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- W2077308961 abstract "In the 1980s, as Japan reaped the rewards of its extraordinary economic development of the post-World War II decades, companies around the world sought to learn from Japanese managerial practices. Even as in the United States, financial interests, including a growing number of corporate CEOs, were more aggressively advocating ‘maximization of shareholder value’ as a managerial ideology; within American industrial corporations slogans such as ‘total quality management’ also vied for attention (Goldstein, 1997). But the collapse of Japan’s bubble economy in 1990 and the persistence of recessionary conditions during the 1990s have raised doubts about the viability of the ‘Japanese model’, particularly in the West but increasingly in Japan as well. Japan’s negative rates of economic growth in 1997 and 1998 have prompted calls for Japanese corporations to embrace the corporate governance principle of maximizing shareholder value" @default.
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- W2077308961 date "1999-12-01" @default.
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- W2077308961 title "The Japanese economy and corporate reform: what path to sustainable prosperity?" @default.
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- W2077308961 doi "https://doi.org/10.1093/icc/8.4.607" @default.
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