The Japanese economy and corporate reform: What path to sustainable prosperity?

Industrial and Corporate Change

Volumn 8, Issue 4, 1999, Pages 607-633

  Lazonick, William ^a  

^a UNIVERSITY OF MASSACHUSETTS LOWELL   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0000618423     PISSN: 09606491     EISSN: None     Source Type: Journal    
DOI: 10.1093/icc/8.4.607     Document Type: Article

References (98)

1. Abegglen, J. and G. Stalk, Jr (1985), Kaisha, The Japanese Corporation. Basic Books: New York.
2. Adams, T. and I. Hoshii (1972), A Financial History of the New Japan. Kodansha International.
3. Aoki, M. and H. Patrick (eds) (1994), The Japanese Main Bank System: Its Relevance for Developing and Transforming Economies. Oxford University Press: Oxford.
4. Bisson, T. (1954), Zaibatsu Dissolution in Japan. University of California Press: Berkeley.
5. Bosworth, B. and G. Burtless (1997), 'Budget Crunch: Population Aging in Rich Countries,' Brookings Review, Summer.
6. Clark, R. (1987), Venture Capital in Britain, America, and Japan, Croom Helm: London.
7. Dore, R. (1998), 'Asian Crisis and the Future of the Japanese Model,' Cambridge Journal of Economics, 22, 773-87.
8. Dore, R., (1999), 'Japan's Reform Debate: Patriotic Concern or Class Interest? Or Both?,' Journal of Japanese Studies, 25, 65-89.
9. Endo Y. (1996), 'Historical Development of the Japanese Financial System,' in S. Hayakawa (ed.), Japanese Financial Markets. Woodhead Publishing: Abington, Cambridgeshire.
10. Furukawa, E. (1998), 'Companies Seek Handle on Shareholders,' Nikkei Weekly, 27 July.
11. Gerlach, M. (1992), Alliance Capitalism: The Social Organization of Japanese Business, University of California Press: Berkeley.
12. Goldstein (1997), 'Classing Paradigms? Total Quality, Financial Restructuring and Theories of the Firm,' Industrial and Corporate Change, 6, 665-700.
13. Hadley, E. (1970), Antitrust in Japan. Princeton University Press: Princeton, NJ.
14. Harukiyo, H. (1993), 'Japanese Employment Practices and Industrial Relations: The Road to Union "Compliance",' Japan Forum, 5, 1 April, 21-35.
15. Hatch, W. and K. Yamamura (1996), Asia in Japan's Embrace: Building a Regional Production Alliance. Cambridge University Press: Cambridge.
16. Hobday, M. (1995), Innovation in East Asia: The Challenge to Japan. Edward Elgar: Cheltenham.
17. Hodder, J. and A. Tschoegl (1993), 'Corporate Finance in Japan,' in S. Takagi (ed.),Japanese Capital Markets: New Developments in Regulations and Institutions. Blackwell: Oxford.
18. Hoya (1998), Annual Report 1998 on the Hoya website: http://www.hoya.co.jp/eng/company/index.html (in English).
19. Inoki, T. (1993), 'Recent Conditions for White-collar Workers,' Japan Labor Bulletin, 32, May, 5-8.
20. Irie, K. (1996), 'Japanese Venture Capital and its Investment in Asia,' Osaka City University Business Review, 8, 17-35.
21. Ishibashi, A. (1996), 'Companies Ease Rules on Hiring as Global Competition Mounts,' Nikkei Weekly, August 26.
22. Ishibashi, A. (1998), 'Small Businesses Reeling from Lack of Funds,' Nikkei Weekly, 4 May.
23. Ishizawa, M. (1997), '"Big Bang" Program Taking Clearer Shape,' Nikkei Weekly, 16 June.
24. Ito, K. (1995), 'Japanese Spinoffs: Unexplored Survival Strategies,' Strategic Management Journal, 16, 431-446.
25. Japan Securities Research Institute (1986), Securities Market in Japan, 1986. JSRI.
26. Kameyama, N. (1993), 'Japanese-style Employment Practices at a Turning-point?' Japan Labor Bulletin, 32(6).
27. Katz, R. (1998), Japan: The System that Soured. M. E. Sharpe.
28. Kester, W. (1991),Japanese Takeovers: The Global Contest for Corporate Control, Harvard Business School Press: Boston, MA.
