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Dynamism of Corporate Governance Change: The Empirical Analysis of Outside Directors in Japanese Firms

Research Project

Project/Area Number 16K03875
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Management
Research InstitutionOsaka City University

Principal Investigator

Yamada Jin-ichiro  大阪市立大学, 大学院経営学研究科, 教授 (40325311)

Co-Investigator(Kenkyū-buntansha) 松岡 久美  香川大学, 経済学部, 准教授 (30325310)
Project Period (FY) 2016-04-01 – 2019-03-31
Project Status Completed (Fiscal Year 2018)
Budget Amount *help
¥3,510,000 (Direct Cost: ¥2,700,000、Indirect Cost: ¥810,000)
Fiscal Year 2018: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2017: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2016: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Keywords企業統治 / 社外取締役 / 取締役会 / 役割アイデンティティ / ガバナンス / 質的研究 / ガバナンス・コード / 経営戦略 / コーポレート・ガバナンス / 成長企業 / スチュワードシップ・コード / 役割認識 / 質的分析 / 成長戦略 / 出口戦略 / 外部取締役 / 利害関係
Outline of Final Research Achievements

We investigate how outside directors define their director role under institutional change using the grounded theory approach. Based the semi-structured interviews with 70 directors and executives in Japanese firms, we are able to identify some important factors that shape the outside directors’ role identity. Our findings suggest that while role identity of outside directors is quite diverse because of the role ambiguity caused by institutional change, they try to make sense of competing institutional logics influenced by executives’ sensegiving on the director role and by external expectation created by the new governance regime leading them to choose different responses. In the institutional context where agency logic has not deeply penetrated, the formation of outside directors’ role identity is subject to influences from the interactions of multiple logics and the executives’ sensegiving which aims to shape the preferred definition of the role of outside directors.

Academic Significance and Societal Importance of the Research Achievements

取締役の役割認識は内外の期待、および各自の専門的バックグラウンドや企業・取締役会の特徴により影響され形成されることが判明した.制度が大きく変化するときには、既存のルールと新しいルールの間にしばしばギャップや対立を生じさせ、それが役割に何が求められているかを現場レベルで曖昧にする傾向があることもわかった.

Report

(4 results)
  • 2018 Annual Research Report   Final Research Report ( PDF )
  • 2017 Research-status Report
  • 2016 Research-status Report
  • Research Products

    (38 results)

All 2018 2017 2016 Other

All Int'l Joint Research (4 results) Journal Article (7 results) (of which Int'l Joint Research: 1 results,  Open Access: 4 results,  Peer Reviewed: 5 results,  Acknowledgement Compliant: 1 results) Presentation (21 results) (of which Int'l Joint Research: 15 results,  Invited: 2 results) Book (3 results) Remarks (3 results)

  • [Int'l Joint Research] シンガポール経営大学(シンガポール)

    • Related Report
      2018 Annual Research Report
  • [Int'l Joint Research] グリフィス大学(オーストリア)

    • Related Report
      2018 Annual Research Report
  • [Int'l Joint Research] Singapore Management University(シンガポール)

    • Related Report
      2017 Research-status Report
  • [Int'l Joint Research] Singapore Management University(Singapore)

    • Related Report
      2016 Research-status Report
  • [Journal Article] 中小企業のガバナンス・シフト: 可能性追求のための対話に向けて2018

    • Author(s)
      林侑輝・山田仁一郎
    • Journal Title

      商工金融

      Volume: 68(9) Pages: 44-63

    • NAID

      40021660216

    • Related Report
      2018 Annual Research Report
  • [Journal Article] 街 (まち) の産学連携による事業展開: 中小企業はどのように越境し, 大学と結びつくのか2018

    • Author(s)
      新藤晴臣・山田仁一郎・小関珠音
    • Journal Title

      日本政策金融公庫論集

      Volume: 40 Pages: 77-98

    • NAID

      40021668841

    • Related Report
      2018 Annual Research Report
    • Open Access
  • [Journal Article] Decision-Making Process in Japanese Board Room. Audit & Supervisory Board as a Source of Information to Outside Board Members: A Systematic Review2018

    • Author(s)
      Ilieva, M. & Yamada, J.
    • Journal Title

      Journal of Modern Accounting and Auditing

      Volume: 14(1) Issue: 4 Pages: 17-34

    • DOI

      10.17265/1548-6583/2019.04.001

    • Related Report
      2018 Annual Research Report 2017 Research-status Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] 中小ファミリー企業の第二創業ー事業立地の戦略論パースペクティブからの理論化2018

    • Author(s)
      林侑輝・山田仁一郎
    • Journal Title

      日本ベンチャー学会誌(ベンチャー・レビュー)

