Corporate Governance in Japan
Institutional Change and Organizational Diversity
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Product details:
- Publisher OUP Oxford
- Date of Publication 6 September 2007
- ISBN 9780199284511
- Binding Hardback
- No. of pages480 pages
- Size 240x160x35 mm
- Weight 873 g
- Language English
- Illustrations numerous tables and figures 0
Categories
Short description:
Written by a group of leading scholars from economics, law, sociology and management studies, this book examines recent changes in Japanese corporate governance. Each chapter presents original empirical analysis of the transformation of the Japanese firm and discusses the prospects and challenges for Japan's distinctive variety of capitalism.
MoreLong description:
Debates regarding corporate governance have become increasingly important in Japan as the post-war model of bank-based, stakeholder-oriented corporate governance faces the new pressures associated with globalization and growing investor demands for shareholder value. Bringing together a group of leading scholars from economics, law, sociology and management studies, this book looks at how the Japanese approach to corporate governance and the firm have changed in the post-bubble era. The contributions offer a unique empirical exploration of why and how Japanese firms are reshaping their corporate governance arrangements, leading to greater diversity among firms and new 'hybrid' forms of corporate governance. The book concludes by looking at what effect these incremental but transformative changes may have on Japan's distinctive variety of capitalism.
MoreTable of Contents:
Introduction: The Diversity and Change of Corporate Governance in Japan
Changes in Ownership and Finance
Relational Banking in Post-Bubble Japan: The Coexistence of Soft- and Hard-Budget Constraints
The Unwinding of Cross-shareholding: Causes, Effects, and Implications
Foreign Investors and Corporate Governance in Japan
Venture Capital and its Governance: The Emergence of Equity Financing Conduits in Japan
Corporate Governance in Financial Stress: The New Role of Bankruptcy
The Rise of Bank-Related Corporate Revival Funds
Changes in Organization, Employment, and Corporate Bonds
Business Portfolio Restructuring of Japanese Firms in the 1990s
Corporate Finance and Human Resource Management: Some Recent Survey Evidence
Employee Participation, Adjustment and Distributional Conflict
The Turnaround of 1997: Changes in Japanese Corporate Law and Governance
The Performance Effects and Determinants of Corporate Governance Reform
Insider Management and Board Reform: For Whose Benefit?
Diversity and Institutional Change
Organizational Diversity and Institutional Change: Evidence from Financial and Labor Markets in Japan
Conclusion: Wither Japanese Corporate Governance? Toward External Monitoring of Internal Linkage