The effect of corporate governance on firms’ decent work policies in Japan

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3 Citations (Scopus)

Abstract

It is often argued that globalization of financial markets leads to change in firms’ human resource practices and employees’ well-being. To examine the effect of corporate governance on employees’ well-being, we examine the determinants of firm policies on decent work. Decent work was proposed as a goal by the International Labour Organization, and includes such dimensions as ‘work in conditions of freedom’, ‘equity in work’ and ‘security in work’. We develop a scoring system for firms’ policies on decent work using data on 1258 of Japan's listed firms in 2015. Using this unique dataset, we examine the effect of foreign ownership and outside director ratio on these scores. There is a positive relationship between these corporate mechanisms and firms’ policies. It is suggested that decent work may be promoted by a change in corporate governance.

Original languageEnglish
Pages (from-to)450-473
Number of pages24
JournalAsia Pacific Journal of Human Resources
Volume56
Issue number4
DOIs
Publication statusPublished - 2018 Oct

Keywords

  • Japan
  • corporate governance
  • decent work
  • employees’ well-being
  • quality of job

ASJC Scopus subject areas

  • Organizational Behavior and Human Resource Management

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