      Volume: 30 Pages: 19-34

    • NAID

      130007903733

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed
  • [Journal Article] 中小ファミリー企業の第二創業ー事業立地の戦略論パースペクティブからの理論化2017

    • Author(s)
      林侑輝・山田仁一郎
    • Journal Title

      日本ベンチャー学会誌・ベンチャーレビュー

      Volume: 30 Pages: 19-34

    • NAID

      130007903733

    • Related Report
      2017 Research-status Report
    • Peer Reviewed / Open Access
  • [Journal Article] 企業家による事業の失敗に対する意味形成プロセスの解明―省察的対話における語り直しとスキーマの更新に着目して2016

    • Author(s)
      伊藤智明・足代訓史・山田仁一郎・江島由裕
    • Journal Title

      日本ベンチャー学会(ベンチャーレビュー)

      Volume: 27 Pages: 15-29

    • NAID

      130007903686

    • Related Report
      2016 Research-status Report
    • Peer Reviewed / Open Access / Acknowledgement Compliant
  • [Journal Article] M&A 交渉過程における戦略的相互作用: 日台ソルダーレジスト産業における企業買収の事例2016

    • Author(s)
      崔麗超・山田仁一郎
    • Journal Title

      経営研究

      Volume: 67(2) Pages: 19-34

    • NAID

      120006001707

    • Related Report
      2016 Research-status Report
    • Peer Reviewed / Open Access
  • [Presentation] M&A交渉過程における売却意図の貫徹2018

    • Author(s)
      崔麗超, 林侑輝,山田仁一郎
    • Organizer
      日本ベンチャー学会全国大会
    • Related Report
      2018 Annual Research Report
  • [Presentation] 技術移転における上市の決定要因2018

    • Author(s)
      坂井貴行,林侑輝, 山田仁一郎,山本裕子
    • Organizer
      日本ベンチャー学会全国大会
    • Related Report
      2018 Annual Research Report
  • [Presentation] 街(まち)の産学連携の事業展開2018

    • Author(s)
      新藤晴臣・山田仁一郎・小関珠音
    • Organizer
      研究・イノベーション学会 第33回学術大会
    • Related Report
      2018 Annual Research Report
  • [Presentation] BoD Decision-making Process for Renovation after a Prolonged Fraud: Olympus case study2018

    • Author(s)
      Ilieva, M. & Yamada, J.
    • Organizer
      Institute of Innovation Research, Summer School Workshop, Hitotsubashi University
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Unpacking the Behaviors of Japanese Firm’s Borderless M&A Negotiation Process: The Case of Cross-border and Domestic M&A Activities2018

    • Author(s)
      Lichou,S. & Yamada, J.
    • Organizer
      Academy of Management Annual Meeting,University of Chicago
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Configurations of Internal and External Corporate Governance Mechanisms That Initiated Corporate Governance Changes in Case of a Fraud: Olympus Case Study2018

    • Author(s)
      Ilieva, M. & Yamada, J.
    • Organizer
      SASE: Society for the Advancement of Socio-Economics 30th Annual Conference
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] 介護現場の対話と介護観の形成2018

    • Author(s)
      山田仁一郎・惣宇利紀子
    • Organizer
      組織学会研究発表大会
    • Related Report
      2018 Annual Research Report
  • [Presentation] 地域活性化と拘束性のジレンマ2018

    • Author(s)
      山田仁一郎・松岡久美
    • Organizer
      組織学会研究発表大会
    • Related Report
      2018 Annual Research Report
  • [Presentation] 産業ライフサイクルにおける大学発ベンチャーの役割2018

    • Author(s)
      小関珠音, 山田仁一郎,赤羽淳
    • Organizer
      組織学会研究発表大会
    • Related Report
      2018 Annual Research Report
  • [Presentation] The Costs and Benefits of Independent Directors: Effects of Firm Characteristics and Managerial Interests2017

    • Author(s)
      Yoshikawa, T., Shim, J., and Yamada, J.
    • Organizer
      Strategic Management Society Conference, Houston
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] How Is the Role Identity of Outside Directors Shaped?2017

    • Author(s)
      Yoshikawa, T. and Yamada, J.
    • Organizer
      Academy of Management Annual Meeting, Atlanta
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] The Role That Complex of Corporate Governance Mechanisms Played on Detecting and Stopping a Fraud: Olympus Case Study2017

    • Author(s)
      Ilieva, M. V. and Yamada, J.
    • Organizer
      Joint Conference of Asia Academy of Management and Taiwan Academy of Management, Kita Kyushuu Convention Center
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Information Processing in Japanese Board Room. Audit & Supervisory Board as Source of Information to Outside Board Members2017

