Corporate Governance in Japan: Institutional Change and Organizational Diversity (review)

Abstract

Debates regarding corporate governance have become increasingly important in Japan as the post-war model of bank-based, stakeholder-oriented corporate governance faces the new pressures associated with globalization and growing investor demands for shareholder value. Bringing together a group of leading scholars from economics, law, sociology and management studies, this book looks at how the Japanese approach to corporate governance and the firm have changed in the post-bubble era. The contributions offer a unique empirical exploration of why and how Japanese firms are reshaping their corporate governance arrangements, leading to greater diversity among firms and new 'hybrid' forms of corporate governance. The book concludes by looking at what effect these incremental but transformative changes may have on Japan's distinctive variety of capitalism. Contributors to this volume - Masahiro Abe, Dokkyo University Christine Ahmadjian, Hitotsubashi University Haruhiko Ando, Ministry of Economy, Trade and Industry (METI) Masahiko Aoki, Stanford University Yasuhiro Arikawa, Waseda University Ronald Dore, LSE Nobuyuki Hata, Kokugakuin University Osamu Hayashida, Osaka University of Economics Takeo Hoshi, University of California, San Diego Yoshiaki Ishii, Ministry of Economy, Trade and Industry (METI) Hideshi Itoh, Hitotsubashi University Gregory Jackson, Kings College, London Tatsuya Kikutani, Kyoto University Fumiaki Kuroki, NLI Research Institute Hideaki Miyajima, Waseda University Mari Sako, Said Business School Zenichi Shishido, Seikei University Peng Xu, Hosei University