29. Kobayashi, Y (1999), 'Beyond the "Manifesto for a Market-oriented Economy": Four Aspects of Governance for the Next Era,' inaugural address at the 1999 annual meeting of Keizai Doyukai, April 22.
30. Kosai, Y (1986), The Era of High-speed Growth: Notes on the Postwar Japanese Economy. University of Tokyo Press: Tokyo.
31. Lazonick, W. (1992), 'Controlling the Market for Corporate Control: The Historical Significance of Managerial Capitalism,' Industrial and Corporate Change, 1, 445-488.
32. Lazonick, W. (1995), 'Cooperative Employment Relations in Manufacturing and Japanese Economic Growth,' in J. Schor and J.-I. You (eds), Capital, The State, and Labour. Edward Elgar: Cheltenham.
33. Lazonick, W. (1998a), 'Japanese Corporate Governance and Strategy: Adapting to Financial Pressures for Change,'Jerome Levy Economics Institute Policy Brief, no. 48.
34. Lazonick, W. (1998b), Organizational Learning and International Competition,' in J. Michie and J. G. Smith (eds), Globalization, Growth, and Governance: Creating An Innovative Economy. Oxford University Press: Oxford, pp. 204-238.
35. Lazonick, W. and M. O'Sullivan (1996), 'Organization, Finance, and International Competition,' Industrial and Corporate Change, 5, 1-49.
36. Lazonick, W. and M. O'Sullivan (1997a), 'Finance and Industrial Development: The United States and the United Kingdom,' Financial History Review, 4, 7-29.
37. Lazonick, W. and M. O'Sullivan (1997b), 'Finance and Industrial Development: Japan and Germany,' Financial History Review, 4, 113-134.
38. Lazonick, W., and M. O'Sullivan (eds) (2000a), Corporate Governance and Sustainable Prosperity. Macmillan: Basingstoke (forthcoming).
39. Lazonick, W. and M. O'Sullivan (2000b), 'Maximising Shareholder Value: A New Ideology for Corporate Governance,' Economy and Society, 29, 1.
40. Miyajima, H. (1996), 'Financial Markets, Japanese,' in M. Warner (ed.), International Encyclopedia of Business and Management. Thomson Business Press: London, Vol. 2, pp. 1404-1411.
41. Morikawa, H. (1997), 'Japan: Increasing Organizational Capabilities of Large Industrial Enterprises, 1880s-1980s,' in A. Chandler, F. Amatori and T. Hikino (eds), Big Business and the Wealth of Nations. Cambridge University Press: Cambridge, pp. 307-335.
42. Morishima, M. (1995), 'Embedding HRM in a Social Context,' British Journal of Industrial Relations, 33, 617-640.
43. Morishita, K. (1996), 'Grass-roots Investors Begin Seeding Start-ups,' Nikkei Weekly, 22 April.
44. Morishita, K. (1999), 'Government Debt Soars to New Heights,' Nikkei Weekly, 24 May.
45. Nakamura, M. and K. Yamada (1996), 'Financial Institutions in Japan,' in S. Hayakawa (ed.), Japanese Financial Markets. Gresham Books.
