Institutional Investors’ Stewardship Activity and Investees' Decision-Making

Research Project

Project/Area Number	25K05424
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Multi-year Fund
Section	一般
Review Section	Basic Section 07100:Accounting-related
Research Institution	Hitotsubashi University
Principal Investigator	Routledge J. 一橋大学, 大学院経営管理研究科, 教授 (50771268)
Project Period (FY)	2025-04-01 – 2028-03-31
Project Status	Granted (Fiscal Year 2025)
Budget Amount *help	¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000) Fiscal Year 2027: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000) Fiscal Year 2026: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000) Fiscal Year 2025: ¥2,470,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥570,000)
Keywords	Institutional Investors / Stewardship Code / Stewardship Activity / Investee Decision-Making
Outline of Research at the Start	The study will explore the Stewardship Code compliance statements of Tokyo Stock Exchange affiliated institutional investors. The aim is to measure the stewardship activity of institutional investors and to investigate how such activity is related to strategic decision-making by investee companies.