The Myth of the Main Bank: Japan and Comparative Corporate Governance

The Myth of the Main Bank: Japan and Comparative Corporate Governance
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主银行的神话:日本与公司治理比较

DOI:
10.1111/j.1747-4469.2002.tb00809.x
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发表时间:
2002
期刊:
Law & Social Inquiry
影响因子:
--
通讯作者:
M. Ramseyer
M. Ramseyer
中科院分区:
--
文献类型:
--
作者:
Y. Miwa;M. Ramseyer

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在这篇关于青木昌彦最近对日本公司治理的研究的文章中,我们认为他和其他人在几个基本方面错误地描述了日本。首先,日本企业和员工选择既不安排隐性终身雇佣合同,也不大量投资于企业特有的技能。相反,公司在经济衰退期间雇用员工只是因为干涉主义法院不让他们解雇员工。第二,日本企业不组织成经连会集团,不与其他所谓的集团成员交换股份,也不一定把集团所属的货币中心银行作为其“主要银行”。最后,日本的“主要银行”既不事先同意救助陷入困境的债务人,也不代表其他债权人监督公司。
In this essay on Masahiko Aoki's recent study of Japanese corporate governance, we argue that he and others misdescribe Japan on several fundamental dimensions. First, Japanese firms and employees choose neither to arrange implicit life-time employment contracts nor to invest heavily in firm-specific skills. Instead, firms keep employees employed during economic downturns only because interventionist courts do not let them lay their employees off. Second, Japanese firms do not organize themselves into keiretsu corporate groups, do not exchange shares with other alleged group members, and do not necessarily use the money-center bank attributed to the group as their "main bank." Last, Japanese "main banks" neither agree in advance to rescue troubled debtors nor monitor firms on behalf of other creditors.
企业稳定性和企业制度(日语)
DOI: --
发表时间: 2004
期刊: Organizational science Vol.38, No.1
影响因子: --
作者:
SHIMIZU Takashi
通讯作者: SHIMIZU Takashi