| アイテムタイプ |
紀要論文2 / Departmental Bulletin Paper(1) |
| 公開日 |
2014-04-09 |
| タイトル |
|
|
タイトル |
Japanese Corporate Governance Problem and Economic Efficiency : An Empirical Analysis of Japanese Manufacturing Firms |
|
言語 |
en |
| 言語 |
|
|
言語 |
jpn |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_6501 |
|
資源タイプ |
departmental bulletin paper |
| 著者 |
Sasaki, Takafumi
Yonezawa, Yasuhiro
Azeez, A.A.
|
| 抄録(英) |
|
|
内容記述タイプ |
Other |
|
内容記述 |
We investigate how the Japanese governance characteristics hurt shareholders’ value focusing on the rent distribution problem between two residual claimant parties, shareholders and employees. We find that lower Tobin’s Q under Japanese governance characteristics is mainly attributed to the rent distribution problem, not to a decrease in productivity. We argue that pros and cons of a governance characteristic should be valued not only from the viewpoint of shareholders value but also by that of value added. In other words, corporate governance system that enhances employee-oriented management may be rational when valued from the viewpoint of value added. |
| 書誌情報 |
オイコノミカ
巻 45,
号 2,
p. 41-64,
発行日 2008-11-01
|
| ISSN |
|
|
収録物識別子タイプ |
ISSN |
|
収録物識別子 |
03891364 |
| 書誌レコードID |
|
|
収録物識別子タイプ |
NCID |
|
収録物識別子 |
AN00025971 |
B41-20081101-41 (642.0 kB)
