Information
September 13th (Tue): Pearl Room (#1001), 10th Floor, Keidanren Kaikan
September 14th (Wed): Golden Room, 11th Floor, Keidanren Kaikan
(Otemachi 1-9-4, Chiyoda-ku, Tokyo)
Sept. 13th English (no interpretation available)
Sept. 14th Japanese / English (with simultaneous interpretation)
Agenda [September 13th, 2005]
Part 1: Academic Seminar
Opening Remarks:
Session 1: "Competing Models of Corporate Governance, and the Role of Boards"
Session Chair: | |
MIYAJIMA Hideaki (Faculty Fellow, RIETI / Vice Director of Waseda Institute of Finance, and Professor, Waseda University) |
Presentation: | |
"Employment Policy and Corporate Governance - An Empirical Comparison of the Stakeholder Versus the Profit -Maximization Model-" | |
SHIMIZUTANI Satoshi (Faculty Fellow, RIETI/Associate Professor, Institute of Economic Research, Hitotsubashi University)
Paper [PDF:138KB] Presentation [PDF:79KB] |
|
"CEO Labor Markets, Incentives and the Shape of Managerial Contracts" | |
Mariassunta GIANNETTI (Associate Professor, Department of Finance and SITE, Stockholm School of Economics, Sweden / Research Affiliate, Financial Economics Program, CEPR, UK)
Paper [PDF:326KB] Presentation [PDF:137KB] |
|
"Corporate Performance, Board Structure and its Determinants in the Banking Industry" | |
Renee Birgit ADAMS (Assistant Professor, Department of Finance, Stockholm School of Economics, Sweden/ Research Fellow, Swedish Institute for Financial Research, Stockholm, Sweden)
Paper [PDF:426KB] Presentation [PDF:117KB] |
Session 2: "Ownership Structures and the Role of Foreign and Institutional Investors"
Presentation: | |
"Foreign Direct Investment: Who Cares About Ownership?" | |
Colin MAYER (Peter Moores Professor of Finance, Said Business School, University of Oxford, UK / Fellow, CEPR, UK) | |
"Behavioural Biases of Institutional Investors under Pressure from Customers -Japan and Germany vs the US-" | |
SUTO Megumi (Professor, Graduate School of Finance, Accounting and Law, Waseda University)
Presentation [PDF:145KB] |
|
"Evolution of Ownership: A Three Countries Comparison of the UK, Germany and Japan" | |
Colin MAYER (Peter Moores Professor of Finance, Said Business School, University of Oxford, UK / Fellow, CEPR, UK) |
Session 3: " Banking Crises and Bank Regulation"
Session Chair: | |
TERANISHI Juro (Professor, Institute of Economic Research, Hitotsubashi University) |
Presentation: | |
"Japan's Banking Crisis: Who Has the Most to Lose?" | |
Yishay YAFEH (Senior Lecturer, School of Business Administration and Department of East Asian Studies, Hebrew University of Jerusalem, Israel / Research Fellow, CEPR, UK)
Presentation [PDF:141KB] |
|
"Bank Regulation and Market Discipline Around the World" | |
TSURU Kotaro (Senior Fellow, RIETI)
Paper [PDF:189KB] Presentation [PDF:88KB] |
Agenda [September 14th, 2005]
Session 4: " The Effects of M&A and Takeover Regulation "
Session Chair: | |
Yishay YAFEH (Senior Lecturer, School of Business Administration and Department of East Asian Studies, Hebrew University of Jerusalem, Israel / Research Fellow, CEPR, UK) |
Presentation: | |
"Payout Policy as a Protective Measure Against a Hostile Takeover: Has the Threat of a Takeover Improved the Management of the Target Firm?" | |
SUZUKI Kazunori (Professor of Finance, Graduate School of International Accounting, Chuo University)
Presentation [PDF:173KB] |
|
"Takeover Regulation Reforms in Europe and Corporate Governance Convergence" | |
Marc GOERGEN (Professor of Finance, Sheffield University Management School (SUMS), UK)
Paper [PDF:290KB] Presentation [PDF:313KB] |
|
"Did Efficiency Improve? Megamergers in the Japanese Banking Sector" | |
HARADA Kimie (Associate Professor, Graduate School of International Accounting, Chuo University)
Paper [PDF:1,079KB] Presentation [PDF:102KB] |
Part 2: Open Symposium: "Corporate Governance in Japan and Europe: Focusing on the Role of Market for Corporate Control"
Conference Chair: | |
TSURU Kotaro (Senior Fellow, RIETI) |
Keynote Speech: | |
"Corporate Governance: Mobility and Convergence" | |
Colin MAYER (Peter Moores Professor of Finance, Said Business School, University of Oxford, UK / Fellow, CEPR, UK)
Paper [PDF:278KB] |
|
"Changing J-type Firms and the Role of M&A in Corporate Governance" | |
MIYAJIMA Hideaki (Faculty Fellow, RIETI/Vice Director of Waseda Institute of Finance, and Professor, Waseda University)
Paper [PDF:414KB] Presentation [PDF:189KB] |
Panel Discussion "Takeover Regulation: Lessons from Europe"
Closing Remarks: