| 研究課題/領域番号 |
19K13744
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| 研究機関 | 早稲田大学 |
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研究代表者 |
グエン・ティ・フォン タン 早稲田大学, 商学学術院, 助手 (60791928)
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| 研究期間 (年度) |
2019-04-01 – 2022-03-31
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| キーワード | Foreign director / Firm performance / Corporate governance / Japan |
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| 研究実績の概要 |
This paper examines the effects of foreign directors on firm performance using a panel data of non-financial listed firms in Japan from 2004 to 2015.
We find that the effects of foreign director on firm performance are negative; ROA and Tobin’s Q of firms with foreign directors are lower than firm without.
Market reacts positively to the first introduction of foreign director but not statistically significant. In addition, a firm’s first introduction of foreign director is associated with changes in firms ownership structure or in business strategy in order to expand oversea business and strengthen corporate governance.
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| 現在までの達成度 (区分) |
現在までの達成度 (区分)
2: おおむね順調に進展している
理由
I have finished the draft paper and now prepare to send it to the targeted Journal for review and publishing acceptance.
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| 今後の研究の推進方策 |
First, I am going to send the draft paper to a professional English editing firm for English correction and check.
Then, I am going to send the paper manuscript to the following Journal for reviewing and publishing opportunity: Pacific-Basin Finance Journal.
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| 次年度使用額が生じた理由 |
I plan to use the fund for English editing of the draft paper before submitting it to Journal
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