Shareholder capitalism comes to Japan
The current debate about corporate governance in Japan revolves around two axes. First, the nationalist axis sets the desirability of introducing changes seen as conforming to global (i.e., American) standards against the desirability of preserving valuable elements of Japanese tradition. Second,the class axis, which is about framing the law to give pre-eminent consideration to the interests of owners vis-à-visthe retention of substantial rights for employees. In the former dimension, Enron and World Com have led to some reversal of Americanising trends, but the shift in institutions and establishment ideology on the second dimension has been, and continues to be, one way – emphasising the power and interests of shareholders. It is no exaggeration to say that a quiet shareholder revolution has taken place in Japan.
|Date of creation:||Jan 2007|
|Contact details of provider:|| Web page: http://www.ttu.ee/hum|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:tth:wpaper:11. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oliver Lillepruun)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.