|
MORITA Mitsuru
Department Aoyama Gakuin University Department of International Management, Graduate School of International Management Aoyama Gakuin University Department of International Management Science, Graduate School of International Management Position Professor |
|
| Language | Japanese |
| Publication Date | 2019/12 |
| Type | Academic Journal |
| Invitation | Invited paper |
| Title | The Role of a Buy-side Analyst Who Engages with Corporate Managers: How to Build a Mutual Stewardship Relationship with Management |
| Contribution Type | Collaboration |
| Journal | Security Analyst Journal |
| Journal Type | Japan |
| Volume, Issue, Page | pp.26-38 |
| Details | In recent years, a new role of buy-side analysts is expected as they are more actively engaging with investee companies. In this paper, we will discuss these analysts who regard corporate managers as steward-type managers and make an effort in engagements based on mutual understanding and trust, instead of regarding them as agent-type manager as in the case of conventional agency theory. Moreover, we will discuss the requirements and skill sets necessary for such analysts, and advocate a new analyst image that aims to build a “mutual stewardship relationship” with corporate management as “the future of analysts”. |