Determinants of the Timing of Downsizing Among Large Japanese Firms: Long-Term Employment Practices and Corporate Governance

Noda, Tomohiko

doi:10.1111/j.1468-5876.2012.00578.x

Cited by 12 publications

(7 citation statements)

References 34 publications

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“…Some may argue that work environments may worsen in these firms, as they attempt to maximize profit by reducing labor costs. Several studies show that firms with more foreign owners are more likely to reduce the number of employees (Ahmadjian and Robbins ; Noda ; Yamauchi ). From a questionnaire survey, Abe and Shimizutani () find that firms with outside directors tend to reduce the number of employees…”

Section: Corporate Governance and Decent Workmentioning

confidence: 99%

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The effect of corporate governance on firms’ decent work policies in Japan

Kubo

2018

Asia Pac J Human Res

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It is often argued that globalization of financial markets leads to change in firms’ human resource practices and employees’ well‐being. To examine the effect of corporate governance on employees’ well‐being, we examine the determinants of firm policies on decent work. Decent work was proposed as a goal by the International Labour Organization, and includes such dimensions as ‘work in conditions of freedom’, ‘equity in work’ and ‘security in work’. We develop a scoring system for firms’ policies on decent work using data on 1258 of Japan's listed firms in 2015. Using this unique dataset, we examine the effect of foreign ownership and outside director ratio on these scores. There is a positive relationship between these corporate mechanisms and firms’ policies. It is suggested that decent work may be promoted by a change in corporate governance.

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Section: Corporate Governance and Decent Workmentioning

confidence: 99%

“…In particular, firms with Anglo-American corporate governance are more likely to retrench employees when the firm is in financial distress. Several studies have investigated the effect of corporate governance on employment and wages (Ahmadjian and Robbins 2005;Davis et al 2014;Noda 2013;Pendleton and Westcott 2009;Watt 2008;Wright, Bacon and Amess 2009).…”

mentioning

confidence: 99%

The effect of corporate governance on firms’ decent work policies in Japan

Kubo

2018

Asia Pac J Human Res

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“…We may distinguish various reasons to explain the popularity of this type of argument. One is due to the success of the so-called negative profit adjustment model (Suruga, 1998;Noda, 2013). 13 Another reason, related to the previous one, is the importance of financial constraints.…”

Section: The Japanese Case: Literature Review and Stylized Factsmentioning

confidence: 99%

“…Last but not least, a final reason of the popularity of this approach refers to "classical" theories of the Japanese firm such as the one proposed by Masahiko Aoki (see for example Aoki, 1990), which lead to investigate the complementarity between employment practices and corporate governance variables (Abe, 2002;Noda, 2013). We do not consider here the impact of the Main Bank or of the financial structure (e.g.…”

Section: The Japanese Case: Literature Review and Stylized Factsmentioning

confidence: 99%

How Did the Japanese Employment System Change Investigating the Heterogeneity of Downsizing Practices Across Firms

et al. 2018

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Beyond the general issue of institutional change at the aggregate level, some studies have shown that the diversity of Japanese firms has increased since the late 1990s, both in terms of performance and organization. This paper contributes to this literature by investigating the evolving employment practices at the firm level. In mobilizing a database of listed manufacturing firms, we focus on the evolution of the speed of downsizing between the 1990s and the 2000s. A specificity of our paper is that we do not limit our analysis to the introduction of individual effects but we rather resort to a Bayesian estimation procedure, which yields to (firm-specific) individual forecasts of the parameters of the adjustment process modelled with random coefficients. The first major result we get is a decreasing average speed of downsizing, contrary to what is found in a simple estimation with individual effects. Second, we confirm the increasing heterogeneity of Japanese firms between the 1990s and the 2000s, through a rising dispersion of the speed of downsizing. Third, we are able, from a descriptive viewpoint to identify some characteristics of firms with different speed of downsizing.

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“…First, there was a continuation of interests from the previous decade (Asaba 2013;Bloom et al 2012;Nakano and Nguyen 2012;Xie and Fukumoto 2013). Second, there was a focusing on the collapse of the traditional Japanese corporate governance model (Chizema and Shinozawa 2012;Nakamura 2011;Shim and Okamuro 2011;Uchida 2011); and third, research was increasingly concerned with multiple categories (Egelhoff and Frese 2011;Noda 2013;Pascal 2011;Sekiguchi et al 2011).…”

Section: Corporate Governance 2011-2013mentioning

confidence: 99%

Does Japan Still Matter? Past Tendencies and Future Opportunities in the Study of Japanese Firms

Endo

Delbridge

Morris

2014

Int J Management Reviews

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This paper engages with the question ‘does Japan still matter’ by systematically reviewing publication patterns in peer‐reviewed academic journal articles addressing Japanese firms and their management practices, illustrating the academic discourse surrounding Japanese firms over four decades, and by identifying future research opportunities. Initially, particularly from the 1980s when Japanese firms came to prominence, these practices tended to be identified as ‘best practice’. However, at least in part due to socio‐economic changes, this tendency has become less prominent since the ‘bubble economy’ burst. Instead, three broader developments are observed: the examination of the continuity and change in the traditional Japanese model, a more complex approach that involves multiple themes of research, and leveraging new contexts to examine Japanese firms, including the long‐term recession, the rise of the East Asian economy, and the increasing importance of corporate social responsibility.

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Determinants of the Timing of Downsizing Among Large Japanese Firms: Long-Term Employment Practices and Corporate Governance

Cited by 12 publications

References 34 publications

The effect of corporate governance on firms’ decent work policies in Japan

The effect of corporate governance on firms’ decent work policies in Japan

How Did the Japanese Employment System Change Investigating the Heterogeneity of Downsizing Practices Across Firms

Does Japan Still Matter? Past Tendencies and Future Opportunities in the Study of Japanese Firms

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