Corporate governance reform, and ownership, and control: perspective from Japan

IF 0.6 Q3 POLITICAL SCIENCE

Asian Journal of Political Science Pub Date : 2022-09-02 DOI:10.1080/02185377.2022.2159177

H. Miyajima

引用次数: 1

Abstract

ABSTRACT The direction and extent of corporate governance reforms in any country are determined by its ownership and corporate control structure. Three forms of markets in corporate control could be distinguished. The first is the external market for corporate control, closely associated with the dispersed, outsider-dominated ownership systems of the UK and the US. The second form is the insider market for the purchase and sale of blocks of shares in family-owned firms in Continental Europe and Asia. The third form, which is observed in Japan, is the internal markets in which managers reorganize their ownership structure. Under this framework, this study examines the relationship between corporate governance reforms, and ownership and control in twenty-first century Japan.

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公司治理改革、所有权和控制权:来自日本的视角

任何国家公司治理改革的方向和程度都取决于其所有权和公司控制结构。公司控制权市场可以分为三种形式。第一个是公司控制权的外部市场，这与英国和美国分散的、外部主导的所有权制度密切相关。第二种形式是在欧洲大陆和亚洲的家族企业中买卖大量股票的内部市场。第三种形式是在日本观察到的内部市场，管理者在其中重组其所有权结构。在此框架下，本研究考察了21世纪日本公司治理改革与所有权和控制权之间的关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asian Journal of Political Science POLITICAL SCIENCE-

CiteScore

2.00

自引率

0.00%

发文量

期刊介绍： Asian Journal of Political Science ( AJPS) is an international refereed journal affiliated to the Graduate School of Public Administration, Seoul National University. Published since 1993, AJPS is a leading journal on Asian politics and governance. It publishes high-quality original articles in major areas of political science, including comparative politics, political thought, international relations, public policy, and public administration, with specific reference to Asian regions and countries. AJPS aims to address some of the most contemporary political and administrative issues in Asia (especially in East, South, and Southeast Asia) at the local, national, and global levels. The journal can be of great value to academic experts, researchers, and students in the above areas of political science as well as to practical policy makers, state institutions, and international agencies.