Japanese Corporate Governance and the Principle of Internalism

Japanese Corporate Governance and the Principle of Internalism
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日本公司治理与内部主义原理

DOI:
10.1111/j.1467-8683.2007.00539.x
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发表时间:
2007
期刊:
Corporate Finance: Governance
影响因子:
--
通讯作者:
J. Buchanan
J. Buchanan
中科院分区:
--
文献类型:
--
作者:
J. Buchanan

文献摘要

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日本公司治理可以从“内部主义”的定义特征来分析:认为公司应该由内部任命的、与公司融为一体的经理控制。从最近与公司管理层和其他来源的接触中提供了一些例子,说明这如何决定管理层对具体发展的反应。内部主义依赖于特定的历史和经济环境所创造的社会企业环境。存在着潜在的破坏性因素,它们可能改变这种环境,破坏内部主义赖以存在的基础。然而,近期内似乎不太可能出现重大变化。版权所有(c) 2007作者;期刊汇编(c) 2007 Blackwell Publishing Ltd。
Japanese corporate governance can be analysed in terms of a defining characteristic of "internalism": the belief that companies should be controlled by internally appointed managers who are integrated into their firms. Examples are offered from recent contacts with corporate management and other sources to illustrate how this determines the response of management to specific developments. Internalism depends on a socio-corporate environment created by specific historical and economic circumstances. Potentially disruptive elements exist which could alter this environment and undermine the foundations on which internalism rests. However, major change seems unlikely in the near future. Copyright (c) 2007 The Author; Journal compilation (c) 2007 Blackwell Publishing Ltd.