2009 Fiscal Year Final Research Report
Countervailing Power System of Corporate Governance
| Project/Area Number |
19730249
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Business administration
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| Research Institution | Wakayama University |
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Principal Investigator |
LI Donghao Wakayama University, 経済学部, 准教授 (40403224)
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| Project Period (FY) |
2007 – 2009
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| Keywords | 中国企業 / 企業統治 / 日本企業 / 牽制 |
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| Research Abstract |
Although in China recently, with the progresses of "Reform of Modern Enterprises" and the deepening of privatization, the intensive state-owned structure of shareholder ownership system was significantly improved, There still remain large gaps between major shareholders' ownership percentage, which hard to lead to the effective restraints or countevailing power relationships inside the companies, and this also make companies would have an unstable growth of short-term performance. Meanwhile, Japanese companies, based on the long-term stable cross-shareholding system, long-term multi-faceted performance appraisal system, reasonable restraints and countervailing power relationships are working more, as regard to the long-term sustainable business growth.
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