Academic Conference

Corporate Governance from an International Perspective: Diversity or Convergence

Announcement

Corporate governance has emerged as a central theme in comparative studies and in debates over globalization of financial market. The academic conference will bring together leading international scholars engaging in comparative institutional analysis of corporate governance in Europe, North America and East Asia.

Our aim is to move beyond static comparisons, and collectively explore the dynamic evolution of institutional diversity. We will collectively explore the following themes:

  • the relationship between legal reform and corporate practice;
  • the extent and impact of changes in national corporate governance institutions since the mid-1990s;
  • the relationship between internationalization and the national diversity of corporate governance;
  • the institutional linkages and complementarities between (changes in) ownership and finance, on one hand, and the role of employees within corporate governance, on the other;

The conference format is intended to encourage academic discussion around papers presented by invited scholars. Hence the attendance to the conference will be on an invitation-basis, and closed to the general public. Invitation will be sent by e-mail, so if you wish to attend, please register according to the instruction therein.

Following the Academic Conference, a Public Symposium (RIETI Policy Symposium) will be co-hosted by Japan Association of Corporate Executives, Japan Association of Corporate Directors and RIET on January 10. Please refer to more detailed information. (link to information page for the Symposium)

Information

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

* RIETI Policy Symposium "Corporate Governance from an International Perspective: Diversity or Convergence" is now closed. We thank the participants and those who are interested in the symposium.

Program: Wednesday January 8

9:00-9:15 Introduction
9:15-12:00 Session 1
9:15-11:15
Professor AOKI Masahiko
"Comparative Institutional Analysis of Corporate Governance"
Professor ALLEN Franklin
"A Comparative Theory of Corporate Governance"
Discussants:
Professor YANAGAWA Noriyuki
Professor HOSHI Takeo
11:15-11:30 - Coffee Break -
11:30-12:30
Professor Curtis MILHAUPT
"Nonprofit Organizations as Investor Protection: Explaining the Puzzle of Corporate Law Enforcement in East Asia"
Discussants:
Professor JANG Hasung
Professor SHISHIDO Zenichi
12:30-14:00 Lunch
14:00-17:30 Session 2
14:00-16:00
Professor Oren SUSSMAN
"Financial Distress and Bank Restructuring of Small to Medium Size UK Companies"
Professor XU Peng
"Bankruptcy Resolution in Japan : Reorganization vs. Rehabilitation"
Discussants:
Professor Franklin ALLEN
Professor YANAGAWA Noriyuki
16:00-16:30 - Coffee Break -
16:30-17:30
Professor MIYAJIMA Hideaki and Professor ARIKAWA Yasuhiro
"Investment and Corporate Governance: Evidence from Japan in the 1990s"
Discussants:
Professor XU Peng
Professor Colin MAYER

Program: Thursday January 9

9:00-12:00 Session 3
9:00-11:00
Dr. Gregory Jackson
"Employees in German Corporate Governance: Changing Institutional Linkages, Complementarities and Tensions"
Professor ABE Masahiro and Professor HOSHI Takeo
"Recent Changes in the Japanese Corporate Governance"
Discussants:
Professor SAKO Mari
(tbc)
11:00-11:30 - Coffee Break -
11:30-12:30
Professor Colin MAYER
"The Origination and Evolution of the Ownership and Control"
Discussants:
Dr. Gregory JACKSON
Professor MIYAJIMA Hideaki
12:30-14:00 Lunch
14:00-17:30 Session 4
14:00-16:00
Dr. TONG Daochi
"Corporate Governance Reform and China's Capital Market Development"
Professor HU Angang
"Corporate Governance in China in the Transitional Era: A Review and A Foresight"
Discussants:
Mr. TSUGAMI Toshiya
Professor AOKI Masahiko
16:00-16:30 - Coffee Break -
16:30-17:30
Professor JANG Hasung
"Evolution of Corporate Governance in Korea after the economic crisis"
Discussants:
Professor OKAZAKI Tetsuji
Dr. TSURU Kotaro
17:30-18:00 Quick Wrap-up

Confirmed Scholars and Respective Themes

Name and Affiliation Theme
Masahiro ABE, RIETI, Dokkyo University
Takeo HOSHI, RIETI, University of California, San Diego
Recent Changes in the Japanese Corporate Governance
Franklin ALLEN, University of Pennsylvania A Comparative Theory of Corporate Governance
Masahiko AOKI, RIETI, Stanford University Comparative Institutional Analysis of Corporate Governance
ARIKAWA Yasuhiro, RIETI, Yamagata University
MIYAJIMA Hideaki, Waseda University
Investment and Corporate Governance in the 1990s
HU Angang, Tsinghua University Corporate Governance in China in the Transitional Era: Review and Foresight
Gregory JACKSON, RIETI Employees in German Corporate Governance: Changing Institutional Linkages, Complementarities and Tensions
JANG Hansung, Korea University Evolution of Corporate Governance in Korea after the economic crisis
Collin MAYER, Said Business School, University of Oxford The Origination and Evolution of the Ownership and Control
Curtis MILHAUPT, Columbia University Nonprofit Organizations as Investor Protection: Explaining the Puzzle of Corporate Law Enforcement in East Asia
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 : Reorganization vs. Rehabilitation
TONG Daochi, China Securities Regulatory Commission Corporate Governance Reform and China's Capital Market Development
Tetsuji OKAZAKI, RIETI, University of Tokyo Discussant
SAKO Mari, RIETI, Said Business School, University of Oxford Discussant
SHISHIDO Zenichi, Seikei University Discussant
TSUGAMI Toshiya, RIETI Discussant
TSURU Kotaro, RIETI Discussant
YANAGAWA Noriyuki, University of Tokyo Discussant