Symbol or Substance? Board Reforms in the Japanese Electronics Industry

Publication Type

Conference Paper

Publication Date

7-2013

Abstract

This paper examines the diffusion of Anglo-American corporate governance around the world, with an examination of board reform in the Japanese electronics industry. We analyze two specific reforms: the corporate executive officer and board with committees systems. We argue that while board reforms in Japan diffused through mimetic processes consistent with neo-institutional theory, firms used these reforms to solve specific problems, consistent with behavioral theory of the firm. While institutional processes made board reforms salient and legitimate, firms adopted and shaped these reforms to fit their own circumstances, in particular, their strategies and performance conditions.

Discipline

Corporate Finance | Strategic Management Policy

Research Areas

Strategy and Organisation

Publication

Association of Japanese Business Studies Annual Conference 2013, July 2

City or Country

Istanbul, Turkey

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