Continuity and change in corporate governance: comparing Germany and Japan
Опубликовано на портале: 24-11-2008
Corporate Governance: An International Review.
2008.
Vol. 13.
No. 3.
P. 2005.
Тематические разделы:
Germany and Japan are often seen deviating from an economic model of shareholder
control
and thereby as being similar by virtue of their mutual contrast with the US. Given
the common
challenges for bank-based and stakeholder-oriented models of corporate governance,
Germany–Japan comparison seems particularly timely. This article provides an
introductory
overview and analysis for the Special Issue by comparing recent developments in corporate
law reform, banking and finance, and employment in Germany and Japan. While rejecting
arguments for international convergence, we discuss this evidence of simultaneous
continuity
and change in corporate governance as a potential form of hybridisation of national
models
or renegotiation of stakeholder coalitions in German and Japanese firms. One consequence
is
the growing diversity of firm-level corporate governance practices within national
systems.
Ключевые слова
comparative corporate governance comparative political economy corporate governance corporate governance systems institutional change Japanese corporate governance varieties of capitalism
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