Environmental, Social, Governance (ESG), Family Firm Structure and Main Bank Relationship: Evidences from Japan

Research Project

Project/Area Number	24K04937
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Multi-year Fund
Section	一般
Review Section	Basic Section 07060:Money and finance-related
Research Institution	Hitotsubashi University
Principal Investigator	文敏鳴一橋大学, 大学院経営管理研究科, 教授 (30792931)
Project Period (FY)	2024-04-01 – 2027-03-31
Project Status	Granted (Fiscal Year 2024)
Budget Amount *help	¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000) Fiscal Year 2026: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000) Fiscal Year 2025: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000) Fiscal Year 2024: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Keywords	ESG / main bank system
Outline of Research at the Start	This project intends to examine the following research questions: (i)Whether the family firm structure of Japanese corporations can have better ESG performance. (ii) How the unique main-bank relationship observed in Japan’s financial market may have effects on their affiliated firms’ ESG performance? (iii) How the interacted effects from family firm structure and main bank relationship will carry out any effects on firm risk?