Corporate governance reform in Japan: A behavioral view
Volume: 16, Issue: 1, Pages: 47 - 59
Published: Jan 1, 2020
Abstract
Corporate governance reform in Japan was triggered by the introduction of a new corporate governance code in 2015. The code is notable for requiring the addition of two or more independent directors to the boards of listed firms, which previously had consisted largely of internally promoted directors enjoying lifetime employment. Applying the framework of behavioral law and economics, we analyze the change from the two aspects of “offense” and...
Paper Details
Title
Corporate governance reform in Japan: A behavioral view
Published Date
Jan 1, 2020
Volume
16
Issue
1
Pages
47 - 59
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