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Institutional Investors, Corporate Governance And Firm Performance In Japan

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  • Mitsuru Mizuno

Abstract

Since the beginning of the 2000s, institutional investors in Japan have become active in strengthening corporate governance, with the aim of achieving long-term corporate value. The present paper examines the relationship between institutional investors and corporate governance, and also the relationship between institutional investors' shareholdings and firm performance. The results suggest that corporate governance has been enhanced by institutional investors. However, it is found that there is not a statistically significant difference between institutional investors' shareholdings and firm performance.

Suggested Citation

  • Mitsuru Mizuno, 2010. "Institutional Investors, Corporate Governance And Firm Performance In Japan," Pacific Economic Review, Wiley Blackwell, vol. 15(5), pages 653-665, December.
    • Handle: RePEc:bla:pacecr:v:15:y:2010:i:5:p:653-665
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    File URL: http://hdl.handle.net/10.1111/j.1468-0106.2010.00521.x
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    Cited by:

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    2. Schmid, Stefan & Roedder, Felix, 2021. "Gaijin invasion? A resource dependence perspective on foreign ownership and foreign directors," International Business Review, Elsevier, vol. 30(6).
    3. Motohiro Nakauchi & Margarethe F. Wiersema, 2015. "Executive succession and strategic change in Japan," Strategic Management Journal, Wiley Blackwell, vol. 36(2), pages 298-306, February.
    4. Ann-Kristin Achleitner & Dmitry Bazhutov & André Betzer & Joern Block & Florian Hosseini, 2020. "Foundation ownership and shareholder value: an event study," Review of Managerial Science, Springer, vol. 14(3), pages 459-484, June.
    5. Siala Bouaziz Souha & Jarboui Anis & David McMillan, 2016. "Corporate governance and firm characteristics as explanatory factors of shareholder activism: Validation through the French context," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1150407-115, December.
    6. Zam Zuriyati Mohamad & Hatijah Mohamed Salleh & Nur Diyana Ismail & Ibrahim Tamby Chek, 2014. "Does Quality of Non-Financial Information Disclosure Influence Firms’ Profitability in Malaysia?," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(4), pages 297-306, October.
    7. Jun Xie & Junyi Chen, 2021. "Corporate philanthropy, public awareness, and the cost of equity capital: Evidence from China," Annals of Economics and Finance, Society for AEF, vol. 22(1), pages 153-194, May.
    8. Tahir Ahmad Wani & Arunima Haldar & Irfan Rashid Ganie, 2023. "In What Contexts Institutional Investors Can Be Catalyst? The Moderating Role of Corporate Governance," International Journal of Global Business and Competitiveness, Springer, vol. 18(1), pages 70-79, June.

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