The Effects of Reforming Board Meetings on Firm Productivity in Japan (Japanese)

YoungGak Kim () and Hyeog Ug Kwon

Discussion Papers (Japanese) from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: Using firm level panel data taken from the Basic Survey of Japanese Business Structure and Activities between 2005 and 2010, we examine the effects of reforming board meetings on firm productivity. We find that the probability of reforming board meetings is higher in subsidiary firms and large firms. We also document that the existence of outside directors is positively correlated with firms' productivity growth, whereas the total factor productivity (TFP) post- board meeting reform does not improve significantly in the case of controlling for endogeneity.

Pages: 11 pages
Date: 2015-12
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Persistent link: https://EconPapers.repec.org/RePEc:eti:rdpsjp:15060

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