Institutional Investor Governance: Evidence from Stewardship Code Disclosures

研究的第一阶段已经完成，重点是记录和分析机构投资者披露的管理准则，并制定治理质量衡量标准。从主要来源收集的必要数据已经完成，研究助理已从机构投资者的《管理守则》披露中手工收集信息。披露的内容分析也已完成。日经CGES数据库CD购买量已经提供了包括在经验模型中的数据。因此，项目实证分析阶段所需的数据已经准备就绪。目前正在进行数据分析和编写工作文件。

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.