書(shū)目名稱 | Corporate Governance and Corporate Behavior in Japan |
副標(biāo)題 | The Consequences of |
編輯 | Masaharu Hanazaki |
視頻video | http://file.papertrans.cn/239/238478/238478.mp4 |
概述 | Examines the traditional characteristics of corporate governance structure in Japan, and clarifies its recent institutional changes.Analyzes the effects of the introduction of stock options on corpora |
叢書(shū)名稱 | SpringerBriefs in Economics |
圖書(shū)封面 |  |
描述 | This book carefully examines the effects of changes in the corporate governance structure on corporate behavior or company performance, using micro-data from listed companies in Japan. The author found that in Japan the introduction of stock options had neither a positive impact on profitability nor the negative side effects of promoting risk-taking behaviors. Furthermore, he found that corporate diversification and division of corporations showed negative impacts on profitability..The corporate governance structure of Japan has exhibited a large change from the second half of the 1990s to the present. There have been institutional reforms involving enterprise law, such as the introduction of stock options and the removal of the ban on holding companies. With respect to the ownership structure of a company, discernible trends are that the equity holdings of financial institutions and business corporations have fallen while the presence of foreign stockholders has risen.These trends are often pointed out as signs that the Japanese corporate governance structure has been approaching the American model and that this will energize Japanese firms..The author contradicts common academic |
出版日期 | Book 2016 |
關(guān)鍵詞 | corporate diversification; corporate governance; corporate governance in Japan; corporate performance; s |
版次 | 1 |
doi | https://doi.org/10.1007/978-4-431-56006-7 |
isbn_softcover | 978-4-431-56004-3 |
isbn_ebook | 978-4-431-56006-7Series ISSN 2191-5504 Series E-ISSN 2191-5512 |
issn_series | 2191-5504 |
copyright | Development Bank of Japan 2016 |