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