Since the start of the 21st century, a number of countries have industrialized to the point where they can be added to the group of developed nations. On the other hand, the financial crisis that originated in the United States and the collapse of General Motors are two events symbolic of existing developed countries that have been losing their growth drivers and suffering from erosion in their leadership positions in certain industries. Developed countries are now finding it more difficult to maintain the living standards they previously enjoyed and are facing the need to transform their industrial structures and create new industries.
During the first half of this decade, Japan achieved a certain level of economic growth, mainly attributable to manufacturing exports. However, with Japan's economy contracting more than any other developed country during the present global recession it has become apparent that relying on a small number of industrial sectors for economic growth is a very risky and unreliable strategy.
For this reason, Japan must improve productivity across a broad range of industries, especially given its aging society and falling birthrate. In the manufacturing industry, investments in research and development have been recognized as key drivers of innovation. However, to achieve innovation, including service-sector innovation, it is necessary to use a wide range of intangible assets that include research and development. From this perspective, restructuring corporate organizations and improving human capital are also critical factors that bolster business performance.
This symposium will address the concept of intangible assets, including various measurement techniques and their contribution to corporate performance. Leading experts such as Dr. Carol Corrado of The Conference Board, Dr. Ron Jarmin of the U.S. Census Bureau, Professor Eric Bartelsman of Free University (Vrije Universiteit), Amsterdam, and Professor Kuen Lee of Seoul National University will exchange theories and share their ideas on the application of intangible assets in policymaking and management. Presentations and discussion groups will include academic researchers, administrators and operational managers. The Conference will provide a forum for examining appropriate business management and economic policies for the future.
Symposium Session "The Role of Intangible Assets in the Improvement of Firm Performance"
- Time and Date: 14:25-18:30, Friday Oct. 02, 2009
- Venue: Hitotsubashi Memorial Hall[PDF:132KB]
National Center of Sciences Building, 2-1-2 Hitotsubashi, Chiyoda-ku, Tokyo
- Language: Japanese / English (with simultaneous interpretation)
- Admission fee: Free
- Host: Research Institute of Economy, Trade and Industry (RIETI), Global COE Program, " Research Unit for Statistical and Empirical Analysis in Social Sciences (Hi-Stat)," Hitotsubashi University
- Supporting organization: Gakushuin University Research Institute for Economics and Management
- Contact: RIETI, (Ms.) Tomoko KASE
14:25 - 14:30 Opening Remarks
NAGAOKA Sadao (Research Counselor and Faculty Fellow, RIETI / Professor, Institute of Innovation Research, Hitotsubashi University)
14:30 - 16:20 Keynote Speech
Chair: FUKAO Kyoji (Faculty Fellow, RIETI / Professor, Institute of Economic Research, Hitotsubashi University)
14:30 - 15:00 Keynote Speech 1 "What Can We Learn by Analyzing Business Location Using Establishment and Firm Data?"
Ron JARMIN (Chief Economist, U.S. Census Bureau)
15:00 - 15:30 Keynote Speech 2 "The Black Box of Intangible Capital: Wanted! Data from Deep within Firms"
Carol CORRADO (Senior Advisor and Research Director, Economics, The Conference Board)
15:30 - 16:00 Keynote Speech 3 "What Do We Learn from the Measurement of Intangible Assets?"
MIYAGAWA Tsutomu (Faculty Fellow, RIETI / Vice President, Gakushuin University)
16:00 - 16:20 Q&A
16:20 - 16:35 Coffee Break
16:35 - 18:25 Panel Discussion "What Kind of Management Practice Will Fit Globalization and Innovation?"
Chair: MIYAGAWA Tsutomu (Faculty Fellow, RIETI / Vice President, Gakushuin University)
Panelists (in alphabetical order):
Eric BARTELSMAN (Professor, Faculty of Economic Sciences, Business Administration and Econometrics, Free University [Vrije Universiteit], Amsterdam)
Keun LEE (Professor, Economic Department, Seoul National University)
Kiyohiko G. NISHIMURA (Deputy Governor, the Bank of Japan)
OKAWA Yukihiro (Assistant General Secretary, Service Productivity & Innovation for Growth / Executive Director, Management Development Dept., Japan Productivity Center)
TOJO Yoshiaki (Director, Information Services Industry Division, Commerce and Information Policy Bureau, METI)
16:35 - 18:05 Discussion
Topic 1: An empirical examination of the U.S. business model after the IT revolution: Could it be a success?
Topic 2: Can Asian business models respond to globalization and innovation?
Topic 3: Searching suitable measures for business models and firm performance. Have data facilities for these measures been established?
Topic 4: How can governments in advanced countries help the private sector achieve sustained growth for the global economy through the productivity improvement of firms?
18:05 - 18:25 Q&A
18:25 - 18:30 Closing Remarks
OIKAWA Kozo (Chairman, RIETI)
18:30 - 20:00 Reception
*Agenda is subject to change