Corporate Governance, Risk, and Inequality in Japan and the United States
17 Pages Posted: 26 Jan 2005
Abstract
These days, Americans seem to take their corporate governance model for granted. Shareholder interests are what matter. But this essay traces the history of corporate governance to show that such models change over time. And they are different in other nations, such as Japan. I argue that American-style corporate governance has resulted in wage inequality, risk shifting, and poor management. And financial reforms, despite the recent major scandals, have not gone far enough.
Keywords: corporate governance, risk, inequality, japan, employees, managers
JEL Classification: E25, G34, G38, J30, K22, M51, N30, N80, P50
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Paper statistics
Recommended Papers
-
By John Dominic Roberts, Terry Mcnulty, ...
-
The Impact of the Board on Strategy: An Empirical Examination
-
By Morten Huse
-
By Ruth V. Aguilera, Igor Filatotchev, ...
-
Why Adopt Codes of Good Governance? A Comparison of Institutional and Efficiency Perspectives
-
Convergence in European Corporate Governance: The Audit Committee Concept
By Paul A. Collier and Mahbub Zaman
