[go: up one dir, main page]

IDEAS home Printed from https://ideas.repec.org/p/eti/rdpsjp/21004.html
   My bibliography  Save this paper

How Do Japanese Firms Evaluate the Impacts of ESG Activities? A Survey Analysis (Japanese)

Author

Listed:
  • SASAKI Takafumi
  • HANAEDA Hideki
Abstract
How does investment in socially responsible activities influence shareholder value? We conduct a survey on the effects of ESG programs on financial performance in Japanese firms to address this important question. We find that Japanese firms believe that enhancing ESG performance results in increases in future profits. Furthermore, the impact of ESG on mitigating uncertainty of future profits is more important than the impact on increasing profits. We also find that large firms value the impacts of ESG more than small firms do. Although these findings are partially affected by self-selection issues, we argue that firms engage in ESG programs to enhance long-term shareholder value rather than sacrificing profits. We also find that respondents expect that enhancements in ESG have a positive impact on stakeholders' behavior, which will in turn increase shareholder value.

Suggested Citation

  • SASAKI Takafumi & HANAEDA Hideki, 2021. "How Do Japanese Firms Evaluate the Impacts of ESG Activities? A Survey Analysis (Japanese)," Discussion Papers (Japanese) 21004, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:rdpsjp:21004
    as

    Download full text from publisher

    File URL: https://www.rieti.go.jp/jp/publications/dp/21j004.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eti:rdpsjp:21004. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: TANIMOTO, Toko (email available below). General contact details of provider: https://edirc.repec.org/data/rietijp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.