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ファイル | 記述 | サイズ | フォーマット | |
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ker.88.1.pdf | 798.7 kB | Adobe PDF | 見る/開く |
タイトル: | Outside Directors and CSR in Japan: The Moderating Effect of Director Shareholding and Financial Leverage |
著者: | Toft, Andrea |
キーワード: | CSR Director shareholding Financial leverage Board composition Board independence M14 G30 |
発行日: | Feb-2022 |
出版者: | Graduate School of Economics, Kyoto University |
誌名: | The Kyoto Economic Review |
巻: | 88 |
開始ページ: | 1 |
終了ページ: | 33 |
抄録: | This paper aims to extend earlier research on the relationship between corporate governance and corporate social responsibility (CSR) in the Japanese context. Using a sample of 125 Japanese companies listed on Tokyo Stock Exchange from 2010–2020, this paper investigates how outside directors impact the CSR outcomes of firms, and further how this relation is moderated by director shareholding and financial leverage. The results show that the proportion of outside directors positively affects the CSR outcome of firms, and director shareholding negatively moderates this relationship. Only a weak support is found for the negative moderating effect of financial leverage on the relationship between outside directors and CSR outcomes. |
記述: | This paper is based on my Master's thesis titled "Outside Directors and CSR in Japan: The Moderating Effect of Director Shareholding and Financial Leverage" submitted to the Graduate School of Economics, Kyoto University, in July 2021. The thesis was awarded "Best Dissertation of Graduate School of Economics 2021". |
DOI: | 10.11179/ker.88.1 |
URI: | http://hdl.handle.net/2433/269199 |
出現コレクション: | Vol.88 |
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