Autumn International Forum

Good Governance and Market Discipline as Determinants of Corporate Competitiveness

organized jointly by
Chung-Ang University, Hitotsubashi University and Waseda University



Date: October 21, 2004

Venue: Meeting Room, 4F of the Institute of Economic Research, Hitotsubashi University



Program

10.00- 10.20Registration
 
10.20- 10.25Welcome Remarks
 

Masaaki Kuboniwa ( Hitotsubashi University)

  
10.25- 10.30
Greeting and Introductory Remarks
  Bonghan Yoon (Chung-Ang University)
 
  Session 1: CEO, Incentives and Corporate Performance
 Session Chair: Juro Teranishi (Hitotsubashi University)
 
10.30- 11.00

When Will My Boss Step Down: Tenure Rules in Top Executive Change in Japanese Firms

  

Hyosun Kim (Chung-Ang University)

 
 Discussant: Naohito Abe (Hitotsubashi University)
 
11.00- 11.30Determinants and Consequences of Non-financial Incentive for Directors: Case in Japan
 
Katsuyuki Kubo (Waseda University) and Takuji Saito (Waseda University)
  
 Discussant: Kukhyun Choe (Chung-Ang University)
  
11.30- 12.00
 Sanghoon Ahn (Hitotsubashi University and HKUST), Utpal Bhattacharya (Indiana University), Taehun Jung (Hitotsubashi University), and Giseok Nam (Hitotsubashi University)
  
  Discussant: Seki Obata (Keio University)
  
12.00- 13.00--- Lunch Break ---
 

 

 Session 2: Market Discipline, Banking Relationship, and Corporate Governance
 
Session Chair: Bonghan Yoon (Chung-Ang University)
  
13.00- 13.30Information Transmission between Dually-Traded Stocks of Asian Firms and the Asian Financial Crisis
  Dong-Soon Kim (Chung-Ang University) and Dongcheol Kim (Korea University)
 
 Discussant: Kentaro Iwatsubo (Hitotsubashi University)
 

 

13.30- 14.00Relational Banking in post Bubble Japan: Co-existence of soft-and hard budget constraint
 
Yasuhiro Arikawa (Waseda University) and Hideaki Miyajima (Waseda University)
 

 Discussant: Sooyoung Song (Chung-Ang University)
  
14.00- 14.30 Do Firms with Good Corporate Governance Practices Pay More Dividends? Evidence from Korean Business Groups
 Kwangwoo Park (Chung-Ang University), Lee-Seok Hwang (Seoul National University) , Raesoo Park (Gyeongsang National University)
 

 

 Discussant: Kazunori Suzuki (Chuo University)
 
14.30 - 15.00Do Large Shareholders Monitor or Collude with Banks in Japan?
 Masaharu Hanazaki (Development Bank of Japan), Jung Wook Shim (Hitotsubashi University) , Toshiyuki Souma(Kyoto Gakuen University), and Yupana Wiwattanakantang (Hitotsubashi University)
 
 
Discussant: Kyung Suh Park (Korea University)
  
15.00- 15.15--- Coffee Break ---
  
 
Session3: Panel Discussion
 

Session Chair: Hideaki Miyajima (Waseda University)

 
15.15- 16.00 

"How Firms can be Globally Competitive? The Case of Japan and Korea"

 Juro Teranishi (Hitotsubashi University)
Hideaki Miyajima (Waseda University)
Sang-Woo Nam (ADB Institute)
Kwang Suon Chung (Chung-Ang University)
Yong Wook Jun (Chung-Ang University)
  
16.00- 16.15Ending Remarks
  Bonghan Yoon (Chung-Ang University)
 Juro Teranishi (Hitotsubashi University)
Hideaki Miyajima (Waseda University)
  
17.00-

--- Reception ---

 

 

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