Selective Adaptation of Anglo-American Corporate Governance Practices in Japan

Masao Nakamura

Chapter 11 in Changing Corporate Governance Practices in China and Japan, 2008, pp 235-278 from Palgrave Macmillan

Abstract: Abstract This chapter applies a selective adaptation framework3 for analyzing institutional change and business practices in corporate governance in post-bubble Japan. With the economy facing near-collapse in the 1990s, Japan undertook massive corporate governance reform. The Japanese government promptly introduced new laws that put in place new institutional settings for Japan’s corporate governance. New laws and revisions of existing laws related to corporate governance, securities market transactions, and laws governing transparency and information disclosure are among the many changes made in the reform process.

Keywords: Corporate Governance; Minority Shareholder; Selective Adaptation; Hostile Takeover; Corporate Governance System (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59515-6_11

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DOI: 10.1057/9780230595156_11

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