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Съвременни тенденции в японското корпоративно управление
Recent Trends in Japanese Corporate Governance

Author(s): Nikolay Naydenov
Subject(s): Economy
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: G34; G32; M12

Summary/Abstract: The corporate governance (CG) system in Japan at the start of the XXI century is analyzed in the study along the following lines: changes in the corporate ownership structure – the dissolution of stable and cross ownership; changes in the composition and structure of corporate boards; the effects of the introduction of incentive schemes for directors; development of the market for corporate control – mergers and acquisitions (M&A); relationship between transparency (information disclosure) and CG models. Based on this analysis, recent trends in Japanese CG have been identified, namely – declining role of the banks in the ownership, monitoring and control of Japanese corporations; enhancing the interests of shareholders; significant intensification of M&A activities; rewinding of cross ownership in the second half of last decade; diversification of the CG mechanisms applied by firms and their groupings. In conclusion, some guidelines for the development of CG in Bulgaria have been suggested.

  • Issue Year: 2014
  • Issue No: 1
  • Page Range: 88-115
  • Page Count: 28
  • Language: Bulgarian