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patterns for the new defined contribution pension plans currently on offer in Japan. We conclude that SRI funds can be included …
Persistent link: https://www.econbiz.de/10012466925
this line of research to Asia. Japan imposed its system of well-defined property rights in land on some of its Asian … colonies, including Korea, Taiwan and Palau. In 1939 Japan began to survey and register private land in its island colonies, an … land registration obsolete. Third, considering all of Japan's colonies, we use the presence or absence of a land survey as …
Persistent link: https://www.econbiz.de/10012462106
In the late 1990s, several large Japanese banks failed for the first time in its postwar history. As the financial environment was deteriorating further, several remaining banks decided to merge among themselves, presumably, to make their operations more efficient to avoid failures. This paper...
Persistent link: https://www.econbiz.de/10012464129
Moreover, we find that there is no positive impact on target firms' profitability in the case of both within-group in …-in acquisitions, parent firms may be trying to quickly restructure acquired firms even at the cost of deteriorating profitability … acquisition target based on its productivity level, profitability and other characteristics and whether the performance of …
Persistent link: https://www.econbiz.de/10012466243
sales) in Japan and the U.S. Japanese top managers are older and have shorter tenures as top managers than their U … related to stock, sales, and earnings performance in both countries. Turnover in Japan is particularly sensitive to low …
Persistent link: https://www.econbiz.de/10012474914
We explore how changes in ownership and managerial control affect the productivity and profitability of producers … gains in capacity utilization that raised both their productivity and profitability levels, consistent with acquiring owner …
Persistent link: https://www.econbiz.de/10012458762
We study how environmental, social and governance (ESG) investing reshapes information aggregation by prices. We develop a rational expectations equilibrium model in which traditional and green investors are informed about financial and ESG risks but have different preferences over them. Because...
Persistent link: https://www.econbiz.de/10013191008
This study provides an economic analysis of the determinants and consequences of corporate social responsibility (CSR) and sustainability reporting. To frame our analysis, we consider a widespread mandatory adoption of CSR reporting standards in the United States. The study focuses on the...
Persistent link: https://www.econbiz.de/10012480115
We develop theory and a tightly-linked field experiment to explore the supply side implications of corporate social responsibility (CSR). Our natural field experiment, in which we created our own firm and hired actual workers, generates a rich data set on worker behavior and responses to both...
Persistent link: https://www.econbiz.de/10012480166
This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic performance, and environmental innovation. Reducing COD levels by 10% relative to 2005 levels is an aim of the Chinese 11th Five-Year Plan. Using a difference-in-differences...
Persistent link: https://www.econbiz.de/10012480484