The size and composition of corporate boards in Japan

Aman, H; Nguyen, P

The size and composition of corporate boards in Japan

Aman, H Nguyen, P

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Publication Type:: Journal Article
Citation:: Asian Business and Management, 2012, 11 (4), pp. 425 - 444
Issue Date:: 2012-09-01

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Field	Value	Language
dc.contributor.author	Aman, H	en_US
dc.contributor.author	Nguyen, P	en_US
dc.date.issued	2012-09-01	en_US
dc.identifier.citation	Asian Business and Management, 2012, 11 (4), pp. 425 - 444	en_US
dc.identifier.issn	1472-4782	en_US
dc.identifier.uri	http://hdl.handle.net/10453/22660
dc.description.abstract	We analyse the structure of corporate boards in Japan to determine whether they are matched to each firm's specific needs. Consistent with US findings, our results show that board size is positively related to firm size and firm complexity, and negatively related to monitoring costs. However, board independence appears to be unrelated to most firm characteristics. This suggests that Japanese boards are not optimally structured to carry out their role of advising and monitoring the firm. By closing their doors to outsiders and choosing to rely on their internal managerial resources, Japanese firms could be missing an opportunity to enhance their decision-making processes. © 2012 Macmillan Publishers Ltd.	en_US
dc.relation.ispartof	Asian Business and Management	en_US
dc.relation.isbasedon	10.1057/abm.2012.15	en_US
dc.title	The size and composition of corporate boards in Japan	en_US
dc.type	Journal Article
utslib.citation.volume	4	en_US
utslib.citation.volume	11	en_US
utslib.for	2002 Cultural Studies	en_US
utslib.for	1503 Business and Management	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Strength - CCG - Centre for Corporate Governance
utslib.copyright.status	closed_access
pubs.issue	4	en_US
pubs.publication-status	Published	en_US
pubs.volume	11	en_US

Abstract:

We analyse the structure of corporate boards in Japan to determine whether they are matched to each firm's specific needs. Consistent with US findings, our results show that board size is positively related to firm size and firm complexity, and negatively related to monitoring costs. However, board independence appears to be unrelated to most firm characteristics. This suggests that Japanese boards are not optimally structured to carry out their role of advising and monitoring the firm. By closing their doors to outsiders and choosing to rely on their internal managerial resources, Japanese firms could be missing an opportunity to enhance their decision-making processes. © 2012 Macmillan Publishers Ltd.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/22660