Contents

Contributors

Preface:
Hideaki Miyajima and Yasuhiro Arikawa

Chapter 1: Overview of the Evolution of Corporate Governance: The Impact of Reforms and the Future of Japanese Firms
Yasuhiro Arikawa, Hideaki Miyajima, and Takuji Saito

Chapter 2: The Bank?Firm Relationship after the Creation of Megabanks
Yasuhiro Arikawa, Hideaki Miyajima, and Ryo Ogawa

Chapter 3: Convergence or Emerging Diversity? Understanding the Impact of Foreign Investors on Corporate Governance in Japan.
Hideaki Miyajima and Ryo Ogawa

Chapter 4: Employee Ownership in Japan.
Takao Kato, Hideaki Miyajima, and Hideo Owan

Chapter 5: Current State and Analysis of Corporate Governance Reform in Japan
-How the “Comply or Explain” Rule Can and Has Changed the Board of Directors System
Wataru Tanaka

Chapter 6: Board Evolution in Japan in the Last Twenty Years
Thanh Thi Phuong Nguyen, Katsuyuki Kubo, and Hanh Minh Thai

Chapter 7: The Effects of Opening up All-insider Boards on Firm Value and CSR: A Study from Japan.
Mariko Yasu

Chapter 8: Empirical Analysis of Public-to-Private Management Buyouts of Japanese Companies.
Takashi Saito, Takuya Kawanishi, and Shinya Kawamoto

Chapter 9: Private Debt Restructuring and Alternative Dispute Resolution in Japan
Sumio Saruyama and Xu Peng

Chapter 10: Have Large Firms in Japan Become More Likely to Have Fewer Employees?
Katsuyuki Kubo

Chapter 11: Agency Hazards and the Value of Corporate Diversification in Japan.
Tatsuo Ushijima

Chapter 12: Corporate Governance and Financial Misconduct: Is Corporate Governance Reform Effective？
Hidetaka Aoki

Chapter 13: Impact of Organizational Culture on Corporate Fraud: A Quantitative Empirical Analysis using Text Mining of Corporate Philosophy
Yoshimi Shibano

Chapter 14: Corporate Social Responsibility in Context: A Comparative Perspective on Japan
Gregory Jackson and Julia Bartosch

Chapter 15: ESG Investment and Its Impact on Japanese Companies
Naoko Nemoto

Chapter 16: Corporate Governance, Employment, and Financial Performance of Japanese firms: A Cross-Country Analysis.
Yasuhiro Arikawa, Kotaro Inoue, and Takuji Saito