RIETI Paper: Positive Relationship Between Foreign Investment and Corporate Value; Negative Relationship re Cross-Shareholdings

Following the useful panel discussion yesterday, I looked up and am forwarding along this RIETI paper that discusses the positive impact of increased foreign stock ownership upon productivity growth, especially due to their “strong attitudes toward voting. In section 3 this paper also mentions several earlier studies that showed a positive relationship between foreign investment and corporate value, and a negative relationship between cross-shareholding and firm value.


Naomi Fink
Head of Japan Strategy
Jefferies (Japan) Limited
Hibiya Marine Bldg 3F
Yurakucho 1-5-1
Tokyo 100-0006

(uploaded at the request of NaomiFink)

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