In Japan, since 2013, Japanese corporate governance reform has been developed by Japanese Government initiatives. This … paper provides a theoretical framework for understanding what Japanese corporate governance reform means for Japanese … deriving from an agency relationship between shareholders and managers. New Japanese reform further develops previously …

Japanese corporate governance reform is implemented by an introduction of corporate governance code and stewardship … principal cost theory, could support a conceptual framework of governance reform and analyzed that as an important function for … agency cost reduction. In order to make governance reform more effective, I make several proposals, cost sharing of …