2012 Fiscal Year Final Research Report
An Empirical Analysis of the Financing of Eco-Investment
| Project/Area Number |
22530370
|
|---|
| Research Category |
Grant-in-Aid for Scientific Research (C)
|
| Allocation Type | Single-year Grants |
|---|
| Section | 一般 |
|---|
| Research Field |
Business administration
|
|---|
| Research Institution | Tokyo University of Science |
|---|
Principal Investigator |
|
|---|
| Project Period (FY) |
2010 – 2012
|
| Keywords | 企業の社会的責任 / 資本構成 / 研究開発投資 / 企業年金 |
|---|
| Research Abstract |
This project empirically investigates the effect of CSR on corporate investment, capital structure, and the cost of capital, using a sample of publicly traded Japanese firms. I find that firms that engage in CSR activity choose lower debt-equity ratio to avoid financial distress costs associated with stakeholders.
|
