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Legal Reform and Shareholder Activism by Institutional Investors in Japan


  • Takaya Seki


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. Copyright Blackwell Publishing Ltd 2005.

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

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    References listed on IDEAS

    1. Dore, Ronald, 2000. "Stock Market Capitalism: Welfare Capitalism: Japan and Germany versus the Anglo-Saxons," OUP Catalogue, Oxford University Press, number 9780199240616, June.
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    Cited by:

    1. 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.
    2. 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.
    3. Jean McGuire & Sandra Dow, 2009. "Japanese keiretsu: Past, present, future," Asia Pacific Journal of Management, Springer, vol. 26(2), pages 333-351, June.
    4. 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.
    5. 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.
    6. repec:eee:corfin:v:45:y:2017:i:c:p:245-261 is not listed on IDEAS

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