IDEAS home Printed from https://ideas.repec.org/a/bla/corgov/v13y2005i3p447-457.html
   My bibliography  Save this article

Does Corporate Governance Matter? Why the Corporate Performance of Toyota and Canon is Superior to GM and Xerox

Author

Listed:
  • Masaru Yoshimori

Abstract

In this exploratory comparative study of Toyota/GM and Canon/Xerox, the author purports to explain why the 10‐year performance of Toyota and Canon, despite their traditional Japanese primacy on job security, large board size and absence of non‐executive directors, is superior to that of their US rivals. The author compares the key stakeholder and the board structure as well as corporate values, culture and strategy of the sample firms and concludes that higher performance is possible without resorting to US‐style corporate governance, and proposes that corporate values, culture and strategy are equally vital ingredients of corporate success.

Suggested Citation

  • Masaru Yoshimori, 2005. "Does Corporate Governance Matter? Why the Corporate Performance of Toyota and Canon is Superior to GM and Xerox," Corporate Governance: An International Review, Wiley Blackwell, vol. 13(3), pages 447-457, May.
    • Handle: RePEc:bla:corgov:v:13:y:2005:i:3:p:447-457
    DOI: 10.1111/j.1467-8683.2005.00439.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-8683.2005.00439.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-8683.2005.00439.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ormazábal, Gaizka, 2018. "The Role of Stakeholders in Corporate Governance: A View from Accounting Research," Foundations and Trends(R) in Accounting, now publishers, vol. 11(4), pages 193-290, February.
    2. Chowdhury, Shamsud D., 2014. "Strategic roads that diverge or converge: GM and Toyota in the battle for the top," Business Horizons, Elsevier, vol. 57(1), pages 127-136.
    3. Theo Renou & René Carraz & Thierry Burger-Helmchen, 2023. "Japan’s Corporate Governance Transformation: Convergence or Reconfiguration?," Administrative Sciences, MDPI, vol. 13(6), pages 1-17, May.
    4. Theo Renou & René Carrraz & Thierry Burger-Helmchen, 2023. "Japan’s Corporate Governance Transformation: Convergence or Reconfiguration? », Administrative sciences," Post-Print hal-04110803, HAL.
    5. Meelen, Toon & Herrmann, Andrea M. & Faber, Jan, 2017. "Disentangling patterns of economic, technological and innovative specialization of Western economies: An assessment of the Varieties-of-Capitalism theory on comparative institutional advantages," Research Policy, Elsevier, vol. 46(3), pages 667-677.
    6. Ormazabal, Gaizka, 2018. "The Role of Stakeholders in Corporate Governance: A View from Accounting Research," CEPR Discussion Papers 12775, C.E.P.R. Discussion Papers.
    7. Yonekura, Akira & Gallhofer, Sonja & Haslam, Jim, 2012. "Accounting disclosure, corporate governance and the battle for markets: The case of trade negotiations between Japan and the U.S," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 23(4), pages 312-331.
    8. Toru Yoshikawa & Jean McGuire, 2008. "Change and continuity in Japanese corporate governance," Asia Pacific Journal of Management, Springer, vol. 25(1), pages 5-24, January.
    9. Windsor, Duane, 2009. "Tightening corporate governance," Journal of International Management, Elsevier, vol. 15(3), pages 306-316, September.
    10. Muhammad Shafiq & Adeel Akhtar & Muhammad Ismail & Muhammad Awais, 2021. "Lean Management Readiness Assessment Framework For Humanitarian Organizations Supply Chain Management," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 10(3), pages 151-171, September.
    11. Mitsuru Mizuno & Isaac T. Tabner, 2009. "Corporate Governance In Japan And The Uk: Codes, Theory And Practice," Pacific Economic Review, Wiley Blackwell, vol. 14(5), pages 622-638, December.
    12. Nakano, Makoto & Nguyen, Pascal, 2012. "Board size and corporate risk-taking: Further evidence from Japan," MPRA Paper 38990, University Library of Munich, Germany.

    More about this item

    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:bla:corgov:v:13:y:2005:i:3:p:447-457. 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: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0964-8410&site=1 .

    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.