Complementarities in Corporate Governance - A Survey of the Literature with Special Emphasis on Japan

Arbeitspapier

The present paper uses a comparison of Japan and the US to argue that the debate about corporate governance reform is best framed in terms of systems of complementary instruments and institutions. It argues that the Japanese and US systems of corporate governance differ along many dimensions, yet can both be understood as efficient combinations of complementary instruments adapted to a particular institutional and regulatory environment. The paper also shows how exogenous shocks and piecemeal regulatory reforms have undermined the internal consistency of the Japanese system in the recent past.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Kiel Working Paper ; No. 947

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Organizational Behavior; Transaction Costs; Property Rights ; Corporate Finance and Governance: General
• Thema: Corporate governance ; Complementarity ; Agency problem ; Japan ; Corporate Governance ; Gesellschaftsrecht ; Agency Theory ; Institutionalismus ; Unternehmensentwicklung ; Vergleich ; Japan ; Vereinigte Staaten

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Heinrich, Ralph P.
• Ereignis: Veröffentlichung
• (wer): Kiel Institute of World Economics (IfW)
• (wo): Kiel
• (wann): 1999

Weitere Informationen

• Handle: http://hdl.handle.net/10419/17795
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