| Budget Amount *help |
¥3,900,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥600,000)
Fiscal Year 2010: ¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
Fiscal Year 2009: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2008: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2007: ¥1,300,000 (Direct Cost: ¥1,300,000)
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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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