IDEAS home Printed from https://ideas.repec.org/a/bla/corgov/v13y2005i3p377-385.html
   My bibliography  Save this article

Legal Reform and Shareholder Activism by Institutional Investors in Japan

Author

Listed:
  • Takaya Seki

Abstract

Corporate Governance has become a widely discussed topic in Japan among academics and practitioners. But companies, protected under a tight system of cross‐shareholding, seem slow to adopt new models accepted outside Japan. This article discusses the changes in the composition of shareholding, which together with legal changes are leading to greater awareness among Japanese companies of corporate governance as well as greater shareholder activism.

Suggested Citation

  • Takaya Seki, 2005. "Legal Reform and Shareholder Activism by Institutional Investors in Japan," Corporate Governance: An International Review, Wiley Blackwell, vol. 13(3), pages 377-385, May.
    • Handle: RePEc:bla:corgov:v:13:y:2005:i:3:p:377-385
    DOI: 10.1111/j.1467-8683.2005.00432.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-8683.2005.00432.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-8683.2005.00432.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. Emmanuel Adegbite & Kenneth Amaeshi & Olufemi Amao, 2012. "The Politics of Shareholder Activism in Nigeria," Journal of Business Ethics, Springer, vol. 105(3), pages 389-402, February.
    2. Motohiro Nakauchi & Margarethe F. Wiersema, 2015. "Executive succession and strategic change in Japan," Strategic Management Journal, Wiley Blackwell, vol. 36(2), pages 298-306, February.
    3. Sandra Dow & Jean McGuire & Toru Yoshikawa, 2011. "Disaggregating the group effect: Vertical and horizontal keiretsu in changing economic times," Asia Pacific Journal of Management, Springer, vol. 28(2), pages 299-323, June.
    4. Ralf Bebenroth & Donghao Li, 2006. "Performance Impact at the Board Level: Corporate Governance in Japan," Discussion Paper Series 179, Research Institute for Economics & Business Administration, Kobe University.
    5. Hideaki Sakawa & Naoki Watanabel & Junjian Gu, 2021. "The Internationalization and Voluntary Adoption of International Accounting Standards by Japanese MNEs," Management International Review, Springer, vol. 61(5), pages 713-744, October.
    6. 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.
    7. Katsuhiko Muramiya & Tomomi Takada, 2020. "How cross‐shareholding influences financial reporting: Evidence from Japan," Corporate Governance: An International Review, Wiley Blackwell, vol. 28(5), pages 309-326, September.
    8. Jean McGuire & Sandra Dow, 2009. "Japanese keiretsu: Past, present, future," Asia Pacific Journal of Management, Springer, vol. 26(2), pages 333-351, June.
    9. Schmid, Stefan & Roedder, Felix, 2021. "Gaijin invasion? A resource dependence perspective on foreign ownership and foreign directors," International Business Review, Elsevier, vol. 30(6).
    10. Richard A. Johnson & Karen Schnatterly & Scott G. Johnson & Shih-Chi Chiu, 2010. "Institutional Investors and Institutional Environment: A Comparative Analysis and Review," Journal of Management Studies, Wiley Blackwell, vol. 47(s2), pages 1590-1613, December.
    11. Jais, Mohamad & Abdul Karim, Bakri & Funaoka, Kenta & Abidin, Azlan Zainol, 2009. "Dividend Announcements and Stock Market Reaction," MPRA Paper 19779, University Library of Munich, Germany.
    12. Yeh, Tsung-ming, 2017. "Determinants and consequences of shareholder proposals: The cases of board election, charter amendment, and profit disposal," Journal of Corporate Finance, Elsevier, vol. 45(C), pages 245-261.
    13. Hideaki Sakawa & Naoki Watanabel, 2020. "Institutional Ownership and Firm Performance under Stakeholder-Oriented Corporate Governance," Sustainability, MDPI, vol. 12(3), pages 1-21, January.
    14. 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.
    15. Pascal Back & Oskar Colombo, 2022. "Shaping CEOs’ future focus through shareholder activism: the role of proposal characteristics," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(1), pages 255-286, March.

    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:377-385. 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.