Bericht

Japanese corporate governance and strategy: Adapting to financial pressures for change

Despite the crisis in the Japanese financial sector, prolonged recession, and competitive challenges, Japan's formidable productive system remains strong. Nevertheless, the system of corporate governance, which has pursued a strategy of retaining corporate revenues and reallocating labor resources and returns to labor in order to invest in productive capabilities, faces short-term pressures from a transformation of the financial sector and long-term pressures from the growth of intergenerational dependence. Current reforms seek to generate funding for the pension system and profits for financial enterprises from international securities and money markets. These reforms seem to work within the corporate governance framework that emphasizes the retain-and-reallocate strategy, but the question is whether they will create powerful pressures to extract returns from the domestic economy, thereby affecting how corporations are managed and resources allocated.

ISBN
0941276651
Language
Englisch

Bibliographic citation
Series: Public Policy Brief ; No. 48

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Lazonick, William H.
Event
Veröffentlichung
(who)
Levy Economics Institute of Bard College
(where)
Annandale-on-Hudson, NY
(when)
1998

Handle
Last update
10.03.20252025, 11:44 AM CET

Data provider

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Object type

  • Bericht

Associated

  • Lazonick, William H.
  • Levy Economics Institute of Bard College

Time of origin

  • 1998

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