Corporate Governance and Transparency in Japan

Transparency and Corporate Governance∗

An objective of many proposed corporate governance reforms is increased transparency. This goal has been relatively uncontroversial, as most observers believe increased transparency to be unambiguously good. We argue that, from a corporate governance perspective, there are likely to be both costs and benefits to increased transparency, leading to an optimum level beyond which increasing transpa...

The Reform of (Corporate) Governance in Japan

Optimal and Mandatory Transparency: Implications for Corporate Governance Regulation∗

In light of recent corporate scandals, numerous proposals have been introduced for reforming corporate governance. This paper provides a theoretical framework through which to evaluate these reforms. We show that reforms that seek to improve the quality of information that is reported will reduce welfare, raise executive compensation, and inefficiently increase the rate of ceo turnover. ∗The au...

Corporate Governance and Performance in Twentieth- Century Japan

To understand the corporate performance of Japanese firms in the twentieth century, we have constructed a comprehensive database that includes asset, capital composition, profitability, and other variables relating to corporate governance structure. In this paper, we briefly introduce our project and report preliminary results of research on corporate performance and its determinants. We survey...

Exploring the Influence of Belgian and South-African Corporate Governance Codes on IT Governance Transparency

Building on prior research on how boards should provide stakeholder transparency by disclosing on how their organizations are governing their IT assets, this paper provides an exploratory insight in the contemporary state of IT governance transparency in Belgian and South African companies. Specifically, the influence of the national corporate governance code on IT governance transparency is in...