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題名 Corporate misconduct in Japan: a view from comparative corporate governance
作者 蘇威傑
Su, Weichieh;Aoki, Hidetaka;Yamanoi, Junichi;Tsang, Eric W. K.
貢獻者 國貿系
關鍵詞 Corporate misconduct; Comparative corporate governance; Stakeholder logic; Shareholder logic; Foreign ownership; CEO tenure; Stock options; Japan
日期 2026-06
上傳時間 4-Sep-2026 13:56:48 (UTC+8)
摘要 This study investigates the factors affecting corporate misconduct by examining the transformation of corporate governance in Japan. We hypothesize that the traditional Japanese business system, which adheres to stakeholder logic, is less prone to misconduct, whereas the infusion of shareholder logic by foreign institutional investors increases the likelihood of corporate misconduct. We test our hypotheses using a sample of Japanese firms from 2009 to 2013. The results indicate that foreign ownership is positively associated with corporate misconduct. Furthermore, under stakeholder logic, long CEO tenure mitigates the effect of foreign ownership on misconduct while, under shareholder logic, stock options intensify this effect. This study highlights that incompatible corporate governance practices may have negative consequences for corporate behavior.
關聯 Asia Pacific Journal of Management, Vol.43, pp.843-867
資料類型 article
DOI https://doi.org/10.1007/s10490-025-10038-0
dc.contributor 國貿系
dc.creator (作者) 蘇威傑
dc.creator (作者) Su, Weichieh;Aoki, Hidetaka;Yamanoi, Junichi;Tsang, Eric W. K.
dc.date (日期) 2026-06
dc.date.accessioned 4-Sep-2026 13:56:48 (UTC+8)-
dc.date.available 4-Sep-2026 13:56:48 (UTC+8)-
dc.date.issued (上傳時間) 4-Sep-2026 13:56:48 (UTC+8)-
dc.identifier.uri (URI) https://ah.lib.nccu.edu.tw/item?item_id=184762-
dc.description.abstract (摘要) This study investigates the factors affecting corporate misconduct by examining the transformation of corporate governance in Japan. We hypothesize that the traditional Japanese business system, which adheres to stakeholder logic, is less prone to misconduct, whereas the infusion of shareholder logic by foreign institutional investors increases the likelihood of corporate misconduct. We test our hypotheses using a sample of Japanese firms from 2009 to 2013. The results indicate that foreign ownership is positively associated with corporate misconduct. Furthermore, under stakeholder logic, long CEO tenure mitigates the effect of foreign ownership on misconduct while, under shareholder logic, stock options intensify this effect. This study highlights that incompatible corporate governance practices may have negative consequences for corporate behavior.
dc.format.extent 106 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) Asia Pacific Journal of Management, Vol.43, pp.843-867
dc.subject (關鍵詞) Corporate misconduct; Comparative corporate governance; Stakeholder logic; Shareholder logic; Foreign ownership; CEO tenure; Stock options; Japan
dc.title (題名) Corporate misconduct in Japan: a view from comparative corporate governance
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1007/s10490-025-10038-0
dc.doi.uri (DOI) https://doi.org/10.1007/s10490-025-10038-0