{"created":"2023-05-18T10:24:27.493354+00:00","id":39,"links":{},"metadata":{"_buckets":{"deposit":"fdf6dbfa-a9ea-4f17-a3f7-7b10cbcd5683"},"_deposit":{"created_by":7,"id":"39","owners":[7],"pid":{"revision_id":0,"type":"depid","value":"39"},"status":"published"},"_oai":{"id":"oai:togaku.repo.nii.ac.jp:00000039","sets":["1:6:13"]},"author_link":["31","60"],"control_number":"39","item_10002_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2008-03-31","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"2","bibliographicPageEnd":"61","bibliographicPageStart":"35","bibliographicVolumeNumber":"2","bibliographic_titles":[{"bibliographic_title":"現代経営経済研究"},{"bibliographic_title":"Toyo Gakuen University business and economic review"}]}]},"item_10002_description_5":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"米国金融市場における機関投資家の資産残高は，1960年代以降拡大が続き，現在では26兆ドル，名目GDPの2倍の規模にまで膨れ上がっている．いわゆる「金融の機関化」現象が進展してきているのだ．この現象が進む背景として，①銀行部門における預貸業務の相対的後退，②金融市場の環境が保険，年金，投資信託など機関投資家の活動に適したものに変化してきたことなどが指摘される．機関投資家のプレゼンスの高まりは，企業社会の価値判断にも強い影響を与え，株主価値が高くありさえすればいいという短期的視野に基づく株価至上主義的な傾向を生みだしている．この株価至上主義は，時として企業経営者を粉飾決算操作へと誘い込む．その典型的ケースが，エンロン事件だ．これに対応して，米国当局は，コーポレート・ガバナンスの視点から，影響力の強くなった機関投資家に経営者監視を強く促し始めた．\n　さて，日本でも，機関投資家が台頭し始めており，米国型企業犯罪も珍しくなくなってきている．しかし，日本では，機関投資家にガバナンス行動を具体的に規定する法体系が整備されていない．株価至上主義が浸透する一方で，株主として機関投資家の影響力が強まる際には，日本の機関投資家による株主行動を具体化した法体系の早急な整備が不可避であることを，米国の機関化の帰結は教えている．\n\n  Institutionalization of finance is a widespread phenomenon in the U.S. The total amount of assets that institutional investors purchased in U.S. financial markets has grown steadily to reach the present level of 26 trillion dollars, twice as much as the U.S. GDP. Increasing presence of institutional investors in the markets has influenced corporate management, often leading to short-term managerial decision-making. This approach tends to overly emphasize stock prices, and thus sometimes tempts managers to make false reports. To deal with this problem, U.S. financial authorities have put more pressure on institutional investors to keep a close watch each company’s management. The U.S. institutionalization of finance would suggest that Japanese financial authorities should establish at early stages a system of corporate governance that obliges institutional investors to regularly check on their company’s management, as the institutionalization of finance is gradually emerging in Japanese markets.","subitem_description_type":"Abstract"}]},"item_10002_publisher_8":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"東洋学園大学","subitem_publisher_language":"ja"}]},"item_10002_relation_12":{"attribute_name":"論文ID（NAID）","attribute_value_mlt":[{"subitem_relation_type":"isIdenticalTo","subitem_relation_type_id":{"subitem_relation_type_id_text":"110008606581","subitem_relation_type_select":"NAID"}}]},"item_10002_source_id_11":{"attribute_name":"書誌レコードID","attribute_value_mlt":[{"subitem_source_identifier":"AA11928733","subitem_source_identifier_type":"NCID"}]},"item_10002_source_id_9":{"attribute_name":"ISSN","attribute_value_mlt":[{"subitem_source_identifier":"13492004","subitem_source_identifier_type":"ISSN"}]},"item_10002_version_type_20":{"attribute_name":"著者版フラグ","attribute_value_mlt":[{"subitem_version_type":"VoR"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"鎌田, 信男","creatorNameLang":"ja"},{"creatorName":"カマタ, ノブオ","creatorNameLang":"ja-Kana"}],"nameIdentifiers":[{},{}]},{"creatorNames":[{"creatorName":"Kamata, Nobuo","creatorNameLang":"en"}],"nameIdentifiers":[{}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2018-03-31"}],"displaytype":"detail","filename":"KJ00007169339.pdf","filesize":[{"value":"3.3 MB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"米国金融市場における機関化の帰結と日本への示唆","url":"https://togaku.repo.nii.ac.jp/record/39/files/KJ00007169339.pdf"},"version_id":"311ac814-15cd-414a-b836-e21f6045bd03"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"jpn"}]},"item_title":"米国金融市場における機関化の帰結と日本への示唆","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"米国金融市場における機関化の帰結と日本への示唆","subitem_title_language":"ja"},{"subitem_title":"The Consequences of Institutionalization of Finance in the U.S. and Its Implications towards Japan","subitem_title_language":"en"}]},"item_type_id":"10002","owner":"7","path":["13"],"pubdate":{"attribute_name":"PubDate","attribute_value":"2018-03-31"},"publish_date":"2018-03-31","publish_status":"0","recid":"39","relation_version_is_last":true,"title":["米国金融市場における機関化の帰結と日本への示唆"],"weko_creator_id":"7","weko_shared_id":-1},"updated":"2023-06-22T09:11:45.178967+00:00"}