The effects of ownership and capital structure on board composition and strategic diversification in Japanese corporations

• Main Authors: Yoshikawa, Toru, PHAN, Phillip H.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: Corporate governance; ownership structure; board of directors; diversification; Japanese firm; Asian Studies; Business Law, Public Responsibility, and Ethics; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/2720; https://ink.library.smu.edu.sg/context/lkcsb_research/article/3719/viewcontent/EffOwnershipKStructureBoardComp_2005.pdf
• Institution: Singapore Management University

The board of directors plays an important role in solving the agency problem between shareholders and management. This paper investigates the relationships between ownership and board structure with the diversification strategy of large Japanese firms. The results show that corporate nominee directo...