MENU

Research Archive

Comparing Corporate Governance Practices and Exit Decisions between US and Japanese Firms

Publication type: Forthcoming article

Research Archive Topic: Leadership, Organizations, World Business

Abstract

This study examines how widespread the similarities between U.S. and Japanese corporate governance practices have become. Results suggest that, in spite of convergence in many areas of business practices, Japanese board structures and governance practices still differ greatly from those in the United States – particularly in SEC-mandated reforms such as independent audit and compensation committees. Our results suggest that findings concerning corporate governance differences between Japanese and U.S. firms may be driven, in part, by differences in directors’ recognition of investors’ performance expectations. In particular, our results indicate that the exit barriers related to employment impact decision-making for Japanese directors more strongly than they affect U.S. directors’ decisions. 


Download PDF
View Ideas at Work: Feature

Citation

Harrigan, Kathryn. "Comparing Corporate Governance Practices and Exit Decisions between US and Japanese Firms." Journal of Management and Governance (forthcoming).


Each author name for a Columbia Business School faculty member is linked to a faculty research page, which lists additional publications by that faculty member.

Each topic is linked to an index of publications on that topic.