Foreign Capital Market Exposure and Information Disclosure Impacts on Strategic Investments and Performance of Japanese Firms

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概要

• 論文の詳細を見る

• We examine whether Japanese firms exposed to capital markets and pressured to reveal company information will adopt high risk/return investment strategies. The results demonstrate that they have higher capitalization ratios, R&D spending, and earnings. Effectively, accountability to shareholder value increases as governance structure shifts from bank monitoring to the capital markets.

• 日本大学の論文
• 1998-03-20

著者

• 好川 透

  日本大学商学部

• Phan Phillip

  Schulich School of Business, York University

• Phan Phillip

  Schulich School Of Business York University

関連論文

• 日本企業のインベスター・リレーションズ活動 : 所有構造と資金調達経路の影響
• Foreign Capital Market Exposure and Information Disclosure Impacts on Strategic Investments and Performance of Japanese Firms

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