The next INCAS annuel meeting will take place at Free University of Berlin (FUB), from 20th Septembre to 22nd Septembre 2018.
Financialization and industrial policies in Japan and Korea: Evolving institutional complementarities and loss of state capabilities
By Sébastien Lechevalier (EHESS), Pauline Debanes (EHESS) and Wonkyu Shin (Kyung Hee University)
The purpose of this article is to analyze the revival of industrial policies from the late 2000 s in Japan and Korea and their limitations.
Ce dossier, publié dans le numéro 21 de la Revue de la Régulation, est consacré à l’espèce particulière de capitalisme qui se développe aujourd’hui en Chine. Le numéro est dirigé par Robert Boyer, co-fondateur de la Théorie de la Régulation et de la Revue du même nom, et Sébastien Lechevalier (EHESS).
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.
25th and 26th of May 2017 at St Antony’s College, University of Oxford
Steven Vogel (University of California, Berkeley), visiting professor at the EHESS, will give a series of lectures entitled « Marketcraft » in June 2017.
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.
The third INCAS annuel meeting will take place at the St Antony’s College, University of Oxford, from 25th May to 26th May 2017.
Discussion Paper Series 2017 #03: « Changes in the Corporate Governance System and Presidential Turnover »
By Hideaki Miyajima, Ryo Ogawa and Takuji Saito. The article aims to shed light on how changes in the corporate governance system for Japanese firms since the 1990s have influenced presidential turnover.
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.