Publication Type

Journal Article

Version

publishedVersion

Publication Date

5-2020

Abstract

Extrapolating from modern international understanding of corporate Japan’s distinct form of managerial capitalism, we elaborate on the growing momentum of shareholder activism in Japan leading up to the COVID-19 health crisis, so as to inform the subsequent discussion on the relevant primary considerations that belie the future direction of shareholder activism in Japan post-COVID-19. On an initial logical extrapolation, it appears probable that COVID-19 could mark the peak of Japanese activism. However, it is crucial to acknowledge that the success of Japan’s managerial capitalism have also declined, which poses a question on to which direction Japanese corporate governance may be shifting. Finally, we point out how corporate Japan’s impeding market developments will provide a useful case-study for global financial discourse.

Keywords

Japanese firms, Shareholder activism, Corporate governance, Stakeholder model, COVID-19, pandemics, Japan, business enterprises

Discipline

Asian Studies | Business Law, Public Responsibility, and Ethics | Strategic Management Policy

Research Areas

Strategy and Organisation

Publication

Asian Business and Management

Volume

19

Issue

3

First Page

302

Last Page

305

ISSN

1472-4782

Identifier

10.1057/s41291-020-00122-2

Publisher

Springer

Embargo Period

3-27-2022

Copyright Owner and License

Authors

Additional URL

https://doi.org/10.1057/s41291-020-00122-2

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