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Corporate Governance, Risk, and Inequality in Japan and the United States

17 Pages Posted: 26 Jan 2005  

Sanford M. Jacoby

University of California, Los Angeles

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

Jacoby, Sanford M., Corporate Governance, Risk, and Inequality in Japan and the United States. Available at SSRN: https://ssrn.com/abstract=654702 or http://dx.doi.org/10.2139/ssrn.654702

Sanford M. Jacoby (Contact Author)

University of California, Los Angeles ( email )

Los Angeles, CA 90095-1481
United States
310-825-2505 (Phone)
310-825-0218 (Fax)

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