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reforms in Japan. A hybrid model of corporate governance has been emerging in which companies selectively combine the features …
Persistent link: https://www.econbiz.de/10010494542
Is the harmonization of financial regulatory regimes possible in East Asia? Focusing on corporate governance, which many see as a critical part of the 1997 Asian financial crisis, and which is also seen as unresponsive to calls for change, this paper argues that such harmonization is possible,...
Persistent link: https://www.econbiz.de/10008907786
reforms in Japan. A hybrid model of corporate governance has been emerging in which companies selectively combine the features … of the traditional stakeholder based approach with those of the shareholder oriented system. -- Japan ; corporate …
Persistent link: https://www.econbiz.de/10009719164
s were the banks, who provided credit to companies as well as being shareholders. Corporate governance in Japan was …, started to disclose policy and results of proxy voting. In February 2014, pursuant to the recommendation of the “Japan … Revitalization Strategy 2013”, Japan’s Stewardship Code was published and it is now expected that institutional shareholders play a …
Persistent link: https://www.econbiz.de/10011402462
Is the harmonization of financial regulatory regimes possible in East Asia? Focusing on corporate governance, which many see as a critical part of the 1997 Asian financial crisis, and which is also seen as unresponsive to calls for change, this paper argues that such harmonization is possible,...
Persistent link: https://www.econbiz.de/10013128195
The recent global financial crisis contributes for recognizing the importance of corporate governance mechanisms in the banking industry. Although mixed evidence is associated with the role of board of directors in non-financial industries, a few analyses have been made of the relation between...
Persistent link: https://www.econbiz.de/10013128491
We construct a governance index based on several attributes known to be associated with good corporate governance. After checking that the index is positively associated with standard indicators of firm performance, we use it to evaluate the returns on governance-sorted portfolios. Our main...
Persistent link: https://www.econbiz.de/10013134444
with the discussions in Europe and the US, the arguments in Japan miss the point that the possibility of takeover is an … the core of the arguments on this issue in Europe and the US, were never seriously considered in Japan …
Persistent link: https://www.econbiz.de/10013134805
Previous studies offer evidence that foreign investors invest less money in countries or firms with weak corporate governance structures (Aggarwal et al. 2005; Dahlquist et al. 2003; Kim et al. 2010; Leuz et al. 2009). Investigating Japanese companies that go public during the 1997-2002 period, we find that...
Persistent link: https://www.econbiz.de/10013138981
We analyze the characteristics of the firms that introduce anti-takeover provisions using a Japanese firm-level dataset. We find that the likelihood of the adoption of antitakeover provisions is correlated positively with firm age and the proportion of cross-shareholding and negatively with the...
Persistent link: https://www.econbiz.de/10013120812