Institutional Approach to Global Corporate Governance: Business Systems and Beyond -- Copyright Page -- Contents -- List of Contributors -- Part I: An Overview - Corporate Governance and Global Context -- Chapter 1. Probing Corporate Governance Globally: Impacts of Business Systems and Beyond -- 1. Introduction -- 2. Internal Governance Mechanisms -- 3. External Governance Mechanisms -- 4. Business Systems and Beyond -- 5. Conclusions -- Note -- Acknowledgements -- References -- Chapter 2. How ''Attractive'' is Good Governance for FDI? -- 1. Introduction -- 2. Institutional Determinants of FDI -- 3. Empirical Analysis -- 4. Results -- 5. Conclusions -- Notes -- Acknowledgements -- References -- Part II: The Enlarged Stakeholder Perspective -- Chapter 3. How Do Japanese Banks Discipline Small- and Medium-Sized Borrowersquest an Investigation of the Deployment of Lending Technologies -- 1. Introduction -- 2. Lending Technology -- 3. Data -- 4. Lending Technology Indices -- 5. Complementarity Among the Lending Technologies -- 6. Conclusion -- Notes -- Acknowledgments -- References -- Appendix A1 -- Appendix A2 -- Chapter 4. Business-Society Reciprocity as a Guideline for Global Corporate Governance -- 1. Introduction -- 2. Multifunctionalism -- 3. Stakeholderism -- 4. Multiculturalism -- 5. Reciprocity in Business-Society Interface -- 6. Conclusion -- References -- Chapter 5. Expanding the Limits of Corporate Responsibility: An Institutional Approach -- 1. The Current Status of the Private Corporation in International Forums -- 2. Addressing Conceptual Flaws Through a Process of Institution Building -- 3. Conclusion -- Notes -- References -- International Instruments -- Cases -- Other References -- Chapter 6. The Theory and Practice of Government De-Regulation -- 1. Introduction -- 2. Separation of Executive and Governance Powers.

3. Contractual Communications Systems Independent of Management -- 4. Defining Good Governance in Terms of Outcomes not Practices -- Notes -- Acknowledgments -- References -- Part III: Internal Governance Mechanisms - Board of Directors and Executive Compensation -- Chapter 7. Corporate Governance Mechanisms and Performance Related CEO Turnover -- 1. Introduction -- 2. Corporate Governance Mechanism: Related Literature and Motivation -- 3. Data and Measurement Issues -- 4. Empirical Methodology -- 5. Conclusion -- Notes -- References -- Chapter 8. Size and Advisory Role of Corporate Boards -- 1. Introduction -- 2. Prior Literature and Hypothesis Development -- 3. Data Description -- 4. Multivariate Testing Results -- 5. Sensitivity and Robustness Check -- 6. Conclusion -- Notes -- References -- Chapter 9. Financial Contracts for CEOs: Expropriation or Effective Corporate Governance? -- 1. Introduction -- 2. Data and Compensation Variables -- 3. Methodology and Empirical Results -- 4. Conclusions -- Notes -- Acknowledgements -- References -- Chapter 10. Corporate Governance and Interlisted Stocks: The Persistence of Country-Specific Traits -- 1. Introduction -- 2. The Canadian Governance Context -- 3. Corporate Governance and Executive Compensation -- 4. Substitution of Governance Mechanisms and National Context -- 5. Does Cross-Listing Promote Governance Convergence? -- 6. Research Hypotheses and Methodology -- 7. Discussion of Empirical Results -- 8. Conclusions and Directions for Future Research -- Notes -- Acknowledgments -- References -- Part IV: Ownership and Control -- Chapter 11. The Information Content of Ticker Symbol Change: Evidence From Multiple Class Shares -- 1. Introduction -- 2. Institutional Background and Hypotheses -- 3. Data and Methodology -- 4. Results -- 5. Conclusions -- Notes -- Acknowledgements -- References.

Appendix A. Headline Media Inc. -- Chapter 12. The Dual Roles of Japanese Main Banks: Contrast Before and after the Bubble-Bursting -- 1. Introduction -- 2. Dual Role of the Main Bank and Hypothesized Effects -- 3. Data -- 4. Empirical Results -- 5. Robustness Check -- 6. Conclusions -- Notes -- Acknowledgment -- References -- Part V: The Impact of Legal Tradition -- Chapter 13. Legal Rights Matter: Evidence from Panel Data on Creditor Protection and Debt -- 1. Introduction -- 2. Data -- 3. Country-Level Analysis -- 4. Firm-Level Analysis: Leverage and Maturity -- 5. Extension: Legal Origin -- 6. Conclusion -- Notes -- References -- Appendix. Variable Definitions -- Chapter 14. Derivative Claims, the UK Companies Act 2006 and Corporate Governance: A Roadmap to Nowhere? -- 1. Introduction -- 2. Deficiencies in the Common Law and the Approach to Reform -- 3. The Derivative Claim Under the Companies Act 2006 -- 4. An Assessment of the Likely Impact of the New Regime -- 5. Conclusion -- Notes -- Acknowledgements -- References -- Law Reform Commission Reports -- Chapter 15. Corporate Governance and Ultimate Control -- 1. Introduction -- 2. Institutions, Ownership Structure, and Control -- 3. Data and Descriptive Statistics -- 4. Empirical Analysis -- 5. Conclusion -- Notes -- Acknowledgements -- References -- Chapter 16. Scorecard on Corporate Governance in East Asia: A Comparative Study -- 1. Introduction -- 2. Literature Review -- 3. Corporate Governance Rules and Regulations -- 4. Conclusion -- Notes -- Acknowledgments -- References -- Appendix A -- Appendix B -- Appendix C -- Part VI: Extra-Legal Institutions -- Chapter 17. The Nature of Political Connections and Firm Value -- 1. Introduction -- 2. Politics and Corporate Governance in China -- 3. Descriptions of Data -- 4. Empirical Results and Discussions -- 5. Additional Considerations.

6. Conclusion -- Notes -- Acknowledgements -- References -- Chapter 18. An End of History for Corporate Governancequest the Resilience of Culture -- Introduction -- The End of History for the Modern Corporationquest -- 'Hardwiring' Culture -- Corporate Governance and Differences -- Searching for Good Governance -- Transplanting Change -- Ownership, Shareholders and Relationships -- Conclusion -- Notes -- References.