Titlebook: Corporate Governance and Corporate Behavior in Japan; The Consequences of Masaharu Hanazaki Book 2016 Development Bank of Japan 2016 corpo

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Natalie A. Afshari,Rebecca R. Lianf the ban on pure holding companies (1997), enactment of the Corporate Law (2005), announcement of Principles for Responsible Institutional Investors (2014), and Japan’s Corporate Governance Code (2015). Japanese authorities expect that these institutional reforms will stimulate Japanese firms and r

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Handling the Unexpected in Ocular Surgery identifies the share of their own corporations as an original asset under the present corporation law. The use of a stock option used to be prohibited in Japan. In May 1997, a stock option system was introduced for the first time, and, in November 2001, the Commercial Law was revised and a call opt

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Basic Behavioural and Device ModelsFirst, I compute the value of the stock options the firms introduced using two methods, the Black–Scholes’ option price valuation model and the binomial, or tree, model. Second, I examine whether firm profitability improved after the introduction of the stock option. The result shows that the stock

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Basic Behavioural and Device Modelst that an economy of scope and corporate diversification could bring about higher profitability and/or higher productivity. However, many empirical analyses of US corporations have found that corporate diversification has reduced firm value, in so-called “diversification discounts” or “conglomerate

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Zhujun Zhang,Dali Zhu,Baoxin Mi segmental reporting disclosure system in Japan because around half of corporations do not disclose segmental information. Therefore, I mainly use an analytical approach based upon a comparison between non-consolidated financial statements and consolidated financial statements, as parent companies p

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Finding a Great Job in Academicsvision of corporations, and corporate performances and test them empirically. There are some cases in which the profitability of the consolidated financial statements bases are better than that of the non-consolidated financial statements bases. However, this result does not necessarily mean that co

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Natalie A. Afshari,Rebecca R. Liandata on Japanese firms. Potentially powerful explanations for this difference include the differences in corporate governance structures between Japan and the US. In the latter, the primary focus of corporate governance is on the relationship between shareholders and top managers. In Japanese firms,

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