The monitoring model of the board of directors is influential worldwide despite being criticized from several perspectives. This article will examine the multi-dimensional roles—which include not only its monitoring role but also its role as a creator of synergistic effects—of the board from...

Japanese corporate governance has long attracted attention from scholars due to its stark differences from the Anglo-Saxon model. Indeed, scholars have pointed to the unique aspects of Japanese governance to explain Japan's economic miracle, only to reverse their view, citing it as a major...

Joint ventures and venture companies present examples of the incomplete contract for economists and the relational contract for legal scholars. Although they have different practical settings, they share the issue of how parties manage the incentive for cooperation. The parties' ultimate goal is...