Introduction: The Diversity and Change of Corporate Governance in Japan 1

Gregory Jackson, Hideaki Miyajima

Research output: Contribution to journalArticle

49 Citations (Scopus)

Abstract

The introductory chapter gives a comprehensive overview of the crisis and transformation of corporate governance in Japan since the mid-1990s. Drawing on the main empirical findings of the book, these changes are examined in relation to three areas: corporate ownership and finance, patterns of corporate organization and employment, and changes in the legal and governance role of the board of directors. Based on data from a Japanese Ministry of Finance survey, a summary typology of corporate governance practices in Japanese firms is developed that identifies three major clusters or types: firms with traditional Japanese-style practices, firms with hybrid practices combining market-oriented finance and governance with relationship-oriented employment, and firms with 'inverse' hybrid practices that combine relationship-oriented finance and governance with market-oriented employment. The implications of this growing diversity in organizational practices are discussed in relation to institutional change and the viability of a new Japanese-style model of corporate governance in the future.

Original languageEnglish
JournalUnknown Journal
DOIs
Publication statusPublished - 2007 Sep 1
Externally publishedYes

Fingerprint

finance
Japan
viability
Finance
Corporate governance
Governance

Keywords

  • Board of directors
  • Corporate finance
  • Corporate organization
  • Corporate ownership
  • Institutional change
  • Japanese economy

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Cite this

Introduction : The Diversity and Change of Corporate Governance in Japan 1. / Jackson, Gregory; Miyajima, Hideaki.

In: Unknown Journal, 01.09.2007.

Research output: Contribution to journalArticle

@article{a79dc484e7e541ef91c0515b2ba3aa1a,
title = "Introduction: The Diversity and Change of Corporate Governance in Japan 1",
abstract = "The introductory chapter gives a comprehensive overview of the crisis and transformation of corporate governance in Japan since the mid-1990s. Drawing on the main empirical findings of the book, these changes are examined in relation to three areas: corporate ownership and finance, patterns of corporate organization and employment, and changes in the legal and governance role of the board of directors. Based on data from a Japanese Ministry of Finance survey, a summary typology of corporate governance practices in Japanese firms is developed that identifies three major clusters or types: firms with traditional Japanese-style practices, firms with hybrid practices combining market-oriented finance and governance with relationship-oriented employment, and firms with 'inverse' hybrid practices that combine relationship-oriented finance and governance with market-oriented employment. The implications of this growing diversity in organizational practices are discussed in relation to institutional change and the viability of a new Japanese-style model of corporate governance in the future.",
keywords = "Board of directors, Corporate finance, Corporate organization, Corporate ownership, Institutional change, Japanese economy",
author = "Gregory Jackson and Hideaki Miyajima",
year = "2007",
month = "9",
day = "1",
doi = "10.1093/acprof:oso/9780199284511.003.0001",
language = "English",
journal = "Nuclear Physics A",
issn = "0375-9474",
publisher = "Elsevier",

}

TY - JOUR

T1 - Introduction

T2 - The Diversity and Change of Corporate Governance in Japan 1

AU - Jackson, Gregory

AU - Miyajima, Hideaki

PY - 2007/9/1

Y1 - 2007/9/1

N2 - The introductory chapter gives a comprehensive overview of the crisis and transformation of corporate governance in Japan since the mid-1990s. Drawing on the main empirical findings of the book, these changes are examined in relation to three areas: corporate ownership and finance, patterns of corporate organization and employment, and changes in the legal and governance role of the board of directors. Based on data from a Japanese Ministry of Finance survey, a summary typology of corporate governance practices in Japanese firms is developed that identifies three major clusters or types: firms with traditional Japanese-style practices, firms with hybrid practices combining market-oriented finance and governance with relationship-oriented employment, and firms with 'inverse' hybrid practices that combine relationship-oriented finance and governance with market-oriented employment. The implications of this growing diversity in organizational practices are discussed in relation to institutional change and the viability of a new Japanese-style model of corporate governance in the future.

AB - The introductory chapter gives a comprehensive overview of the crisis and transformation of corporate governance in Japan since the mid-1990s. Drawing on the main empirical findings of the book, these changes are examined in relation to three areas: corporate ownership and finance, patterns of corporate organization and employment, and changes in the legal and governance role of the board of directors. Based on data from a Japanese Ministry of Finance survey, a summary typology of corporate governance practices in Japanese firms is developed that identifies three major clusters or types: firms with traditional Japanese-style practices, firms with hybrid practices combining market-oriented finance and governance with relationship-oriented employment, and firms with 'inverse' hybrid practices that combine relationship-oriented finance and governance with market-oriented employment. The implications of this growing diversity in organizational practices are discussed in relation to institutional change and the viability of a new Japanese-style model of corporate governance in the future.

KW - Board of directors

KW - Corporate finance

KW - Corporate organization

KW - Corporate ownership

KW - Institutional change

KW - Japanese economy

UR - http://www.scopus.com/inward/record.url?scp=84920097298&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84920097298&partnerID=8YFLogxK

U2 - 10.1093/acprof:oso/9780199284511.003.0001

DO - 10.1093/acprof:oso/9780199284511.003.0001

M3 - Article

AN - SCOPUS:84920097298

JO - Nuclear Physics A

JF - Nuclear Physics A

SN - 0375-9474

ER -