Internal Promotion and the Effect of Board Monitoring: A Comparison of Japan and the United States
dc.contributor.author | Sato, Megumu | |
dc.date.accessioned | 2015-12-07T22:30:27Z | |
dc.date.issued | 2010 | |
dc.date.updated | 2020-11-15T07:22:02Z | |
dc.description.abstract | This paper analyses two pronounced features of Japanese corporate governance--large corporate boards almost entirely composed of insiders and the tendency to appoint CEOs through internal promotions. It is often argued that Japanese boards are less effective in monitoring CEOs than U.S. boards which tends to be composed of a small number of directors, majority of which are outsiders. I show that Japanese corporate governance exhibits less inefficiencies than U.S. corporate governance. I further discuss the recent changes in Japanese corporate governance and provide theoretical explanation that they do not necessarily enhance board monitoring. | |
dc.identifier.issn | 1834-8971 | |
dc.identifier.uri | http://hdl.handle.net/1885/22327 | |
dc.publisher | Australian National University | |
dc.source | Asia Pacific Economic Papers | |
dc.title | Internal Promotion and the Effect of Board Monitoring: A Comparison of Japan and the United States | |
dc.type | Journal article | |
local.bibliographicCitation.issue | 387 | |
local.bibliographicCitation.lastpage | 26 | |
local.bibliographicCitation.startpage | 1 | |
local.contributor.affiliation | Sato, Megumu, College of Asia and the Pacific, ANU | |
local.contributor.authoremail | repository.admin@anu.edu.au | |
local.contributor.authoruid | Sato, Megumu, u4747010 | |
local.description.embargo | 2037-12-31 | |
local.description.notes | Imported from ARIES | |
local.identifier.absfor | 140207 - Financial Economics | |
local.identifier.absfor | 150303 - Corporate Governance and Stakeholder Engagement | |
local.identifier.absseo | 940299 - Government and Politics not elsewhere classified | |
local.identifier.ariespublication | u4111581xPUB21 | |
local.identifier.citationvolume | 2010 | |
local.identifier.uidSubmittedBy | u4111581 | |
local.type.status | Published Version |
Downloads
Original bundle
1 - 1 of 1
No Thumbnail Available
- Name:
- 01_Sato_Internal_Promotion_and_the_2010.pdf
- Size:
- 445.78 KB
- Format:
- Adobe Portable Document Format