Showing papers on "Corporate group published in 1984"
TL;DR: In this article, personal interviews and analyses of group associations of listed Japanese corporations support three principal findings: (i) that historical and cultural determinants provide significant contrasts between corporate group associations in Japan and Anglo-American nations; (ii) that the adoption of consolidation in Japan represented a response to situation-specific change stimuli rather than a general acceptance of the intrinsic merit of consolidation.
Abstract: The adoption by Japan of consolidated corporate reporting in 1977 may be viewed as an instance of the international transfer of Anglo-American practices of corporate reporting, and as a step towards international harmonization of accounting. Consolidation practices in Anglo-American nations are based on assumptions about the nature of corporate group associations. This paper examines the applicability of these assumptions to the corporate context in Japan. Personal interviews and analyses of group associations of listed Japanese corporations support three principal findings: (i) that historical and cultural determinants provide significant contrasts between corporate group associations in Japan and Anglo-American nations; (ii) that Anglo-American methods of consolidation fail to reflect adequately the nature of corporate group associations in Japan; and (iii) that the adoption of consolidation in Japan represented a response to situation-specific change stimuli rather than a general acceptance of the intrinsic merit of consolidation. The findings have implications for international accounting.
37 citations
Book•
01 Jan 1984
TL;DR: Aoki et al. as mentioned in this paper discussed the internal organization and industrial relations of Japanese firms, and the effect of trade unions on productivity in Japanese manufacturing industries, as well as the economic role of financial corporate grouping.
Abstract: Preface. Introduction. I: Aspects of the Japanese Firm (M. Aoki). Part One: The Internal Organization and Industrial Relations. II: Skill Formations Systems in the U.S. and Japan: A Comparative Study (K. Koike). III: Labor Mobility and Job Tenure (T. Tachibanaki). IV: The Effect of Trade Unions on Productivity in Japanese Manufacturing Industries (K. Muramatsu). Comments on II, III and IV: De-Mystifying the Japanese Labor Markets (R. Freeman). Part Two: Personal Saving and Corporate Finance. V: The Bonus Payment and Japanese Personal Savings (T. Ishikawa and K. Ueda). VI: Shareholders' Non-Unanimity on Investment Financing: Banks vs. Individual Investors (M. Aoki). Part Three: External Relations. VII: The Economic Role of Financial Corporate Grouping (I. Nakatani). Mathematical Appendix: Risk Sharing in the Corporate Group (M. Aoki). VIII: The Government in a Spiral Dilemma: Dynamic Policy Interventions vis-a-vis Auto Firms. C.1900-C.1960 (T. Yakushiji). Comments on V, VI and VII. The Ownership and Financing of Corporations (M. King). Comments on VII and VIII. Counterpoint on Business Groupings and Government-Industry Relations in Automobiles (E. Hadley). Part Four : Managerial Efficiency and the Motivation System. IX: The Japanese Management System: An X-Efficiency-Game Theory Analysis (H. Leibenstein). X: Reshuffling Firms for Technology? An Aggregate Time Series Analysis of B. Klein's ``Dynamic Efficiency'' (T. Yakushiji). XI: Corporate Loyalty and Bonus Payments: An Analysis of Work Incentives in Japan (M. Okuno). Comments on IX and XI. Some Reflections on the Japanese Motivation System (T. Blumenthal). Index.
21 citations