Foreign investors and corporate social responsibility: evidence from the career advancement of women in Japan

Takanori Tanaka

Applied Economics, 2015, vol. 47, issue 33, 3510-3524

Abstract: I examine whether foreign investors invest in firms that encourage the career advancement of women by using data from a sample of Japanese firms during the period 2008-2011. First, I find that corporate governance reform and work-life balance practices facilitate the promotion of women to higher positions in firms. Furthermore, I find that foreign investors hold more shares of firms that encourage the career advancement of women. Overall, these results indicate that the career advancement of women, as a part of corporate social responsible activities, benefits foreign investors.

Date: 2015
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DOI: 10.1080/00036846.2015.1016212

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