2010 Fiscal Year Final Research Report
Corporate Governance and Business Restructuring
| Project/Area Number |
19730262
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Business administration
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| Research Institution | Chiba University of Commerce |
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Principal Investigator |
AOKI Hidetaka Chiba University of Commerce, 商経学部, 教授 (90318759)
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| Project Period (FY) |
2007 – 2010
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| Keywords | コーポレート・ガバナンス / 事業ポートフォリオ / 多角化 / 選択と集中 / 事業集約化 / 事業ガバナンス |
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| Research Abstract |
This research showed the possibility that corporate governance characteristics such as ownership structure and board structure contributed to increase managerial efficiency by facilitating corporate reforms. More concretely, "outspoken" shareholders such as foreign investors and institutional investors which are considered to increase a pressure for corporate reforms, and board reforms such as introductions of the executive officer system and outside directors which aimed to strengthen decision making and monitoring functions of board of directors, actually promoted businessportfolio restructuring under the buzzword “choose and focus", and strengthened business unit governance.
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