46. Nihon Keizai Shimbun (1999a), 'Firms Move to Adopt "Shareholder Value" as Management Gauge,' 18 March.
47. Nihon Keizai Shimbun (1999b), 'Intl Blue Chips Rank High in Shareholder Value: Nikkei Survey,' 18 March.
48. Nihon Keizai Shimbun (1999c), 'Foreigners Account for Record 40% of FY98 Trading Value in Japan,' 2 April.
49. Nihon Keizai Shimbun (1999d), 'Foreign Investors Remain Net Stock Buyers for 12th Straight Week,' 15 April.
50. Nihon Keizai Shimbun (1999e), 'Banking Jobs Dwindle below 400,000 in FY98,' 20 May.
51. Nihon Keizai Shimbun (1999f), 'Companies Should Determine Business Viability,' 24 May.
52. Nihon Keizai Shimbun (1999g), 'Entrepreneurship: Govt, Private Sector Boost Support for Start-ups,' 15 June.
53. Nihon Keizai Shimbun (1999h), 'Foreign Investors Scrutinize Management of Japan Firms,' 6 July.
54. Nihon Keizai Shimbun (1999i), 'Analysis: Electrical Machinery Union to Change Wage Policy,' 9 July.
55. Nihon Keizai Shimbun (1999j), 'Stock in Focus: Kao,' July 28.
56. Nihon Keizai Shimbun (1999k), 'Sumitomo Bank to Double Investment in Start-ups,' 5 August.
57. Nikkei Weekly (1997a), 'Birth Rates at Record Low,' in Japan Economic Almanac 1997. Nihon Keizai Shimbun.
58. Nikkei Weekly (1997b), 'Getting Older,' in Japan Economic Almanac 1997.
59. Nikkei Weekly (1997c), 'Toyota Expands Venture Fund to Companies Outside Group,' 16 June.
60. Nikkei Weekly (1998), 'Credit Crunch Sign of Basic Shift in Japan's Lending Environment,' 19 January.
61. Nikkei Weekly (1999a), 'Spring Wage Talks Move Beyond Percentages,' 15 February.
62. Nikkei Weekly (1999b), 'Wave of Bankruptcies Threaten to Reach Tidal Proportions,' 19 July.
63. Nikkei Weekly (1999c), 'No Relief in Sight for Record Jobless Rate,' 2 August.
64. Nitta, M. (1995), 'The Employment Practices and Employment of Young Workers in Japan: Past Experience and Present Situation,'Japan Labor Bulletin, 34(10).
65. Nitta, M. (1997), 'Business Diversification Strategy and Employment Relations: The Case of the Japanese Chemical Textile Industry,' in M. Sako and H. Sato (eds), Japanese Labour and Management in Transition: Diversity, Flexibility, and Participation. Routledge: London.
66. Odagiri, H. (1994), Growth Through Competition, Competition Through Growth,: Strategic Management and the Economy in Japan. Oxford University Press: Oxford.
67. Odagiri, H. (1998), 'Midsize Companies Now Playing Lager Role in Japanese Economy,' Nikkei Weekly, 8 June.
68. OECD (1999), OECD Statistical Compendium, National Accounts, Private Consumption Expenditure. Organisation for Economic Cooperation and Development.
69. Ogura, S. (1994), The Cost of Aging: Public Finance Perspectives for Japan,' in Y Noguchi and D. Wise (eds), Aging in the United States and Japan. University of Chicago Press: Chicago, IL.
70. Okina, Y and A. Kohsaka (1996), 'Japanese Corporations and Industrial Upgrading: Beyond Industrial Hollowing Out,'Japan Research Quarterly, 5(2).
71. Ornatowski, G. (1998), 'The End of Japanese-style Human Resource Management?', Sloan Management Review, 39, 73-84.
72. O'Sullivan, M. (1996), 'Innovation, Industrial Development, and Corporate Governance,' Ph.D. dissertation, Harvard University.
73. O'Sullivan, M. (2000a), 'The Innovative Enterprise and Corporate Governance', Cambridge Journal of Economics (forthcoming).
74. O'Sullivan, M. (2000b), Contests for Corporate Control: Corporate Governance and Economic Performance in the United States and Germany. Oxford University Press: Oxford (forthcoming).
