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Traditional Practices of Corporate Governance in Japan

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

Author

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  • Dipak Basu
  • Victoria Miroshnik

Abstract

The corporate governance of Japanese companies is often described as “Contingent Governance” or “Emergency Governance”. This implies that the management are quite free in their day-to-day operations, but in a crisis situation, the main banks take over the management. This structure is supported by three major features (Yasui, 1999). These are as follows:homogeneous and hierarchical Board of Directors;silent shareholders;monitoring by banks.

Suggested Citation

  • Dipak Basu & Victoria Miroshnik, 2019. "Traditional Practices of Corporate Governance in Japan," World Scientific Book Chapters, in: Corporate Governance System of Japanese Multinational Companies A Quantitative Evaluation, chapter 2, pages 3-5, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813276086_0002
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    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

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