{"created":"2021-03-01T06:15:28.915979+00:00","id":8753,"links":{},"metadata":{"_buckets":{"deposit":"36f34a98-8823-40d1-a4da-c29c3c2b64d1"},"_deposit":{"created_by":17,"id":"8753","owners":[17],"pid":{"revision_id":0,"type":"depid","value":"8753"},"status":"published"},"_oai":{"id":"oai:nagoya.repo.nii.ac.jp:00008753","sets":["659:853:854:1045"]},"author_link":["24619","24620"],"item_1615768549627":{"attribute_name":"出版タイプ","attribute_value_mlt":[{"subitem_version_resource":"http://purl.org/coar/version/c_970fb48d4fbd8a85","subitem_version_type":"VoR"}]},"item_9_alternative_title_19":{"attribute_name":"その他のタイトル","attribute_value_mlt":[{"subitem_alternative_title":"Do Institutional Investors Discipline Corporate managers in Japan? - Future Prospect of New Style Corporate Governance -","subitem_alternative_title_language":"en"}]},"item_9_biblio_info_6":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2005-09-30","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"2","bibliographicPageEnd":"52","bibliographicPageStart":"39","bibliographicVolumeNumber":"53","bibliographic_titles":[{"bibliographic_title":"経済科学","bibliographic_titleLang":"ja"}]}]},"item_9_description_4":{"attribute_name":"抄録","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’s 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 ‘burst bubble’ 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’s shareholder proposals have significant positive impacts, although small investor’s 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)’s model’s implication and institutional investors are expected to actively perform their roles in Japanese corporate governance in future.","subitem_description_language":"en","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登録","attribute_value_mlt":[{"subitem_identifier_reg_text":"10.18999/ecos.53.2.39","subitem_identifier_reg_type":"JaLC"}]},"item_9_publisher_32":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"名古屋大学大学院経済学研究科","subitem_publisher_language":"ja"}]},"item_9_select_15":{"attribute_name":"著者版フラグ","attribute_value_mlt":[{"subitem_select_item":"publisher"}]},"item_9_source_id_7":{"attribute_name":"ISSN（print）","attribute_value_mlt":[{"subitem_source_identifier":"0022-9725","subitem_source_identifier_type":"PISSN"}]},"item_9_text_14":{"attribute_name":"フォーマット","attribute_value_mlt":[{"subitem_text_value":"application/pdf"}]},"item_access_right":{"attribute_name":"アクセス権","attribute_value_mlt":[{"subitem_access_right":"open access","subitem_access_right_uri":"http://purl.org/coar/access_right/c_abf2"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"浅井, 義裕","creatorNameLang":"ja"}],"nameIdentifiers":[{"nameIdentifier":"24619","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"ASAI, Yoshihiro","creatorNameLang":"en"}],"nameIdentifiers":[{"nameIdentifier":"24620","nameIdentifierScheme":"WEKO"}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2018-02-19"}],"displaytype":"detail","filename":"ecos_53_2_39.pdf","filesize":[{"value":"1.5 MB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"ecos_53_2_39.pdf","objectType":"fulltext","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":"言語","attribute_value_mlt":[{"subitem_language":"jpn"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"departmental bulletin paper","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_title":"わが国の企業統治における機関投資家の役割　－新たなコーポレートガバナンスの構築は可能なのか－","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"わが国の企業統治における機関投資家の役割　－新たなコーポレートガバナンスの構築は可能なのか－","subitem_title_language":"ja"}]},"item_type_id":"9","owner":"17","path":["1045"],"pubdate":{"attribute_name":"PubDate","attribute_value":"2008-09-11"},"publish_date":"2008-09-11","publish_status":"0","recid":"8753","relation_version_is_last":true,"title":["わが国の企業統治における機関投資家の役割　－新たなコーポレートガバナンスの構築は可能なのか－"],"weko_creator_id":"17","weko_shared_id":-1},"updated":"2023-11-13T02:19:33.428657+00:00"}