IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789813276086_0001.html
   My bibliography  Save this book chapter

Purpose of a Business Corporation

In: Corporate Governance System of Japanese Multinational Companies A Quantitative Evaluation

Author

Listed:
  • Dipak Basu
  • Victoria Miroshnik

Abstract

The purpose of a corporation in Japan differs from that in the West. While the latter is aimed primarily to provide profits for shareholders, Japanese corporations exist fundamentally to produce economic value to Japan as a nation. Creation of employment to the Japanese people is the highest priority of the Japanese corporations. Given this difference in corporate purpose, Western i.e., Anglo-American notions of corporate governance have limited applicability in Japan. While the West emphasizes the relationship between shareholders, management, and the Board of Directors, Japanese corporations are dedicated to their stakeholders, i.e., the employees, customers, suppliers, creditors, and community…

Suggested Citation

  • Dipak Basu & Victoria Miroshnik, 2019. "Purpose of a Business Corporation," World Scientific Book Chapters, in: Corporate Governance System of Japanese Multinational Companies A Quantitative Evaluation, chapter 1, pages 1-2, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813276086_0001
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789813276086_0001
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789813276086_0001
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Corporate Governance; Japanese Companies; Organizational Efficiency; Quantitative Method to Analyze Corporate Governance;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789813276086_0001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.