An Institutional Theory Perspective on the 'Global Convergence' in Japanese Corporate Governance
There is a rising global pressure to adopt Anglo-American corporate governance practices because of globalization of capital markets. Non Anglo-American firms such as those of the Japanese also face domestic forces in their home country that influence their governance practices. We present an institutional theory based framework that explains the determinants of non Anglo-American firms’ choice of corporate governance practices. We argue that the institutional distance and a firm’s institutional embeddedness affect whether a firm will adopt Anglo-American corporate governance practices.
Asian Studies | Business Law, Public Responsibility, and Ethics | Corporate Finance
Strategy and Organisation
Academy of International Business Annual Meeting, 10-13 July 2004, Stockholm
City or Country
YOSHIKAWA, Toru and PHAN, P. H..
An Institutional Theory Perspective on the 'Global Convergence' in Japanese Corporate Governance. (2004). Academy of International Business Annual Meeting, 10-13 July 2004, Stockholm. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/182
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