IMF: 「日本企業の現金保有を投資に向けるには、コーポレート・ガバナンス改革へ」

Abstract – ”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 indexes—might be contributing to high cash holdings. Our empirical analysis on a panel of Japanese firms confirms that improving corporate governance would help unlock corporate savings. The main policy implication of our analysis is that comprehensive corporate governance reform should be a key component of Japan’s growth strategy.”

http://www.imf.org/external/pubs/ft/wp/2014/wp14140.pdf

コメントを残す

メールアドレスが公開されることはありません。 * が付いている欄は必須項目です