Abenomics initially generated high expectations, but the mood has currently shifted to present it as another failed economic experiment. Opinions on Abenomics are however often closed to caricatures. It is thus crucial to provide a critical and balanced evaluation.
Discussion Paper Series 2016 #06 : «The Evolution of the Ict Start-Up Eco-System in Japan: From Corporate Logic to Venture Logic?»
This paper uses the notion of institutional logics to advance our understanding of institutional change in the ICT start-up eco-system in Japan. We chose to study ICT start-ups because the rates of entry, growth, and exit are faster in this sector than in others, making it easier to observe institutional change.
Seminaire doctoral de la Maison franco-japonaise : Économie Politique de la Promotion des Startups en Corée du Sud
Cette présentation de Pauline Debanes porte sur les transformations institutionnelles sous-jacentes à l’émergence et au développement de l’écosystème des startups en Corée du Sud depuis la fin des années 1990. Les aspects clés mis en avant sont : le contexte plus général de financiarisation et le rôle de l’État.
Discussion Paper Series 2016 #05 : « The impact of changes in Japanese tender offer regulations on bidder behavior and shareholder gains »
Japanese regulators have undertaken several adjustments to the rules governing the market for corporate control beginning with the 1990 introduction of mandatory bid rules (MBR) for tender offers. However, the adoption of an MBR alone did not initially contribute to an active tender offer market, nor did it adequately protect targets’ minority shareholders.
The 2nd annual meeting of the INCAS project will be held at Waseda University (Tokyo, Japan), from 15th to 17th September 2016.
Discussion Paper Series 2016 #04 : « Toward a Conceptual Framework for Understanding Institutional Change in Japanese Capitalism: Structural Transformations and Organizational Diversity »
By Gregory Jackson. The literature on comparative capitalism sees institutions largely as a set of incentives and constraints on rational behavior of business enterprises. Institutions constrain economic action, but also create new opportunities for economic action.
Discussion Paper Series 2016 #03 : « Does Ownership Really Matter? : The Role of Foreign Investors in Corporate Governance in Japan »
After the banking crisis of 1997, corporate ownership in Japan shifted from an insider-dominated to an outsider-dominated structure. This paper analyzes the impact of dramatic changes in the ownership structure on corporate governance and firm value, focusing on the role of foreign institutional investors.
Angelo Riva will held a special seminar at the Institute for Monetary and Economic Studies(IMES), Bank of Japan, Tokyo on June 27th, 2016.
A series of conferences by Kathleen Thelen, Ford Professor of Political Science at the Massachusetts Institute of Technology and Directrice d’étude invitée at the EHESS (june 2016).
In this paper, we introduce a financial dimension as an additional source of firm heterogeneity to understand export market participation, and examine how the impact of leverage on firms’ exporting decisions varies depending on financial constraints, using a panel of 3,353 Korean manufacturing firms over the period of 1994-2011.
The purpose of this article is to analyze the revival of industrial policies from the late 2000s in Japan and Korea and their limitations.
Angelo Riva will be taking part of the Organizational and Financial Economics Seminar organised by the Waseda Institute for Advanced Studies, on May 16th, 2016.
Parution de « Leçons de l’expérience Japonaise. Vers une autre politique économique ? » par Sébastien Lechevalier et Brieuc Monfort aux Editions de l’ENS, collection CEPREMAP, avril 2016.
This lunch seminar offers a presentation followed by a discussion dedicated to a specific issue of the time and aims to bring a better understanding of Japanese economy and society.
This issue of Entreprises et Histoire derives from a joint congress of the Business History Society of Japan and the European Business History Association held in Paris in 2012.