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Realization of democratic capitalism by Universal Fund
https://doi.org/10.69200/0002007322
https://doi.org/10.69200/00020073226f6a7d6f-615a-4091-a4ba-42b0b1ba9d90
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
rkz055-1-05-konishi.pdf (319.1 KB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||||||
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| 公開日 | 2023-11-06 | |||||||||
| タイトル | ||||||||||
| タイトル | Realization of democratic capitalism by Universal Fund | |||||||||
| 言語 | en | |||||||||
| 著者 |
コニシ, ヒロミ
× コニシ, ヒロミ
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| 言語 | ||||||||||
| 言語 | eng | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||||
| 資源タイプ | departmental bulletin paper | |||||||||
| ID登録 | ||||||||||
| ID登録 | 10.69200/0002007322 | |||||||||
| ID登録タイプ | JaLC | |||||||||
| 内容記述 | ||||||||||
| 内容記述タイプ | Abstract | |||||||||
| 内容記述 | In this paper I propose establishing democratic capitalism by means of a Japanese Universal Fund. The purpose of the Universal Fund is to realize democratic capitalism. The Universal Fund would be a fund available to every citizen. Anyone over 18 could register for the Universal Fund. All persons registered for the Universal Fund could receive dividends and have the right to vote according to the shares of each company’s stock held in the Universal Fund. The original idea of a Universal Fund was proposed in Lynn Stout, Sergio Gramitto, and Tamara Belinfanti (2019). My proposal is that the Japanese Universal Fund would receive the shares from ETF (Exchange Traded Funds) held by BOJ and registered members could select the appropriate proxy advisor to vote. BOJ has bought up major holdings in ETF as a way of monetary easing policy. The share of its holdings is over 80 %. Therefore, the selling of ETF by BOJ would have a huge impact on the stock markets. I recommend that BOJ transfer ETF to the Universal Fund. Registered members could vote according to the shares of companies, but they would need appropriate proxy advisors. Not only asset management companies but also many institutions such as NPOs and labor unions could become proxy advisors. Proxy advisors would express their approval or disapproval of the proposals at the general meetings of shareholders. Registered members could select an appropriate advisor and vote for their equity. | |||||||||
| 言語 | en | |||||||||
| 書誌情報 |
ja : 駒沢大学経済学論集 ja-Kana : コマザワ ダイガク ケイザイガク ロンシュウ 巻 55, 号 1, p. 87-103, 発行日 2023-10 |
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| 出版者 | ||||||||||
| 出版者 | 駒澤大学経済学会 | |||||||||
| 言語 | ja | |||||||||
| ISSN | ||||||||||
| 収録物識別子タイプ | PISSN | |||||||||
| 収録物識別子 | 0389-9853 | |||||||||
| 書誌レコードID | ||||||||||
| 収録物識別子タイプ | NCID | |||||||||
| 収録物識別子 | AN00093494 | |||||||||
| レコードID | ||||||||||
| 値 | XC02320048 | |||||||||
| 掲載誌情報 | ||||||||||
| 値 | 駒澤大学経済学論集55(1) | |||||||||
