Japan's Paradoxical Response to the New 'Global Standard' in Corporate Governance

Japan's Paradoxical Response to the New 'Global Standard' in Corporate Governance
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日本对公司治理新“全球标准”的自相矛盾的反应

DOI:
10.2139/ssrn.1013286
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发表时间:
2007
期刊:
LSN: Corporate Governance International (Topic)
影响因子:
--
通讯作者:
S. Deakin
S. Deakin
中科院分区:
--
文献类型:
--
作者:
J. Buchanan;S. Deakin

文献摘要

被引文献

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根据对近期法律改革实施情况的实证研究,我们认为,日本并没有坚定不移地朝着基于外部监督和公司控制市场的公司治理“全球标准”迈进。然而,日本的公司治理正在发生变化:在某种程度上,作为对法律举措的间接回应,新的结构和做法正在出现,旨在提供更大的决策灵活性,同时保留日本公司的组织核心。在很大程度上,旨在移植全球标准的法律改革产生了自相矛盾的效果,可能是为了更新独特的日本公司模式。
We suggest, on the basis of empirical research into the implementation of recent legal reforms, that Japan is not moving inexorably towards a 'global standard' in corporate governance, based on external monitoring and a market for corporate control. Japanese corporate governance is nevertheless changing: in part as an indirect response to legal initiatives, new structures and practices are emerging, aimed at providing greater flexibility in decision-making, while retaining the organisational core of the Japanese firm. The paradoxical effect of legal reforms aimed, in large part, at transplanting the global standard, may be to renew the distinctive Japanese model of the corporation.