Corporate Governance Structure and Employment Adjustment in Japan: An Empirical Analysis Using Corporate Finance Data

Abe, Masahiro

doi:10.1111/1468-232x.00269

Cited by 55 publications

(19 citation statements)

References 4 publications

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“…Meanwhile, the percentage of in-house executives within the board had a negative impact on market employment patterns, but foreign ownership had no significant impact on employment outcomes. This suggests that external market pressures may be less important than the style of insider governance in determining employment patterns (see also Abe, 2002;Abe & Shimizutani, 2005). Similarly, strong employee voice in Japanese firms is associated with increased transparency to shareholders and greater shareholder voice (Miyajima, 2007).…”

Section: The Role Of Labor In Corporate Governance: Forgotten or Misumentioning

confidence: 99%

Comparative and International Corporate Governance

Aguilera¹,

Jackson

2010

The Academy of Management Annals

221

116

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In this article, we examine the state of the art in comparative and international corporate governance by identifying the key research questions, main concepts, and paradigms of explanations of cross-country diversity in corporate governance. First, we discuss the multiple definitions of corporate governance across disciplines and explore how this multi-dimensional nature of corporate governance posses challenges when making cross-national comparisons. Second, we review existing comparative research on corporate governance and highlight some of the main characteristics of comparative analysis. Third, we analyze how comparative corporate governance has been understood from four different scholarly perspectives: economics and management, culture and sociology, legal, and political paradigms. We conclude from this third section that future research should make an effort to 486 • The Academy of Management Annals better integrate cross-disciplinary paradigms. Fourth, we investigate what insights these four perspectives bring to understand change and stability better in two particular governance dimensions: corporate ownership and the role of labor in comparative corporate governance. Finally, we conclude the article with some forward looking suggestions regarding (1) how different perspectives of corporate governance can be more effectively integrated by adopting case-based, historical, and actor-centered forms of institutional explanations and by (2) discussing the current U.S. corporate governance system, frequently seen as the "best practice" model.

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Section: The Role Of Labor In Corporate Governance: Forgotten or Misumentioning

confidence: 99%

Comparative and International Corporate Governance

Aguilera¹,

Jackson

2010

The Academy of Management Annals

221

116

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“…For example, foreign ownership increases the likelihood of downsizing (Ahmadjian and Robinson, 2001). Meanwhile, strong ties to banks slowed or lessened the likelihood of reducing employment (Matsuura, 2001;Abe, 2002).…”

Section: Employment Adjustmentmentioning

confidence: 99%

Stakeholders under Pressure: corporate governance and labour management in Germany and Japan

Jackson

2005

Corporate Governance

100

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A small but significant stream of research has emerged on how changes in corporate governance impact labour management, particularly in countries with stakeholder-oriented corporate governance. This paper briefly reviews existing empirical and theoretical literature on the links between corporate governance and labour management. Then it compares recent trends in Germany and Japan in terms of how changes in corporate governance affect the distribution of value-added, employment adjustment, pay systems and employee participation. Germany and Japan have proven able to adapt and modify their stakeholder model of employment and employee participation to changing circumstances. However, the size of the core model is getting smaller. Copyright Blackwell Publishing Ltd 2005.

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“…Those studies that do exist have typically estimated the adjustment speed of the net changes in workforce size by examining the difference between the current and the lagged workforce size. 9 One such study, Abe (2002), does show that the presence of large shareholders and greater cross-shareholdings slow down the speed of employment adjustment. However, this and other studies along these lines have the weakpoint that they only deal with changes in employment on a net, not on a gross basis, and do not include measures of excess labor at each firm.…”

Section: Changes In the Composition Of Boards Of Directors And In Empmentioning

confidence: 99%

Employment policy and corporate governance— An empirical comparison of the stakeholder and the profit-maximization model

Abe¹,

Shimizutani²

2007

Journal of Comparative Economics

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Corporate Governance Structure and Employment Adjustment in Japan: An Empirical Analysis Using Corporate Finance Data

Cited by 55 publications

References 4 publications

Comparative and International Corporate Governance

Comparative and International Corporate Governance

Stakeholders under Pressure: corporate governance and labour management in Germany and Japan

Employment policy and corporate governance— An empirical comparison of the stakeholder and the profit-maximization model

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