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Article Reflections on Corporate Governance Systems
Presented by
Michihiro Kawano Tian(Fiona ) Luo
Shaoyang JianCindy Wong Sisi Li
AgendaIntroduction of Required Article 1Reflections on Required Article 1Introduction of Required Article 2Reflections on Required Article 2Industry Application
Required Article 1:
Stakeholder Rights and Corporate Governance: A Cross- National Study of Hostile Takeovers
OverviewIntroduces 3 types of stakeholders during an
uneven adoption of hostile takeover
Dataset based on 37 countries from 1988-1998
Results from hostile takeovers : Increases shareholder rights protectedDecreases when worker’s and bank’s rights
increased
Reflections on Stakeholder Rights and Corporate Governance: A cross- national study of hostile takeovers
Additional Article 1Title: Corporate Governance Systems as
Dynamic Institutions: Towards a Dynamic Model of Corporate Governance Systems
Schneper and Guillén (2004) statedShareholders are interested in hostile takeover No information about the categorization of
shareholders
Emenalo (2012):Principals & Individual Shareholders:Agent:
Additional Article 2Title: Corporate Governance for Competitive
Advantage and Cross - Culture Management
Knowledge and Culture Sharing
Main Affect – job insecurity
Method from Dr. Singhiv
Results
Policy’s Flexibility
Hostile raider threatened by new buyer
Dr Singhiv: “a customized approach”
Effect of a fair policy.
Required Article 2:
Comparative and International Corporate Governance
Overview Study the corporate ownership and the role of
labor with four perspectivessocial, economic, legal, and politics
Find the most efficient way to manage corporation with the examination successful U.S. model
Most definitions of corporate governance have limitations
Conclusion: none of these perspectives can clearly explain corporate governance at cross-national dimension explicitly by itself yet they do help us to understand the issues
Reflections on Comparative and International Corporate Governance
Additional Article 2Aguilera and Jackson (2010) stated:
The employee voice boosts the firm's productivity
Singhvi held:“Corporate Governance for Competitive
Advantage and Cross - Culture Management” illustrates a model which achieves abnormality free culture
Additional Article 1Aguilera and Jackson (2010) stated:
Agency problemSolution: Principals take the important
managerial positionProblem of the solution: Principles may not be
managerial experts Emenalo (2012)
Proposed a dynamic model of corporate governance systems
Different missions for different agents
Additional Article 3Title: Differentiated Governance of Foreign
Subsidiaries in Transnational Corporations: An Agency Theory Perspective
Multinational corporations need to change their global strategy to be efficient.Based on different locations.
Foreign subsidiaries roles Local implementersSpecialized contributorsWorld mandates
Local Implementers Local demandsDecentralized
Specialized Contributors:CompetitiveCentralized decision-making
World Mandates:Local responsiveness and global integration.Work with the headquarters and other
interdependent subsidiaries.
Industry Application
Tobacco IndustryHostile takeover: satisfy not only
shareholdersWorkersBanks
Ensure positive outcomes for jobsJob securityIntrinsic/extrinsic benefits