The Perceived Development and Unperceived Decline of Corporate Governance in Japan
The Perceived Development and Unperceived Decline of Corporate Governance in Japan
复制标题
日本公司治理的显着发展和未被察觉的衰退
DOI:
10.1007/978-4-431-55096-9_2
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发表时间:
2014
期刊:
影响因子:
--
通讯作者:
Kazuhiro Tanaka
中科院分区:
文献类型:
--
作者:
Okamoto;Yumiko and Yukiko Fukasaku;Yumiko Okamoto (with Yukiko Fukasaku);岡本由美子;岡本由美子;Kazuhiro Tanaka
Japanese corporate governance has strengthened over the last decade (the perceived development); however, this is only one aspect of this change. Another aspect requires some analysis to determine the essence and reality of Japanese corporate governance. I use the terms “vertical governance” and “horizontal governance” in the analysis for this paper. Vertical governance, which can be summarized as forced CEO discipline, is the dominant perspective of the current global governance debate. Horizontal governance is introduced in this paper and is a concept summarized as voluntary CEO discipline. I argue that horizontal governance has been a salient characteristic of traditional Japanese corporate systems for decades, although it is relatively new in terms of its theoretical perspective. The significant changes in Japanese corporate governance since the late 1990s have the potential to undermine the foundation of horizontal governance of Japanese firms (the unperceived decline). Caution is necessary in assuming that these changes portend improvements in overall Japanese corporate governance.
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影响因子:
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作者:
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影响因子:
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作者:
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DOI:
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期刊:
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影响因子:
--
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DOI:
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发表时间:
2007
期刊:
--
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作者:
D. Ronald
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D. Ronald
DOI:
10.2139/ssrn.818346
发表时间:
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期刊:
Corporate Finance: Governance
影响因子:
--
作者:
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