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UID:20160421T1616Z-1461255385.3199-EO-19586-2671@137.82.234.16
STATUS:CONFIRMED
DTSTAMP:20260819T170835Z
CREATED:20160420T220818Z
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DTSTART;TZID=America/Vancouver:20160122T153000
DTEND;TZID=America/Vancouver:20160122T163000
SUMMARY: Shareholder Primacy in Japan: Layoff\, Dividend Cuts and Corporate
Governance
DESCRIPTION: Abstract: Top managers in large Japanese firms are considered
to focus on the interests of stakeholders rather than on those of sharehold
ers. We examine employment reduction and dividend cut behaviour and find a
significant shift in firm behaviour. Since 2000\, firms have been more like
ly to reduce employees and less likely to reduce dividends. We also […]
X-ALT-DESC;FMTTYPE=text/html: Abstract:
Top managers in large Japa
nese firms are considered to focus on the interests of stakeholders rather
than on those of shareholders. We examine employment reduction and dividend
cut behaviour and find a significant shift in firm behaviour. Since 2000\,
firms have been more likely to reduce employees and less likely to reduce
dividends. We also examine the effect of corporate governance on firms’ cho
ice. Firms that have conducted director reforms tend to reduce employment a
nd have a low likelihood of reducing their dividend. These results are cons
istent with the assertion that firms have moved toward emphasizing sharehol
ders’ interests.
See full poster details he
re
URL;VALUE=URI:https://sppga.ubc.ca/events/event/shareholder-primacy-in-japa
n-layoff-dividend-cuts-and-corporate-governance/
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DTSTART:20151101T090000
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