The Resource Corporate Governance and Corporate Behavior in Japan : The Consequences of Stock Options and Corporate Diversification, by Masaharu Hanazaki, (electronic resource)

Corporate Governance and Corporate Behavior in Japan : The Consequences of Stock Options and Corporate Diversification, by Masaharu Hanazaki, (electronic resource)

Label
Corporate Governance and Corporate Behavior in Japan : The Consequences of Stock Options and Corporate Diversification
Title
Corporate Governance and Corporate Behavior in Japan
Title remainder
The Consequences of Stock Options and Corporate Diversification
Statement of responsibility
by Masaharu Hanazaki
Creator
Author
Author
Subject
Language
eng
Summary
This book carefully examines the effects of changes in the corporate governance structure on corporate behavior or company performance, using micro-data from listed companies in Japan. The author found that in Japan the introduction of stock options had neither a positive impact on profitability nor the negative side effects of promoting risk-taking behaviors. Furthermore, he found that corporate diversification and division of corporations showed negative impacts on profitability. The corporate governance structure of Japan has exhibited a large change from the second half of the 1990s to the present. There have been institutional reforms involving enterprise law, such as the introduction of stock options and the removal of the ban on holding companies. With respect to the ownership structure of a company, discernible trends are that the equity holdings of financial institutions and business corporations have fallen while the presence of foreign stockholders has risen. These trends are often pointed out as signs that the Japanese corporate governance structure has been approaching the American model and that this will energize Japanese firms. The author contradicts common academic theories, however, and concludes that the formation of the corporate governance which emphasizes the agency problem between shareholders and corporate managers is inadequate. He suggests that an institutional arrangement for a corporate governance system that values a variety of stakeholders' interests is greatly needed and concludes that perspectives on maximizing surplus values for various stakeholders and distributing the surpluses appropriately among the stakeholders will become increasingly important for the purpose of managing corporations
Member of
http://library.link/vocab/creatorName
Hanazaki, Masaharu
Dewey number
658.4
http://bibfra.me/vocab/relation/httpidlocgovvocabularyrelatorsaut
KCgdOHRlIv4
Image bit depth
0
LC call number
HD2741-HD2749
Literary form
non fiction
Nature of contents
dictionaries
Series statement
Development Bank of Japan Research Series,
http://library.link/vocab/subjectName
  • Corporate governance
  • Corporate Governance
Label
Corporate Governance and Corporate Behavior in Japan : The Consequences of Stock Options and Corporate Diversification, by Masaharu Hanazaki, (electronic resource)
Instantiates
Publication
Antecedent source
mixed
Bibliography note
Includes bibliographical references at the end of each chapters
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
1. Introduction -- 2. Institutional characteristics and effects of a stock option -- 3. Empirical analysis of a stock option -- 4. Related studies of corporate diversification -- 5. Corporate diversification of Japanese firms -- 6. Empirical analyses of corporate diversification and division of corporations -- 7. Main results and their interpretation
Dimensions
unknown
Edition
1st ed. 2016.
Extent
1 online resource (XI, 88 p. 7 illus., 5 illus. in color.)
File format
multiple file formats
Form of item
online
Isbn
9784431560067
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.1007/978-4-431-56006-7
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
  • (CKB)3710000000765199
  • (DE-He213)978-4-431-56006-7
  • (MiAaPQ)EBC4616009
  • (EXLCZ)993710000000765199
Label
Corporate Governance and Corporate Behavior in Japan : The Consequences of Stock Options and Corporate Diversification, by Masaharu Hanazaki, (electronic resource)
Publication
Antecedent source
mixed
Bibliography note
Includes bibliographical references at the end of each chapters
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
1. Introduction -- 2. Institutional characteristics and effects of a stock option -- 3. Empirical analysis of a stock option -- 4. Related studies of corporate diversification -- 5. Corporate diversification of Japanese firms -- 6. Empirical analyses of corporate diversification and division of corporations -- 7. Main results and their interpretation
Dimensions
unknown
Edition
1st ed. 2016.
Extent
1 online resource (XI, 88 p. 7 illus., 5 illus. in color.)
File format
multiple file formats
Form of item
online
Isbn
9784431560067
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.1007/978-4-431-56006-7
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
  • (CKB)3710000000765199
  • (DE-He213)978-4-431-56006-7
  • (MiAaPQ)EBC4616009
  • (EXLCZ)993710000000765199

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