Employeeism, corporate governance, and the J-firm

Article Abstract:

The combination of external corporate governance with internal employeeism, a people-oriented management philosophy, makes the Japanese firm appear to be employee-managed. A study relying on the Holmstrom scheme and the principal-agency paradigm suggests interdependence between governance, particularly by the main bank, and employeeism. The main bank can control outside investment efforts, but employeeism discourages mergers and restructuring because promotions are made mostly from within.

DEPOSITORY INSTITUTIONS, Banking industry, Japan, Human resource management, Corporations, Corporations, Japanese

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Corporate governance and employee ownership in an economic crisis: enterprise strategies in the former USSR

Article Abstract:

A study was conducted to describe the connection between employee ownership and corporate governance of privatized companies in three former USSR countries subjected to economic crisis. Employee ownership was found to be fairly insignificant in terms of needed labor and retrenchment decisions, although ouside investors are linked to more active asset retrenchment. Decisions were found to be more influenced by nongovernance variables such as the extent of the industry crisis.

Management Functions, Research, Employee ownership, Former Soviet Union

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Public governance as the source of quality and variety gains from transition

Article Abstract:

The reasons for transitions from centrally planned economy to regulated mixed-market economy, which is based on public governance, are presented. The role of public governance in improving the corporate performance in the form of product variety and quality is observed.

Germany, Government Regulation, Analysis, Political aspects, Comparative analysis, Business-government relations, Economic systems, Business performance management

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