| Budget Amount *help |
¥3,770,000 (Direct Cost: ¥2,900,000、Indirect Cost: ¥870,000)
Fiscal Year 2015: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2014: ¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000)
Fiscal Year 2013: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
|
|---|
| Outline of Final Research Achievements |
Our survey reveals that Japanese managers tend to view employees as an important stakeholder rather than institutional investors and foreign shareholders. They think that firms can take risky behaviors to the degree that the behaviors do not damage financial soundness and employees' jobs securities.
Our international research suggests that uncertainty avoidance and individualism affect corporate risk-taking behaviors.
We also find that firms with high institutional and foreign ownership tend to follow good governance practices in various dimensions, including stock option adoptions, to meet those shareholders' demands. Accordingly, Japanese stock options do not have strong effects to induce managerial risk taking, differently from US ones.
|
