Perspective on comparative corporate governance: understanding corporate governance patterns |
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Authors: | Masaki Nakata |
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Institution: | (1) College of Business Administration, Ritsumeikan University, Japan e-mail:nakatam@gem.hi-ho.ne.jp, JP |
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Abstract: | The purpose of this study was to examine the perspective of international comparative research on corporate governance. The
problems of stock ownership and corporate control in large corporations are the basis of any discussion on corporate governance.
In large corporations of major capitalist countries, the subject of corporate control is changing from a single individual
or family to the system of impersonal possession, depending on various factors of stock ownership between corporations and
the interlocking directorship. These are the common bases that started the corporate governance problem. After these aspects
are recognized, it is important to identify the difference in patterns of corporate governance in each country. First, I clarify
the common direction of the development of “stock ownership and corporate control” seen in large corporations of major capitalist
countries. Second, I look at the Anglo-American, Japanese, and South Korea patterns, and consider the differences or the distinctiveness
of the classification by country in a concrete system of stock ownership and corporate control. |
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Keywords: | Stock ownership Corporate control Intercorporate shareholding Personal control System of impersonal possession Interlocking directorship |
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