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Title: Change and continuity in recent Japanese corporate governance practice
Author: Buchanan, J. S.
Awarding Body: University of Cambridge
Current Institution: University of Cambridge
Date of Award: 2006
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This dissertation addresses the research questions: “Do recent changes to formal and informal corporate governance structures in Japan indicate the beginnings of a general transformation there? Do they signify the alignment of Japanese practice to an ‘Anglo-American’ paradigm? In particular, what do these changes suggest with regard to the processes of institutional diversity, change, transplantation, and hybridisation?” The research questions were approached mainly through a qualitative empirical study of opinions on corporate governance from officers at a group of Japanese companies, Japanese and foreign investors, government ministries, associations, and other bodies active in Japan. Primary data were collected through interviews and other contacts from late 2003 until late 2004. The objectives were to discover from corporate management how they saw both recent structural changes and their own current practices, and from investors and others how their views and activities could be expected to influence the choices of corporate management. Theoretical context covering the general corporate governance debate and institutional theory was derived from academic secondary sources. Specifically Japanese context covering corporate practices since the Second World War, economic events since the late 1980s, and recent developments relating to Japanese corporate governance structures was derived from secondary sources which included academic commentaries and information published by companies, ministries, associations, and the press. The results of the empirical study are presented against this contextual background under the three main categories of legally driven change, informal change, and influences external to corporate management. From these results, conclusions are drawn regarding the nature of the changes observed to date in Japanese corporate governance and the degree of tendency towards ‘Anglo-American’ practice. Their implications with regard to institutional diversity, change, transplantation, and hybridisation are then discussed. Finally, suggestions are offered with regard to the possible development hereafter of corporate governance practice in Japan.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available