Institutional Investor Governance: Evidence from Stewardship Code Disclosures

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The first stage of the study is complete, which focused on documenting and analyzing Stewardship Code disclosures by institutional investors and developing a governance quality measure. Necessary data collection from primary sources is complete, with research assistants having hand-collected information from the Stewardship Code disclosures for institutional investors. Content analysis of disclosures is also complete. Nikkei CGES Database CD purchase has made available data to be included in empirical models. Therefore, data needed for the empirical analysis stage of the project is ready. Data analysis and production of working papers is currently underway.