MIYAJIMA Hideaki

MIYAJIMA Hideaki

MIYAJIMA Hideaki

Faculty Fellow

Professor, Faculty of Commerce, Waseda University
Executive Vice President, Waseda University
Adviser, Waseda Institute for Advanced Study

Activities at RIETI

Expertise

Japanese Economy, Economic History of Japan, Corporate Finance, Corporate Governance Comparative Financial Systems.

Research Projects

Education

2005 Ph.D., Commerce, Waseda University
(Economics, the University of Tokyo, Ph.D. course work is finished 1985.)
1980 M.A., Economics, Rikkyo University
1978 B.A., Economics, Rikkyo University

Experience

1995 - Professor, Faculty of Commerce, Waseda University
2018 - Executive Vice President (Financial Affairs), Waseda University
2018 - Advisor, Waseda Institute for Advanced Study (WIAS)
2010 - 2018 Director, Waseda Institute for Advanced Study (WIAS)
2006 - 2010 Vice-director, Waseda Institute for Advanced Study (WIAS)
2003 - 2013 Vice-director, Waseda Institute for Corporation Law and Society
2004 - 2005 Visiting scholar, Reischauer Institute of Japanese Studies, Harvard University
1999 - 2000 Lecturer, Business Administration, Hosei University
1992 - 1994 Visiting Scholar, Reischauer Institute for Japanese Studies, Harvard University
1989 - 1994 Associate Professor, Graduate School of Commerce, Waseda University
1987 - 1989 Full-time Lecturer, Graduate School of Commerce, Waseda University
1985 - 1987 Assistant Professor, Institute of Social Science, University of Tokyo

2010 - Affiliated Reserchers, Fondation France-Japon de l'École des Hautes Études en Sciences Sociales
2002 - Faculty Fellow, Research Institute of Economy, Trade & Industry (RIETI)
2001 - Special Research Fellow, Policy Research Institute, Ministry of Finance of Japan
2001 - Adjunct Professor, Chung-Ang University

Selected Publications and Papers

Books

  • Corporate Governance in Japan: Institutional Change and Organizational Diversity, Oxford University Press, 2007 (co-edited with Masahiko Aoki, Gregory Jackson)
  • Changes and Continuity in Japan, Routledge Curzon Press, 2002 (co-edited with Syed Maswood, David Graham)
  • Policies for Competitiveness: Comparing Business-Government Relationships in Golden Age of Capitalism, Oxford University Press, 1999 (co-edited with T Kikkawa, T Hikino)

Articles and Chapters

  • "Does Paying Passive Managers to Engage Improve ESG Performance?", European Corporate Governance Institute Finance Working Paper No. 922/2023, September 2023 (with Marco Becht, Julian Franks, Kazunori Suzuki)
  • "Corporate Governance Reforms under Abenomics: The Economic Consequences of Two Codes", T.Hoshi and P. Lipscy eds., The Political Economy of the Abe Government and Abenomics Reforms, Cambridge University Press, 2021 (with Takuji Saito)
  • "Changes in Corporate Governance and Top Executive Turnover: The Evidence from Japan", Journal of The Japanese and International Economies, No.47, 2018 (with Ryo Ogawa, Takuji Saito)
  • "The Ownership of Japanese Corporations in the 20th Century", Review of Financial Studies, Vol.27, 2014 (with Julian Franks, Colin Mayer)
  • "Japan's Banking Crisis: Who has the Most to Lose?," Journal of Banking and Finance, forthcoming (with Yishay Yafeh).
  • "Relational Banking in post Bubble Japan: Co-existence of soft-and hard budget constraint," in Masahiko Aoki et al. eds., Corporate Governance in Japan: Institutional Change and Organizational Diversity," Oxford University Press, forthcoming (with Yasuhiro Arikawa).
  • "Overview of the Japan's Development and Growth Process: Knowledge Economy Perspective, Transition to the Knowledge-Based Economy and Its Success Elements," The World Bank.
  • "Relationship Banking and Debt Choice: Evidence from Japan," Corporate Governance: An International Review, vol.13-3, May 2005 (with Yasuhiro Arikawa).
  • "Change and Overhaul in the J-type firm: Stepping back bank-centred governance and increasing role of internal governance," in Syed Maswood and Hideaki Miyajima eds., Changes and Continuity in Japan, Curzon Press, 2002.
  • "Changing Corporate Finance and its Impact on Corporate Strategy After Bubble Period: Is Long-term Strategy of Japanese Firm Really Changing?," (with Yasuhiro Arikawa), in Usha C.V. Haley and Frank Jurgen Richter eds., Asian Post Crisis Management: Corporate and Government Strategies for Sustainable Competitive Advantage, Macmillan/St. Martin Press 2001.
  • "Corporate Governance, Relational Banking and R&D: Evidence from Japanese Large Firms in the 1980s and 1990s," (with Arikawa, Yasuhiro and Kato, Atsushi), International Journal of Technology Management 23, No.8.