Corporate Governance and Corporate Behavior in Japan ― The Consequences of Stock Options and Corporate Diversification
商品資訊
系列名：Development Bank of Japan Research
ISBN13：9784431560043
出版社：Springer Verlag
作者：Masaharu Hanazaki
出版日：2016/08/08
裝訂：平裝
規格：23.5cm*15.5cm (高/寬)
商品簡介
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 theories, however, and concludes that the formation of the corporate governance which emphasizes the agency problem between shareholders and corporate managers is inadequate. He suggests that an institutional arrangement for a corporate governance system that values a variety of stakeholders' interests is greatly needed and concludes that perspectives on maximizing surplus values for various stakeholders and distributing the surpluses appropriately among the stakeholders will become increasingly important for the purpose of managing corporations.
作者簡介
Masaharu Hanazaki is a professor at the Graduate School of Commerce and Management, Hitotsubashi University. He graduated from Waseda University in 1979 and joined the Japan Development Bank. He was a Director General and the Executive Director of the Research Institute of Capital Formation of the Development Bank of Japan (DBJ) from October 2003 to March 2012. After retiring from the DBJ in March 2012, he immediately assumed his current position at Hitotsubashi University. His main fields of research are corporate finance, corporate governance, financial systems, and the Japanese economy. His major English articles include:
?
“Corporate Governance and Investment in East Asian Firms—Empirical Analysis of Family-Controlled Firms” (with Qun Liu), Journal of Asian Economics, 18, 76–97, 2007
?
“A Review of Japan’s Bank Crisis from the Governance Perspective” (with Akiyoshi Horiuchi), Pacific-Basin Finance Journal, 11, 305–325, 2003
?
“Is Japan’s Financial System Efficient?” (with Akiyoshi Horiuchi) Oxford Review of Economic Policy, Vol. 16, No. 2, 61–73, 2000
?
His English book publications include:
?
Designing Financial Systems in East Asia and Japan, (Joseph P. H. Fan, Masaharu Hanazaki, and Juro Teranishi, eds.) Routledge Curzon, 2004
?“A Vacuum of Governance in Japanese Bank Management,” (with Akiyoshi Horiuchi) in Banking, Capital Markets and Corporate Governance (Hiroshi Osano and Toshiaki Tachibanaki, eds.), Palgrave, pp. 133–180, 2001
您曾經瀏覽過的商品
購物須知
外文書商品之書封，為出版社提供之樣本。實際出貨商品，以出版社所提供之現有版本為主。部份書籍，因出版社供應狀況特殊，匯率將依實際狀況做調整。
無庫存之商品，在您完成訂單程序之後，將以空運的方式為你下單調貨。為了縮短等待的時間，建議您將外文書與其他商品分開下單，以獲得最快的取貨速度，平均調貨時間為1~2個月。
為了保護您的權益，「三民網路書店」提供會員七日商品鑑賞期(收到商品為起始日)。
若要辦理退貨，請在商品鑑賞期內寄回，且商品必須是全新狀態與完整包裝(商品、附件、發票、隨貨贈品等)否則恕不接受退貨。