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| Tekijä: | Yoshikawa, T. Phan, P. H. |
| Otsikko: | The performance implications of ownership-driven governance reform |
| Lehti: | European Management Journal
2003 : DEC, VOL. 21:6, p. 698-706 |
| Asiasana: | Corporate governance Stakeholders Agency theory Board of directors Company ownership |
| Kieli: | eng |
| Tiivistelmä: | The authors explore the performance impact of recent changes in foreign shareholdings and boardroom reforms in Japan. They found that although participation of outside directors in strategic decision-making was associated with positive stock returns, the increase in the ratio of outside directors, the separation of the board members and executive officers, and the reduction of board size were not related to firm performance. |
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