Waseda Organizational and Financial Economics Seminar:
“Effects of Foreign directors on Firm performance. Empirical research in Japan” (January 29)
講演者 / Speaker
NGUYEN THI PHUONG, Thanh（Research Associate, Faculty of Commerce, Waseda University）
“Effects of Foreign directors on Firm performance. Empirical research in Japan”
日 時 / Date & Time
Monday, 29 January 2018, 13:00 – 14:30
会 場 / Venue
Rm. 1111 on the 11th floor, Building #11, Waseda University
主 旨 / Outline
“Effects of Foreign directors on Firm performance. Empirical research in Japan”
This research studies the effect of foreign directorship on Japanese firm performance, focusing on first-time introduction of foreign directors to boards. Using a panel data of non-financial listed Japanese firms from 2004 to 2015, we document that firms having foreign director on board are of larger size, larger foreign sales, higher foreign ownership, higher R&D investment than firms without. Announcements of first-time introduction are associated with positive abnormal returns. However, the long-term performance of the introduced firms is worse than control firms having no foreign directors on board.
プログラム / Schedule
13：00 Opening Remarks （MIYAJIMA, Hideaki (Director, WIAS / Professor, Waseda University)）
13：05 Presentation, Question-and-answer session (NGUYEN THI PHUONG, Thanh) (* in English)
14：25 Concluding Remarks（MIYAJIMA, Hideaki）
対 象 / Prospected Audience
Faculty and staff members of a university, grad students, undergraduates, the general publics
主 催 / Organizer
Research Institute of Business Administration,Waseda University
Waseda Institute for Advanced Study,Waseda University
申込み / Registration
Free of charge. Please come to the event venue directly.
