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Whose company is it? The concept of the corporation in Japan and the West

Authors :
Yoshimori, Masaru
Source :
Long Range Planning. August, 1995, Vol. 28 Issue 4, p33, 12 p.
Publication Year :
1995

Abstract

This article examines the differences in the concept of the corporation and their possible implications for corporate performance, between Japan on the one hand and the United States and Europe (Germany, UK and France) on the other. The Japanese concept is used as the standard against which the other models are compared. The concept of the corporation is defined here as the answer to the question: 'In whose interest should the firm be managed?' This is the foundation on which corporate governance and the monitoring system for the CEO is built. The analysis is focused on large publicly-held corporations with widely diffused ownership.

Details

ISSN :
00246301
Volume :
28
Issue :
4
Database :
Gale General OneFile
Journal :
Long Range Planning
Publication Type :
Periodical
Accession number :
edsgcl.17391425