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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17795| Title: | Complementarities in Corporate Governance - A Survey of the Literature with Special Emphasis on Japan |
| Keywords: | D23 G30 ddc:330 Corporate governance Complementarity Agency problem Japan Corporate Governance Gesellschaftsrecht Agency Theory Institutionalismus Unternehmensentwicklung Vergleich Japan Vereinigte Staaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17795 |
| Other Identifiers: | http://hdl.handle.net/10419/17795 ppn:303447540 |
| Appears in Collections: | EconStor |
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