This book explores the linkages between the evolution of corporate
social responsibility (CSR) and corporate financing and governance
in Japan since the late 2000s. Since the 1990s, increasing economic
and financial globalization has steadily eroded the Japanese style
of business based on relationships and influenced the awareness and
practices of CSR that are unique to Japanese companies. In Japan's
two "lost decades" after the bubble economy, the business model and
corporate financing seem to have continued a gradual financial
reform toward a more market-oriented system. CSR awareness and
practices of Japanese companies have been influenced by social and
environmental issues that global society and communities face.
Furthermore, the Fukushima nuclear accident in 2011 triggered
increasing attention paid to the responsibility of business toward
society. In this process, major players in corporate governance and
components of governance structure have continued to change. The
conventional view of Japanese corporate governance and corporate
finance is too narrow to understand this field in Japan. This book
is based on empirical research to investigate how multifaceted CSR
has aligned with business and finance and has influenced the
corporate governance structure of Japanese companies. The findings
and discussions in this book act are stepping stones in further
research on the linkages between business and society, and provide
empirical evidence on changes in Japanese corporate finance and
governance.
General
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