Academic Conference

Corporate Governance from an International Perspective: Diversity or Convergence

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Information

  • Date: Wednesday January 8, and Thursday January 9, 2003
  • Location: United Nations University (Tokyo, Shibuya)
  • Language: English

    • Ahead of RIETI Policy Symposium on "Corporate Governance from an International Perspective: Diversity or Convergence,"a two-day academic conference was held on Jan. 8 and 9, bringing together more than 10 leading researchers from the United States, Europe and East Asia to discuss on relationships between institutional reform and corporate activities as well as complementarities and relationships between the ownership and financing structure of a company and its employment system.

    Summary

    Summary report on an academic conference on Jan. 8 and 9 by AKAISHI Koichi, Fellow, RIETI

    Program / Handouts: Wednesday January 8

    9:00-9:15 Introduction

    9:15-12:00 Session 1

    9:15-11:15

    AOKI Masahiko (RIETI, Stanford University)

    "Institutional Complementarities between Organizational Architecture and Corporate Governance"

    Franklin ALLEN (University of Pennsylvania)

    "A Comparative Theory of Corporate Governance"

    Discussants:

    YANAGAWA Noriyuki (RIETI,University of Tokyo)

    HOSHI Takeo (RIETI, University of California, San Diego)

    11:15-11:30 - Coffee Break -

    11:30-12:30

    Curtis MILHAUPT (Columbia University)

    "Nonprofit Organizations as Investor Protection: Explaining the Puzzle of Corporate Law Enforcement in East Asia"

    Discussants:

    JANG Hasung (Korea University)

    SHISHIDO Zenichi (Seikei University)

    12:30-14:00 Lunch

    14:00-17:30 Session 2

    14:00-16:00

    Oren SUSSMAN (Said Business School, University of Oxford)

    "Financial Distress and Bank Restructuring of Small to Medium Size UK Companies"

    XU Peng (RIETI,Hosei University)

    Bankruptcy Resolution in Japan : Corporation Reorganization v.s. Civil Rehabilitation

    Discussants:

    Franklin ALLEN (University of Pennsylvania)

    YANAGAWA Noriyuki (RIETI,University of Tokyo)

    16:00-16:30 - Coffee Break -

    16:30-17:30


    up: MIYAJIMA Hideaki (RIETI,Waseda University)
    bottom: ARIKAWA Yasuhiro (RIETI, Yamagata University)

    "Investment and Corporate Governance: Evidence from Japan in the 1990s"

    Discussants:

    XU Peng (RIETI,Hosei University)

    Colin MAYER (Said Business School, University of Oxford)

    Program / Handouts: Wednesday January 9

    9:00-12:00 Session 3

    9:00-11:00

    Gregory JACKSON (RIETI)

    "Corporate Governance and Employees in Germany: Changing Linkages, Complementarities and Tensions"


    up: HOSHI Takeo (RIETI, University of California, San Diego)
    bottom: ABE Masahiro (RIETI, Dokkyo University)

    "Recent Changes in the Japanese Corporate Governance"

    Discussants:

    SAKO Mari (RIETI, Said Business School, University of Oxford)

    AOKI Masahiko (RIETI, Stanford University)

    11:00-11:30 - Coffee Break -

    11:30-12:30

    Colin MAYER (Said Business School, University of Oxford)

    "The Origination and Evolution of the Ownership and Control"

    Discussants:

    Gregory JACKSON (RIETI)

    MIYAJIMA Hideaki (RIETI,Waseda University)

    12:30-14:00 Lunch

    14:00-17:30 Session 4

    14:00-16:00

    TONG Daochi (China Securities Regulatory Commission)

    "Comparative Corporate Governance: The Case of Chinese Publicly Listed Companies"

    HU Angang (Tsinghua University)

    "Corporate Governance in China in the Transitional Era: Review and Foresight"

    Discussants:

    TSUGAMI Toshiya (RIETI)

    AOKI Masahiko (RIETI, Stanford University)

    16:00-16:30 - Coffee Break -

    16:30-17:30

    JANG Hasung (Korea University)

    "Evolution of Corporate Governance in Korea after the economic crisis"

    Discussants:

    OKAZAKI Tetsuji (RIETI, University of Tokyo)

    TSURU Kotaro (RIETI)

    17:30-18:00 Quick Wrap-up