By Hugh Whittaker. This paper reviews some of the recent writing on financialization and its effects in developing countries. Acknowledging the positive role of finance in development, it argues that beyond a certain point of ‘financial deepening’ there are negative consequences. Financialization affects the economy, and also the state.
« Japanese political economy revisited: diverse corporate change, institutional transformation, and Abenomics »
By David Chiavacci and Sébastien Lechevalier, in Japan Forum (2017).
« Understanding institutional change in Asia: A comparative perspective with Europe », 15-17 September, 2016, Tokyo
Discussion Paper Series 2017 #01: « Institutional investors, corporate social responsibility, and stock price performance »
The launch of the United Nations Global Compact Principles for Responsible Investment (PRI) in 2006 prompted the Japanese government to emphasize corporate social responsibility (CSR) in investment policies and put pressure on institutional investors to monitor environmental and social performance.
Differential Impact of Uncertainty on Exporting Decision in Risk-averse and Risk-taking Firms: Evidence from Korean Firms
By Haeng-sun KIM, published in Seoul Journal of Economics 2016, Vol. 29, No. 3, August 2016, p. 379-409
By Haengsun KIM, published in International Economics, Volume 148, December 2016, Pages 41–58.
The 15th EAJS International Conference will be held from 30 August to 2 September 2017 in Lisbon, Portugal. The European Association for Japanese Studies invites paper and panel proposals for the forthcoming 15th EAJS International Conference. Panel and paper proposals should be written in English and submitted no later than 14 December 2016.
The Khazanah Institute, the French Embassy in Malaysia and the Malaysia France University Centre are organizing the Franco-Malaysian international conference entitled « The Malaysian capitalism in comparative perspective », which will take place on 7-8th November 2016 Kuala Lumpur.
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.