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Economic Organizations and Corporate Governance in Japan$
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Curtis J. Milhaupt and Mark D. West

Print publication date: 2004

Print ISBN-13: 9780199272112

Published to Oxford Scholarship Online: August 2004

DOI: 10.1093/0199272115.001.0001

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Sokaiya

Sokaiya

Chapter:
(p.109) 5 Sokaiya
Source:
Economic Organizations and Corporate Governance in Japan
Author(s):

Curtis J. Milhaupt (Contributor Webpage)

Mark D. West (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0199272115.003.0005

Chapters 5 and 6 examine the dark side of Japanese economic institutions. Discusses the unusual and problematic form that shareholder activism has traditionally taken in Japan—professional disturbers of shareholders meetings, or ‘sokaiya’. Again we see the impact of institutions on behaviour, as the workings of the sokaiya are directly linked to the quality of corporate information disclosure in Japan, a function of the institutional environment in which Japanese firms operate.

Keywords:   corporate information disclosure, economic institutions, Japan, shareholder activism, sokaiya

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