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

Research output: Contribution to journalArticle

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
JournalAsia Pacific Journal of Human Resources
DOIs
Publication statusAccepted/In press - 2018 Jan 1

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Corporate governance
Japan
Employee well-being
Globalization
Scoring
Equity
Financial markets
Foreign ownership
Labor organization
Human resource practices
Outside directors

Keywords

  • Corporate governance
  • Decent work
  • Employees' well-being
  • Japan
  • Quality of job

ASJC Scopus subject areas

  • Organizational Behavior and Human Resource Management

Cite this

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