Changing Corporate Governance and its Impact on Performance in Japan : Complimentarity among Organization, Ownership and Competition

本研究旨在全面分析公司治理的变化及其对公司行为和业绩的影响。我们主要关注：1）内外部治理与组织结构的关系; 2）交叉持股解散后的股权结构与上市子公司问题; 3）公司治理与资本选择、劳动力调整和研发支出的关系。通过这些分析，我们可以突出日本公司治理最近的重大变化及其对组织选择和创新的影响。我们三年的密集努力产生了4本书，50篇论文，包括学术期刊论文和21次会议演讲。

This project aimed at comprehensively analyzing the changing corporate governance and its impact on corporate behavior and performance. We mainly focused on : 1) the relationship between internal-external governance and organizational architectures, 2) the ownership structure post the dissolving cross-shareholding and the listed subsidiaries issues, and 3) the relationship between corporate governance and capital choice, labor adjustment and R&D expenditures. By these analyses, we could highlight the recent crucial changes of corporate governance in Japan and their impact of organizational choice, and innovation. Our three years intensive efforts resulted in 4 books, 50 papers including refereed academic journal articles and 21 conference presentations.