Corporate Social Responsibility and Corporate Finance in Japan
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Beschreibung
This book explores the linkages between the evolution of corporate social responsibility (CSR) and corporate financing and governance in Japan since the late 2000s. Since the 1990s, increasing economic and financial globalization has steadily eroded the Japanese style of business based on relationships and influenced the awareness and practices of CSR that are unique to Japanese companies. In Japan’s two “lost decades” after the bubble economy, the business model and corporate financing seem to have continued a gradual financial reform toward a more market-oriented system. CSR awareness and practices of Japanese companies have been influenced by social and environmental issues that global society and communities face. Furthermore, the Fukushima nuclear accident in 2011 triggered increasing attention paid to the responsibility of business toward society. In this process, major players in corporate governance and components of governance structure have continued to change. The conventional view of Japanese corporate governance and corporate finance is too narrow to understand this field in Japan. This book is based on empirical research to investigate how multifaceted CSR has aligned with business and finance and has influenced the corporate governance structure of Japanese companies. The findings and discussions in this book act are stepping stones in further research on the linkages between business and society, and provide empirical evidence on changes in Japanese corporate finance and governance.
This book explores the linkages between the evolution of corporate social responsibility (CSR) and corporate financing and governance in Japan since the late 2000s. Since the 1990s, increasing economic and financial globalization has steadily eroded the Japanese style of business based on relationships and influenced the awareness and practices of CSR that are unique to Japanese companies. In Japan’s two “lost decades” after the bubble economy, the business model and corporate financing seem to have continued a gradual financial reform toward a more market-oriented system. CSR awareness and practices of Japanese companies have been influenced by social and environmental issues that global society and communities face. Furthermore, the Fukushima nuclear accident in 2011 triggered increasing attention paid to the responsibility of business toward society. In this process, major players in corporate governance and components of governance structure have continued to change. The conventional view of Japanese corporate governance and corporate finance is too narrow to understand this field in Japan. This book is based on empirical research to investigate how multifaceted CSR has aligned with business and finance and has influenced the corporate governance structure of Japanese companies. The findings and discussions in this book act are stepping stones in further research on the linkages between business and society, and provide empirical evidence on changes in Japanese corporate finance and governance.
Explores the evolving CSR strategies for long-term success and sustainability of business in changing social and environmental surroundings Examines changes in the business model and corporate governance and financing peculiar to Japanese companies in transition to a more market-oriented system Provides a comparative view of the linkage between CSR activities and corporate performance among countries with different regulatory, economic, and cultural backgrounds
Autor*in
Megumi Suto
Themen in »Corporate Social Responsibility and Corporate Finance in Japan«
Corporate social responsibility Corporate social performance Corporate governance Stakeholder relationship Sustainability Japanese management system
Stimmen zu »Corporate Social Responsibility and Corporate Finance in Japan«
“Both investors and companies are involved in the environmental, social, and governance (ESG) boom in Japan. This book brings to light comprehensive research on the relationships between corporate social responsibility (CSR) and corporate finance and investment. I recommend that professional investors read this book before making ESG investments. Corporate managers can also find helpful suggestions for CSR activities in the book.” (Translated from Japanese, Hidetaka Kawakita, Securities Analyst Journal, Vol. 2, 2019)
“This fascinating book provides the first comprehensive empirical research on the corporate social responsibility of Japanese companies viewed from a corporate finance perspective. The book is an outstanding contribution that offers many remarkable empirical results.” (Translated from Japanese, Motornari Kurasawa, The Journal of Financial and Securities Markets, Vol. 5 (3), 2019)
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