Abstract
This book uses comparative institutional analysis to explain differences in national economic performance. Countries have their own rules for corporate governance and they have different market arrangements; and these differences in rules and organization affect the way firms behave. Countries also tend to develop conventions of organizational architecture whether their hierarchies are functional, horizontal, or decentralized. This affects the way in which they process information, and information management is increasingly seen as being of crucial importance to a firm's performance. This book accords more importance to these factors than to the factors conventionally used in applying a neoclassical model of economic efficiency. It applies game theory, contract theory, and information theory. By describing the rules and norms in Japan, the USA, and the transitional economies, the book shows how firms can achieve competitive advantage in international markets if these conventions and rules are well suited to the industrial sector in which the firms operate. The book is particularly concerned with how Japan, with its main bank and lifelong employment systems, as well as information-sharing firm organizational structure, might reform its institutions to maintain competitive advantage in the world economy.
| Original language | English |
|---|---|
| Publisher | Oxford University Press |
| Number of pages | 472 |
| ISBN (Print) | 9780191713705, 9780199284511 |
| DOIs | |
| Publication status | Published - 2007 Sep 1 |
| Externally published | Yes |
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Keywords
- Comparative institutional analysis
- Contract theory
- Corporate governance
- Decentralized hierarchies
- Functional hierarchies
- Game theory
- Horizontal hierarchies
- Information management
- Information theory
- National economic performance
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
Cite this
Corporate Governance in Japan : Institutional Change and Organizational Diversity. / Aoki, Masahiko; Jackson, Gregory; Miyajima, Hideaki.
Oxford University Press, 2007. 472 p.Research output: Book/Report › Book
}
TY - BOOK
T1 - Corporate Governance in Japan
T2 - Institutional Change and Organizational Diversity
AU - Aoki, Masahiko
AU - Jackson, Gregory
AU - Miyajima, Hideaki
PY - 2007/9/1
Y1 - 2007/9/1
N2 - This book uses comparative institutional analysis to explain differences in national economic performance. Countries have their own rules for corporate governance and they have different market arrangements; and these differences in rules and organization affect the way firms behave. Countries also tend to develop conventions of organizational architecture whether their hierarchies are functional, horizontal, or decentralized. This affects the way in which they process information, and information management is increasingly seen as being of crucial importance to a firm's performance. This book accords more importance to these factors than to the factors conventionally used in applying a neoclassical model of economic efficiency. It applies game theory, contract theory, and information theory. By describing the rules and norms in Japan, the USA, and the transitional economies, the book shows how firms can achieve competitive advantage in international markets if these conventions and rules are well suited to the industrial sector in which the firms operate. The book is particularly concerned with how Japan, with its main bank and lifelong employment systems, as well as information-sharing firm organizational structure, might reform its institutions to maintain competitive advantage in the world economy.
AB - This book uses comparative institutional analysis to explain differences in national economic performance. Countries have their own rules for corporate governance and they have different market arrangements; and these differences in rules and organization affect the way firms behave. Countries also tend to develop conventions of organizational architecture whether their hierarchies are functional, horizontal, or decentralized. This affects the way in which they process information, and information management is increasingly seen as being of crucial importance to a firm's performance. This book accords more importance to these factors than to the factors conventionally used in applying a neoclassical model of economic efficiency. It applies game theory, contract theory, and information theory. By describing the rules and norms in Japan, the USA, and the transitional economies, the book shows how firms can achieve competitive advantage in international markets if these conventions and rules are well suited to the industrial sector in which the firms operate. The book is particularly concerned with how Japan, with its main bank and lifelong employment systems, as well as information-sharing firm organizational structure, might reform its institutions to maintain competitive advantage in the world economy.
KW - Comparative institutional analysis
KW - Contract theory
KW - Corporate governance
KW - Decentralized hierarchies
KW - Functional hierarchies
KW - Game theory
KW - Horizontal hierarchies
KW - Information management
KW - Information theory
KW - National economic performance
UR - http://www.scopus.com/inward/record.url?scp=84920102685&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84920102685&partnerID=8YFLogxK
U2 - 10.1093/acprof:oso/9780199284511.001.0001
DO - 10.1093/acprof:oso/9780199284511.001.0001
M3 - Book
SN - 9780191713705
SN - 9780199284511
BT - Corporate Governance in Japan
PB - Oxford University Press
ER -