Independent Leading Corporate Governance Research

Metrical Inc

METRICAL INC. is an independent leading Corporate Governance research firm in Japan where Corporate Governance is increasingly recognized as an important element on corporate management in these days. Thus, CG research and solutions would become an essential component of global capital markets and play important to contribute to transparency of the markets and maximize shareholders’ value in Japan. 

METRICAL INC. provides Corporate Governance research and analysis including rating services, and  also offers investment research and IR services with solutions and customized profound research on CG and IR issues.

Japan's Governance: Takeover Defense Measures and Foreign Shareholder Ratio

Japan's Governance: Discussion of Ex-CEO Advisors Factor

Japan's Governance: Considerations for Takeover Defense Measures (3)

Japan's Governance: Considerations Regarding Retirement of Treasury Stock

Japan's Governance: Foreign Shareholder Ownership and Governance Factors

Japan's Governance: Prime Market Standard and Treasury Stock Retirement

Japan's Governance: TOPIX Reform Update (2) - Change in Calculation Method of Floating Share Ratio

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>This article explored what kind of companies overseas investors are investing in in terms of Key Performance Indicators and Corporate Governance Practices by focusing on the percentage of foreign shareholders.</li>
<li>The group of companies with the higher percentage of foreign shareholders tend to have higher ROE, ROA and Tobin's q, as well as better values in many corporate governance criteria.</li>
<li>The difference in Key Performance Indicators and corporate governance practices between the group with &gt;30% and =&lt; 30% in foreign shareholding suggests that there is a watershed around 30% shareholding.</li>
</ul>


This article explored what kind of companies overseas investors are investing in in terms of Key Performance Indicators and Corporate Governance Practices by focusing on the percentage of foreign shareholders.
The group of companies with the higher percentage of foreign shareholders tend to have higher ROE, ROA and Tobin's q, as well as better values in many corporate governance criteria.
The difference in Key Performance Indicators and corporate governance practices between the group with &gt;30% and =&lt; 30% in foreign shareholding suggests that there is a watershed around 30% shareholding.


Japan's Governance: Considerations Regarding the Percentage of Foreign Shareholders

TSE Tokyo Price Index TOPIX

Japan's Governance: Considerations Regarding the Percentage of Foreign Shareholders