Information, Corporate Governance, and Institutional Diversity: Competitiveness in Japan, the USA…

Hardcover | October 1, 2000

byMasahiko AokiAs told byStacey Jehlik

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This book uses comparative institutional analysis to explain differences in national economic performance. Countries have their own rules for corporate governance and they have different market arrangements; and these differences in rules and organization affect the way firms behave. Countriesalso tend to develop conventions of organizational architechture of firms-whether their hierarchies are functional, horizontal, or decentralized. This affects the way in which they process information, and information management is increasingly seen as being of crucial importance to a firm'sperformance. Aoki accords more importance to these factors than to the factors conventionally used in applying a neoclassical model of economic efficiency. He applies game theory, contract theory, and information theory. By describing the rules and norms in Japan, the USA, and the transitional economies, Aokishows how firms can achieve competitive advantage in international markets if these conventions and rules are well suited to the industrial sector in which the firms operate. He is particularly concerned with how Japan, with its main bank and lifelong employment systems, as well asinformation-sharing firm organizational structure, might reform its institutions to maintain competitive advantage in the world economy.

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This book uses comparative institutional analysis to explain differences in national economic performance. Countries have their own rules for corporate governance and they have different market arrangements; and these differences in rules and organization affect the way firms behave. Countriesalso tend to develop conventions of organiz...

Masahiko Aoki is Henri and Tomoye Takahashi Professor of Japanese Studies and Professor of Economics at Stanford University and Director-General of the Research Institute of Japan's Ministry of International Trade and Industry. His work on the theory of the firm, the Japanese economy, and comparative economic institutions has given ri...

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Format:HardcoverDimensions:200 pages, 8.5 × 5.43 × 0.63 inPublished:October 1, 2000Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198297033

ISBN - 13:9780198297031

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Table of Contents

1. What is Comparative Institutional Analysis?2. . Organizational Diversity and Comparative Informational Efficiency3. The Evolutionary Game and Multiple Equilibria4. Institutional Complementarity and Corporate Governance5. The Main Bank System and Government Regulations6. Relevance to Corporate Governance in Transition Economies7. Gains from Diversity and Institutional Reform in the Japanese EconomyPostscript 2000Appendix. Towards a Comparative Institutional Analysis: Motivations and Some Tentative Theorizing