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This paper represents the first study to examine the relationship between ESG initiatives and firm value for almost all Japanese listed firms. By constructing our unique AI-based ESG (Environmental Social Governance) scores that have higher coverage than existing ESG scores, we score and analyze...
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This paper explores how corporate income tax reform can help Japan increase investment and boost potential growth …. Using international and Japan-specific empirical estimates of corporate tax elasticities, investment is predicted to expand … and 30 percent of the static revenue loss could be recovered in the long run through dynamic scoring, although Japan …
Persistent link: https://www.econbiz.de/10014411442
Japan has the most rapidly aging population in the world. This affects growth and fiscal sustainability, but the …
Persistent link: https://www.econbiz.de/10014411443
Japan’s high corporate savings might be holding back growth. We focus on the causes and consequences of the current … corporate behavior and suggest options for reform. In particular, Japan’s weak corporate governance—as measured by available … comprehensive corporate governance reform should be a key component of Japan’s growth strategy …
Persistent link: https://www.econbiz.de/10014411444
We trace Japanese firms’ behavior over the last decades using aggregate corporate balance sheet data. Financial health of Japanese corporate sector has improved and firms paid back significant amount of debt and rebuilt their liquidity buffers. They also expanded abroad while the pace of...
Persistent link: https://www.econbiz.de/10014411445
materialize, the Bank of Japan (BoJ) should act swiftly through further and/or longer- dated asset purchases. Communication should … continue to be proactive in monitoring these risks. Japan’s external position is assessed as broadly in balance—compared to …
Persistent link: https://www.econbiz.de/10014411458
particularly concerning in Japan, where the success of Abenomics depends on a transition from stimulus-driven to self …
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