{"_buckets": {"deposit": "36f34a98-8823-40d1-a4da-c29c3c2b64d1"}, "_deposit": {"id": "8753", "owners": [], "pid": {"revision_id": 0, "type": "depid", "value": "8753"}, "status": "published"}, "_oai": {"id": "oai:nagoya.repo.nii.ac.jp:00008753"}, "item_9_alternative_title_19": {"attribute_name": "\u305d\u306e\u4ed6\u306e\u8a00\u8a9e\u306e\u30bf\u30a4\u30c8\u30eb", "attribute_value_mlt": [{"subitem_alternative_title": "Do Institutional Investors Discipline Corporate managers in Japan? - Future Prospect of New Style Corporate Governance -"}]}, "item_9_biblio_info_6": {"attribute_name": "\u66f8\u8a8c\u60c5\u5831", "attribute_value_mlt": [{"bibliographicIssueDates": {"bibliographicIssueDate": "2005-09-30", "bibliographicIssueDateType": "Issued"}, "bibliographicIssueNumber": "2", "bibliographicPageEnd": "52", "bibliographicPageStart": "39", "bibliographicVolumeNumber": "53", "bibliographic_titles": [{"bibliographic_title": "\u7d4c\u6e08\u79d1\u5b66"}]}]}, "item_9_description_4": {"attribute_name": "\u6284\u9332", "attribute_value_mlt": [{"subitem_description": "Japan experienced a prolonged banking crisis in the 1990s. In the period after financial deregulation, it is widely recognized that the Main Bank\u2019s influence on their customers weakened and firms lost fear of the disciplinary stick wielded by the Main Bank. This led to overinvestment on part of firms and consequently the event of \u2018burst bubble\u2019 in early 1990s. Alternative corporate governance system such as provided by institutional investors and the associated discipline is desperately needed. In this paper, I attempt to examine the effect of alternative or complementary corporate governance systems in Japan. Using an event study framework, this study examines the impact of shareholder proposals. This study finds that large institutional investor\u2019s shareholder proposals have significant positive impacts, although small investor\u2019s shareholder proposals have no significance. These opposite results suggest that institutional investors have incentives and skills to discipline corporate managers at their cost, while small investors have incentives and skills to discipline corporate managers at their cost, while small investors do not have them because their stakes are relatively smaller. This empirical result is consistent with Shleifer and Vishny(1986)\u2019s model\u2019s implication and institutional investors are expected to actively perform their roles in Japanese corporate governance in future.", "subitem_description_type": "Abstract"}]}, "item_9_identifier_60": {"attribute_name": "URI", "attribute_value_mlt": [{"subitem_identifier_type": "HDL", "subitem_identifier_uri": "http://hdl.handle.net/2237/10504"}]}, "item_9_identifier_registration": {"attribute_name": "ID\u767b\u9332", "attribute_value_mlt": [{"subitem_identifier_reg_text": "10.18999/ecos.53.2.39", "subitem_identifier_reg_type": "JaLC"}]}, "item_9_publisher_32": {"attribute_name": "\u51fa\u7248\u8005", "attribute_value_mlt": [{"subitem_publisher": "\u540d\u53e4\u5c4b\u5927\u5b66\u5927\u5b66\u9662\u7d4c\u6e08\u5b66\u7814\u7a76\u79d1"}]}, "item_9_select_15": {"attribute_name": "\u8457\u8005\u7248\u30d5\u30e9\u30b0", "attribute_value_mlt": [{"subitem_select_item": "publisher"}]}, "item_9_source_id_7": {"attribute_name": "ISSN\uff08print\uff09", "attribute_value_mlt": [{"subitem_source_identifier": "0022-9725", "subitem_source_identifier_type": "ISSN"}]}, "item_9_text_14": {"attribute_name": "\u30d5\u30a9\u30fc\u30de\u30c3\u30c8", "attribute_value_mlt": [{"subitem_text_value": "application/pdf"}]}, "item_creator": {"attribute_name": "\u8457\u8005", "attribute_type": "creator", "attribute_value_mlt": [{"creatorNames": [{"creatorName": "\u6d45\u4e95, \u7fa9\u88d5"}], "nameIdentifiers": [{"nameIdentifier": "24619", "nameIdentifierScheme": "WEKO"}]}, {"creatorNames": [{"creatorName": "ASAI, Yoshihiro"}], "nameIdentifiers": [{"nameIdentifier": "24620", "nameIdentifierScheme": "WEKO"}]}]}, "item_files": {"attribute_name": "\u30d5\u30a1\u30a4\u30eb\u60c5\u5831", "attribute_type": "file", "attribute_value_mlt": [{"accessrole": "open_date", "date": [{"dateType": "Available", "dateValue": "2018-02-19"}], "displaytype": "detail", "download_preview_message": "", "file_order": 0, "filename": "ecos_53_2_39.pdf", "filesize": [{"value": "1.5 MB"}], "format": "application/pdf", "future_date_message": "", "is_thumbnail": false, "licensetype": "license_free", "mimetype": "application/pdf", "size": 1500000.0, "url": {"label": "ecos_53_2_39.pdf", "url": "https://nagoya.repo.nii.ac.jp/record/8753/files/ecos_53_2_39.pdf"}, "version_id": "37de518d-a69f-4631-9164-f5a25591ee2d"}]}, "item_language": {"attribute_name": "\u8a00\u8a9e", "attribute_value_mlt": [{"subitem_language": "jpn"}]}, "item_resource_type": {"attribute_name": "\u8cc7\u6e90\u30bf\u30a4\u30d7", "attribute_value_mlt": [{"resourcetype": "departmental bulletin paper", "resourceuri": "http://purl.org/coar/resource_type/c_6501"}]}, "item_title": "\u308f\u304c\u56fd\u306e\u4f01\u696d\u7d71\u6cbb\u306b\u304a\u3051\u308b\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u5f79\u5272\u3000\uff0d\u65b0\u305f\u306a\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9\u306e\u69cb\u7bc9\u306f\u53ef\u80fd\u306a\u306e\u304b\uff0d", "item_titles": {"attribute_name": "\u30bf\u30a4\u30c8\u30eb", "attribute_value_mlt": [{"subitem_title": "\u308f\u304c\u56fd\u306e\u4f01\u696d\u7d71\u6cbb\u306b\u304a\u3051\u308b\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u5f79\u5272\u3000\uff0d\u65b0\u305f\u306a\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9\u306e\u69cb\u7bc9\u306f\u53ef\u80fd\u306a\u306e\u304b\uff0d"}]}, "item_type_id": "9", "owner": "1", "path": ["659/853/854/1045"], "permalink_uri": "https://doi.org/10.18999/ecos.53.2.39", "pubdate": {"attribute_name": "\u516c\u958b\u65e5", "attribute_value": "2008-09-11"}, "publish_date": "2008-09-11", "publish_status": "0", "recid": "8753", "relation": {}, "relation_version_is_last": true, "title": ["\u308f\u304c\u56fd\u306e\u4f01\u696d\u7d71\u6cbb\u306b\u304a\u3051\u308b\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u5f79\u5272\u3000\uff0d\u65b0\u305f\u306a\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9\u306e\u69cb\u7bc9\u306f\u53ef\u80fd\u306a\u306e\u304b\uff0d"], "weko_shared_id": null}