75. Sato, H. (1996), 'Keeping Employees Employed: Shukko and Tenseki Job Transfers - Formation of a Labor Market within Corporate Groups,' Japan Labor Bulletin, 35(12).
76. Sato, H. (1997), 'Human Resource Management Systems in Large Firms,' in M. Sako and H. Sato (eds), Japanese Labour and Management in Transition: Diversity, Flexibility, and Participation. Routledge: London.
77. Schaede, U. (1994), 'Understanding Corporate Governance in Japan: Do Classical Concepts Apply?', Industrial and Corporate Change, 3, 285-323.
78. Seike, A. (1996), 'The Pensionable Age and Extension of the Mandatory Retirement Age,' Japan Labor Bulletin, 35(10).
79. Seike, A. (1997), 'Ageing Workers,' in M. Sako and H. Sato (eds), Japanese Labour and Management in Transition: Diversity, Flexibility, and Participation. Routledge: London.
80. Seike, A. and H. Shimada (1994), 'Social Security Benefits and the Labor Supply of the Elderly in Japan,' in Y. Noguchi and D. Wise (eds), Aging in the United States and Japan. University of Chicago Press: Chicago, IL.
81. Sheard, P. (1998), 'Japanese Corporate Governance in Comparative Perspective,' Journal of Japanese Trade and Industry, 17(1).
82. Shimizu, Y (1992), 'Problems in the Japanese Financial System in the Early 1990s,' Hitolsubashi Journal of Commerce and Management, 27, 29-49.
83. Shimizu, Y (1997), 'Foreign firms take head start on "Big Bang",' Nikkei Weekly, 28 July.
84. Shimizu, Y (1999), 'Investors Take Stronger Look at Japan,' Nikkei Weekly, 29 March.
85. Sony Corporation (1998), Annual Report 1998 on Sony website: http://www.sony.co.jp/Corporate (in English).
86. Statistics Bureau, Management and Coordination Agency (1989), Japan Statistical Yearbook 1989. Tokyo.
87. Strom, S. (1999), 'Why Are Japan's Bulls Foreign-born?' International Herald Tribune, 30 March.
88. Sugeno, K. and Y Suwa (1997), 'Labour Law Issues in a Changing Labour Market,' in M. Sako and H. Sato (eds),Japanese Labour and Management in Transition: Diversity, Flexibility, and Participation. Routledge: London.
89. Suzuki (1996), 'Corporate Pension Plans Reeling as Potential Costs Outstrip Assets,' Nikkei Weekly, 7 October.
90. Takanashi, A. (1998), 'Shaky Employment Practices in Japan,' Labour Quarterly Issues, 38, Winter.
91. Tokyo Stock Exchange (1998), Fact Book 1998. TSE.
92. Toyota Motor Corporation (1998), Annual Report 1998 on the Toyota website: http://www.toyota.co.jp/Lighthouse/annual_report/message/message.html (in English).
93. Tsutsui, W (1998), Manufacturing Ideology: Scientific Management in Iwentieth-Century Japan. Princeton University Press: Princeton, NJ.
94. Yahata, S. (1996), 'Small and Medium-sized Enterprise (SME) Moving Offshore,' Japan Labor Bulletin, 35(5).
95. Yokoyama, K. (1999), 'Companies Move to Tap Female Talent,' Nikkei Weekly, 9 August.
96. Yokota, K. (1997), 'Bank Failure Boosts Calls to Use Public Funds,' Nikkei Weekly, 24 November.
97. Zielinski, R. and N. Holloway (1991), Unequal Equities: Power and Risk in Japan's Stock Market. Kodansha International: Tokyo.
98. Ziemba, W (1991), 'The Chicken or the Egg: Land and Stock Prices in Japan,' in W Ziemba, W Bailey and Y Hamao (eds),Japanese Financial Market Research. North-Holland: Amsterdam.