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5)Berle, A. A. & G. C. Means, The Modern Corporation and Private Property , New York, The Macmillan Company, 1932.(vTIE,´=¡æèQÝ ÒÔ-rZ¶Ìè"0736`"ùr04s!) 6)BBXPUºV".~«Ö"#m,º '&Q 1'v&~-Yr¤ñ f"0767`"1112sTÿD9!v&~>0712`=^ òÓßTcjDJr V&%UTÛX_"0713`=^u&v&r#wltm#mj&Pͨb ×F`!0715`Tkwd#&#mj&u nKmq&²íU(4P YÉTÍØQDOü=a`ûD6"ojxg}&ÒC>ÅD"9Sèº Ñ@bJÐ#ÂF`ylgjqb5LF`J[Uè = ^"5///r\UÂ÷µb[J!v&~>¡æèÂUJ[MñDJy lgjqb" P8`u&v&rUØU&~yf²í>(4 DO@aJJ[^D9!ðqSÂàµb[Jv&~V"?ã*>3U· <â=U &PYEïa²QP8_"Uâ~yf²í^U\QPè{T _wT<A`k&z&q#ivsmUgeNÁW 247
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(BOOK ONE Property in Flux: Separation of the attributes of ownership under the corporate system )$
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Critical Survey of Corporate Governance Theories
in Japan
From the Standpoint of Real Entity Theory of Corporation
KUROKAWA Hideko
The corporate governance theory has been lively discussed since 1990s in Japan under the argument in America. Many measures were adopted toward enhancement of corporate governance along the discussions, to show us that they did not work in terms of efficient business performance and business morality.
Though the reason of inability or inadequacy of the measures could be ascribable to some causes, one of the most influential factors was in the misleading theoretical discussions of corporate governance. Therefore in this paper, I try to view the discussions in its entirety and reexamine the whole process and disputed points in this serial paper.
After the reexamination, I propose a new idea of governance along the real entity theory of corporation.