A Study on the Legitimacy Formation Process of Activist Shareholders in Japan through Text Analysis of Articles in National Newspapers

DOI

Bibliographic Information

Other Title
  • 日本の企業コミュニティにおけるアクティビストへの正統性形成プロセスに関する考察
  • ―全国紙記事のテキスト分析を通して―

Abstract

<p>This study examines the legitimacy formation process of activist shareholders in the Japanese business community. Text analysis of articles in national newspapers showed that the perceptions of activists has changed, and that the corporate governance reforms implemented during the second Abe administration after 2013 were a factor in this change. Activist shareholders have gained legitimacy in Japanese business community due to changes in activist behavior and changes in the social system of Japanese business community (legitimization of management involvement by outsider shareholders). Finally, this study provides some important points in the ideal relationship between activist shareholders and companies.</p>

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Keywords

Details 詳細情報について

  • CRID
    1390296453680632960
  • DOI
    10.34608/kohokenkyu.27.0_33
  • ISSN
    24359882
    13431390
  • Text Lang
    ja
  • Data Source
    • JaLC
  • Abstract License Flag
    Disallowed

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