How Do Japanese Investors Respond to Gender-Related News Communications?

How Do Japanese Investors Respond to Gender-Related News Communications?
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DOI:
10.1007/978-3-030-75154-8_5
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发表时间:
2021
期刊:
Corporate Social Responsibility and Gender Equality in Japan
影响因子:
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通讯作者:
Miho Murashima
Miho Murashima
中科院分区:
其他
文献类型:
--
作者:
Miho Murashima

文献摘要

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本章重点讨论作为CSR最有意义的结果之一的性别多样性,反映了日本在性别平等挑战方面仍在发展的情况。本章的目的是通过事件研究法,探讨投资者的反应与日本企业发布性别新闻之间的关系。通过笔者从日本知名财经报纸上收集的大量原创CSR新闻数据,分析的一个主要发现是,日本投资者对性别多样性的看法仍在发展,但正在发生变化。2016年后,投资者开始对与性别相关的公告做出积极反应,这表明投资者的看法发生了转变。这一发现不仅对日本的企业高管和政治家,而且对其他具有相似性别文化背景的国家的人都具有重要意义。
This chapter focuses on gender diversity as one of the most meaningful consequences of CSR, reflecting on the circumstance that Japan is still developing in terms of gender equality challenges. The aim of this chapter is to explore the association between investors' reactions and the release of gender-related news of Japanese companies using an event study methodology. With a large and original CSR news dataset collected from well-known Japanese financial newspapers by the author, a major finding of the analysis is that Japanese investors' views on gender diversity are still developing but changing. After 2016, investors began to react favorably to gender-related announcements, indicating a shift in investor perception. The findings will have important implications not only for Japanese corporate executives and politicians but also for those from other nations with similar cultural backgrounds in terms of gender.