2019 Fiscal Year Final Research Report
The effect of directors and their network on management
Project/Area Number |
16K17188
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Research Category |
Grant-in-Aid for Young Scientists (B)
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Allocation Type | Multi-year Fund |
Research Field |
Management
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Research Institution | Kwansei Gakuin University |
Principal Investigator |
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Project Period (FY) |
2016-04-01 – 2020-03-31
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Keywords | コーポレート・ガバナンス / 議決権行使行動 / 株主総会 / 取締役 |
Outline of Final Research Achievements |
This study clarifies the shareholders voting behaviors and the effect of their voting behavior on firm performance. I also find significant relationship between voting behavior and characteristics of directors using voting records disclosed by institutional investors after revised Japan's stewardship code. In addition, I clarify how the Japan's stewardship code affect the shareholders voting behaviors.
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Free Research Field |
経営学
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Academic Significance and Societal Importance of the Research Achievements |
本研究は、株主属性別の議決権行使行動と議決権行使行動が企業経営に与える影響を明らかにした点に学術的、社会的意義が見いだされる。さらに、ガバナンス改革の一環であるスチュワードシップ・コードが株主の議決権行使行動をどのように変化させたかに関する実証的証拠を提示することによる政策決定者に対する貢献は大きい。
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