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INSTITUTIONAL INVESTORS, CORPORATE GOVERNANCE AND FIRM PERFORMANCE IN JAPAN
Author(s) -
Mizuno Mitsuru
Publication year - 2010
Publication title -
pacific economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.34
H-Index - 33
eISSN - 1468-0106
pISSN - 1361-374X
DOI - 10.1111/j.1468-0106.2010.00521.x
Subject(s) - corporate governance , institutional investor , business , accounting , value (mathematics) , enterprise value , economics , financial system , finance , machine learning , computer science
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.