    • Author(s)
      Ilieva, M. V. and Yamada, J.
    • Organizer
      The Association of Japanese Business Studies Annual Conference(AJBS), Dubai Convention Center
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] トップマネジメント・チームの構築過程― 中小企業の事業転換とIPOの事例研究2016

    • Author(s)
      林侑輝・山田仁一郎
    • Organizer
      日本ベンチャー学会第19回全国大会
    • Place of Presentation
      東洋大学(東京都文京区)
    • Year and Date
      2016-12-04
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] 大学発ベンチャーの組織化と出口戦略2016

    • Author(s)
      山田仁一郎
    • Organizer
      組織学会年次大会
    • Place of Presentation
      上智大学 (東京都千代田区)
    • Year and Date
      2016-10-04
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research / Invited
  • [Presentation] Antecedents of Outside Directors’ Role Identity during Institutional Change2016

    • Author(s)
      Yoshikawa, T. & Yamada, J.
    • Organizer
      Strategic Management Society 36th Annual Conference
    • Place of Presentation
      Berlin intercontinental hotel , Germany
    • Year and Date
      2016-09-20
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] 大学発ベンチャーの出口戦略2016

    • Author(s)
      山田仁一郎
    • Organizer
      日本経営学会第90回全国大会
    • Place of Presentation
      専修大学 (東京都千代田区)
    • Year and Date
      2016-09-03
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] Beyond The (Traditional) Automobile PART 2: New Capabilities and New Paradigm?2016

    • Author(s)
      Asaba, S., Okada, S., Nakano, T., Yamada, J., Lieberman, M., Fujimoto, T., Heller, D. A., MacDuffie, J. P., Park, S. J., & Gao, X.
    • Organizer
      Academy of Management Annual Meeting
    • Place of Presentation
      Anaheim Sheraton Hotel, California, U.S.A.
    • Year and Date
      2016-08-05
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] Strategic Interaction During M&A Negotiation Process: A Case Study Between Japanese and Taiwanese Firms of Solder Resist Ink Industry2016

    • Author(s)
      Cui, L., & Yamada, J.
    • Organizer
      Association of Japanese Business Studies 29th Annual Meeting
    • Place of Presentation
      New Orleans Sheraton Hotel, Louisiana, United States
    • Year and Date
      2016-06-25
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] How does role conflict affect entrepreneurial exit types? Case studies of life science entrepreneurs2016

    • Author(s)
      Yamada, J., & Yoshikawa, T.
    • Organizer
      Annual Conference of Association of Asian Studies Conference
    • Place of Presentation
      Doshisha University (Kyoto City)
    • Year and Date
      2016-06-24
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] Micro-foundation for Academic Entrepreneurship: Evidence from Japanese Ecosystem Building in Institutional Change2016

    • Author(s)
      Yamada, J.
    • Organizer
      Management Theory and Practice Conference
    • Place of Presentation
      Kyoto University (Kyoto City)
    • Year and Date
      2016-04-04
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research / Invited
  • [Book] Japanese Management in Evolution: New Directions, Breaks, and Emerging Practices2017

    • Author(s)
      Wakabayashi, N. & Yamada, J.
    • Total Pages
      326
    • Publisher
      Routledge
    • ISBN
      1138673366
    • Related Report
      2017 Research-status Report
  • [Book] 「ソーシャルビジネスとしての独立リーグのマネジメント」(柳沢和雄編『よくわかるスポーツマネジメント』)2017

    • Author(s)
      山田仁一郎・松岡久美
    • Publisher
      ミネルヴァ書房
    • Related Report
      2016 Research-status Report
  • [Book] 「グローバル地域企業の共通価値創造の戦略:香川県・日プラ株式会社・屋島水族館と地域のエンゲージメント」(忽那憲治・山田幸三編『地域創生イノベーション』)2016

    • Author(s)
      山田仁一郎・松岡久美
    • Publisher
      中央経済社
    • Related Report
      2016 Research-status Report
  • [Remarks] 社外取を活用する日本と、CEOが活用される米国:外圧と社内の期待にとまどう社外取締役の実像

    • URL

      http://business.nikkeibp.co.jp/atcl/report/15/110879/091900738/

    • Related Report
      2017 Research-status Report
  • [Remarks] 日本で社外取締役は機能するのか 気鋭の経営学者が60人対面調査で見た課題と将来

    • URL

      http://business.nikkeibp.co.jp/atcl/report/15/110879/110100477/?rt=nocnt

    • Related Report
      2016 Research-status Report
  • [Remarks] 銀行が大株主だと、経営経験がない社外取が増加 経営学者が分析、日本企業における社外取締役の選ばれ方

    • URL

      http://business.nikkeibp.co.jp/atcl/report/15/110879/030700604/

    • Related Report
      2016 Research-status Report

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Published: 2016-04-21   Modified: 2022-02-22  

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