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Complementarities in Corporate Governance - A Survey of the Literature with Special Emphasis on Japan

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dc.creator Heinrich, Ralph P.
dc.date 1999
dc.date.accessioned 2013-10-16T06:56:50Z
dc.date.available 2013-10-16T06:56:50Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17795
dc.identifier ppn:303447540
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17795
dc.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.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 947
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject D23
dc.subject G30
dc.subject ddc:330
dc.subject Corporate governance
dc.subject Complementarity
dc.subject Agency problem
dc.subject Japan
dc.subject Corporate Governance
dc.subject Gesellschaftsrecht
dc.subject Agency Theory
dc.subject Institutionalismus
dc.subject Unternehmensentwicklung
dc.subject Vergleich
dc.subject Japan
dc.subject Vereinigte Staaten
dc.title Complementarities in Corporate Governance - A Survey of the Literature with Special Emphasis on Japan
dc.type doc-type:workingPaper


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