2010 Fiscal Year Final Research Report
An analysis of profitability of stock portfolios based on environmental accounting information
| Project/Area Number |
20530410
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Kagawa University |
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Principal Investigator |
PARK Eunjee Kagawa University, 経済学部, 准教授 (00345860)
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| Project Period (FY) |
2008 – 2010
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| Keywords | 環境会計 / 環境投資 / 環境コスト / 経営戦略 / 株式リターン |
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| Research Abstract |
In the study, I attempt to analyze how investors depend their investment decisions on the environmental cost information disclosed by Japanese corporations and how such decisions affect the stock returns of these corporations. The result clearly shows that the expense of environmental costs is evaluated by investors and hence there are economic incentives for Japanese corporations to be involved in environmental preservation activity.
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