企業の投資決定と内部資本市場の効率性2012

    • Author(s)
      山田方敏・蜂谷豊彦
    • Journal Title

      管理会計学

      Volume: 20 Pages: 43-61

    • NAID

      110009445760

    • Related Report
      2012 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Intangible assets and market value of Japanese industries and firms2012

    • Author(s)
      Ramirez, P., and T. Hachiya
    • Journal Title

      International Journal of Technology Management

      Volume: 59 Pages: 1-21

    • Related Report
      2012 Annual Research Report
    • Peer Reviewed
  • [Presentation] 不確実性下のコスト行動と株式リターンへの影響2015

    • Author(s)
      安元雅彦・蜂谷豊彦
    • Organizer
      日本経営財務研究学会東日本部会
    • Place of Presentation
      日本大学
    • Year and Date
      2015-03-14
    • Related Report
      2014 Annual Research Report
  • [Presentation] コーポレート・ガバナンスがコストの下方硬直性に与える影響2014

    • Author(s)
      安元雅彦・蜂谷豊彦
    • Organizer
      日本経営財務研究学会全国大会
    • Place of Presentation
      明治大学
    • Year and Date
      2014-10-05
    • Related Report
      2014 Annual Research Report
  • [Presentation] The Effect of Accounting Conservatism on Corporate Financing Activity :Evidence from Japan2014

    • Author(s)
      石田惣平
    • Organizer
      日本経営財務学会全国大会
    • Place of Presentation
      明治大学
    • Year and Date
      2014-10-04
    • Related Report
      2014 Annual Research Report
  • [Presentation] 財務スラックがコストの下方硬直性に与える影響2014

    • Author(s)
      安元雅彦・蜂谷豊彦
    • Organizer
      日本管理会計学会全国大会
    • Place of Presentation
      青山学院大学
    • Year and Date
      2014-09-12
    • Related Report
      2014 Annual Research Report
  • [Presentation] 会計保守主義は無用の長物か? ―世界金融危機に焦点を当てて―2014

    • Author(s)
      石田惣平
    • Organizer
      日本会計研究学会全国大会
    • Place of Presentation
      横浜国立大学
    • Year and Date
      2014-09-05
    • Related Report
      2014 Annual Research Report
  • [Presentation] The Effect of Accounting Conservatism on Corporate Investment Behavior

    • Author(s)
      石田惣平
    • Organizer
      日本会計研究学会第72回大会
    • Place of Presentation
      中部大学(愛知県)
    • Related Report
      2013 Annual Research Report
  • [Presentation] The Effect of Accounting Conservatism on Corporate Investment Behavior

    • Author(s)
      石田惣平
    • Organizer
      13th Annual Asian Academic Accounting Association Conference
    • Place of Presentation
      Penang(Malaysia)
    • Related Report
      2013 Annual Research Report
  • [Presentation] The Effect of Accounting Conservatism on Corporate Investment Behavior

    • Author(s)
      石田惣平
    • Organizer
      25th Asian- Pacific Conference on International Accounting Issues
    • Place of Presentation
      Bali(Indonesia)
    • Related Report
      2013 Annual Research Report
  • [Presentation] 会計保守主義が企業の資金調達活動に及ぼす影響

    • Author(s)
      石田惣平
    • Organizer
      日本ディスクロージャー研究学会第8回研究大会
    • Place of Presentation
      専修大学(東京都)
    • Related Report
      2013 Annual Research Report
  • [Presentation] The Effect of Accounting Conservatism on Corporate Investment Behavior

    • Author(s)
      石田惣平
    • Organizer
      20th Annual Midyear Meeting and 10th Ph.D./New Faculty Consortium―International Accounting Section of the American Accounting Association
    • Place of Presentation
      Texas(USA)
    • Related Report
      2013 Annual Research Report
  • [Book] International Perspectives on Accounting and Corporate Behavior2014

    • Author(s)
      Ito Kunio and Nakano Makoto
    • Total Pages
      335
    • Publisher
      Springer
    • Related Report
      2014 Annual Research Report
  • [Book] 企業会計研究のダイナミズム2012

    • Author(s)
      伊藤邦雄先生還暦記念論文集編集委員会
    • Total Pages
      462
    • Publisher
      中央経済社
    • Related Report
      2012 Annual Research Report

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Published: 2012-04-24   Modified: 2019-07-29  

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