2022 Fiscal Year Research-status Report
Empirical Research on New Employee Policies and Firm Performance
| Project/Area Number |
22K13508
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| Research Institution | University of Tsukuba |
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Principal Investigator |
顧 俊堅 筑波大学, ビジネスサイエンス系, 助教 (10820433)
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| Project Period (FY) |
2022-04-01 – 2025-03-31
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| Keywords | New employee / Employee policy / firm performance |
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| Outline of Annual Research Achievements |
Motivated by accounting and business literature on the employee, this research project aims to systematically test the effects of new employee policies on firm performance.
Regarding this project, the main achievements in the year 2022 are as follows:
First, one paper related to this project was conducted. In this paper, we investigated whether investors value job information disclosure in Japanese listed firms. We found that firms disclosing more employee welfare policy information had higher abnormal returns around the job information announcement date. Cross-sectional analyses and additional tests suggest that responsible employee investment fosters employee trust and that investors value it in the context of stakeholder capitalism. This paper has been presented at some research workshops. Second, another related paper was accepted and presented at the JAA Annual meeting and TJAR conference (both are reputable accounting conferences in Japan), where we received several insightful comments from the commentators and participants. In this paper, we investigate the impact of heightened gender equality concerns on managers’ disclosure in masculine firms by utilizing the exogenous increase in gender diversity following the Act on the promotion of female participation and career advancement in the workplace.
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| Current Status of Research Progress |
Current Status of Research Progress
2: Research has progressed on the whole more than it was originally planned.
Reason
In the first year of this project, along with the original proposal, two papers were conducted and presented at reputable conferences and several research workshops, which meets the first year’s target of the research proposal.
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| Strategy for Future Research Activity |
Two additional papers are planned and will be submitted to leading conferences, such as the MIT Asia Conference in Accounting and SOAR Accounting Symposium, as well as top-tier accounting journals, including TAR, JAR, JAE, CAR, and RAST. While publication in a leading journal presents a challenge, I am committed to improving the quality of the working papers to increase the likelihood of acceptance.
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| Causes of Carryover |
Due to the pandemic, some business trips were canceled in 2022. To save on expenses, I plan to defer the purchase of supplemental databases and equipment until the next fiscal year (2023).
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