2012 Fiscal Year Final Research Report
An Empirical Study on the Effect of the Change in Litigation Environment on Firm Value
| Project/Area Number |
22530475
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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 | The University of Tokyo |
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Principal Investigator |
TAKEDA Fumiko 東京大学, 大学院・工学系研究科, 准教授 (70347285)
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| Project Period (FY) |
2010 – 2012
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| Keywords | 会計学 / 経営学 |
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| Research Abstract |
The purpose of this research is to study the effect of the change in Japan’s legal environment on firm value and the market perception of quality of corporate governance. We examine the following three research questions by using the econometric analysis: (1) whether the change in the litigation risk affected the performance of defendant firms; (2) how markets reacted to the change in litigation environment; and (3) how the change in litigation risk affected firm value.
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