Étiqueté : corporate governance

Japanese Political Economy Revisited: Abenomics and Institutional Change

This special issue starts with a short summary of the changing perceptions of Japan’s political economy from its meteoric rise as worldwide leading model in the 1970s and 1980s to its demotion to a problem and reform case since the later 1990s. Based on this overview, it identifies some striking issue and open questions in this conventional view of Japan’s political economy as problem and the high expectations on Abenomics as Japan’s current economic reform programme. Then we discuss the articles of the special issue and their new contributions to a better understanding of the developments at the corporate level as well as institutional change and economic reforms at the macro level in the last two decades.

Discussion Paper Series 2017 #04: « Understanding Corporate Responsibility in Japanese Capitalism: Some Comparative Observations »

By Gregory Jackson and Julia Bartosch. This paper discusses cross-country patterns of corporate responsibility with an interface to the discussion of a variety of capitalisms, and how corporate responsibility mirrors or substitutes for institutionalized forms of coordination.

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.