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Japan, corporate organizational reform and the global financial crisis: the case of Shinsei Bank

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  • Chie Yorozu
  • Leo McCann
  • John Hassard
  • Jonathan Morris

Abstract

Japanese firms are renowned for being change-averse, even after financial crises. On the basis of a case study of Shinsei Bank, a highly symbolic example of radical attempted change, this paper explores the difficulties of reconciling two very different socio-economic models -- Japanese and American. An interview-based study of current and former Shinsei bankers suggests that Japan's ‘refusal to change’ is more to do with understandable employee reactions rather than a problematic strategic ‘dysfunction’. While perhaps an extreme example, the Shinsei case highlights how difficult it is to see beyond a scenario of measured and evolutionary change in Japan after the global financial crisis.

Suggested Citation

  • Chie Yorozu & Leo McCann & John Hassard & Jonathan Morris, 2013. "Japan, corporate organizational reform and the global financial crisis: the case of Shinsei Bank," Asia Pacific Business Review, Taylor & Francis Journals, vol. 19(2), pages 200-216, April.
    • Handle: RePEc:taf:apbizr:v:19:y:2013:i:2:p:200-216
    DOI: 10.1080/13602381.2013.767636
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    References listed on IDEAS

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    1. Amsden, Alice H., 1992. "Asia's Next Giant: South Korea and Late Industrialization," OUP Catalogue, Oxford University Press, number 9780195076035.
    2. Schmidt, Vivien A., 2002. "The Futures of European Capitalism," OUP Catalogue, Oxford University Press, number 9780199253685.
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    Cited by:

    1. Peter Matanle & Kuniko Ishiguro & Leo McCann, 2014. "Popular Culture and Workplace Gendering among Varieties of Capitalism: Working Women and their Representation in Japanese Manga," Gender, Work and Organization, Wiley Blackwell, vol. 21(5), pages 472-489, September.
    2. Gregory Jackson, 2016. "Toward a Conceptual Framework for Understanding Institutional Change in Japanese Capitalism: Structural Transformations and Organizational Diversity," Working Papers halshs-01643921, HAL.

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