ナカガワ リョウヘイ   Ryohei NAKAGAWA
  中川 亮平
   所属   京都外国語大学  国際貢献学部 グローバルスタディーズ学科
   職種   准教授
発表年月日 2017/08/31
発表テーマ Rethinking the commitment balance between corporations, institutional investors, workers/consumers, and the government in Japan
会議名 The 15th European Association for Japanese Studies (EAJS) International Conference
主催者 European Association for Japanese Studies (EAJS)
学会区分 国際学会
発表形式 口頭(一般)
単独共同区分 単独
開催地名 Faculty of Social Sciences and Humanities (FCSH), Universidade Nova de Lisboa
発表者・共同発表者 NAKAGAWA, Ryohei
概要 In the aftermath of the bubble economy of the late 1980s, corporations have been racing to streamline their balance sheets and to maximise their short-term profits in Japan. The fundamental problem was that this happened collectively, creating a fallacy of composition at the macro scale and sparking a vicious cycle of low growth and deflation. Such behaviours can be found not only in corporations but also among institutional investors.
Hypothesis in this paper is that commitment balance between the major constituents should be maintained for sustaining healthy corporate activities in Japan. The four major parties, namely corporations, institutional investors, workers/consumers, who are employed by corporations, and government, who collects tax from the rest of these three sectors, are considered as important constitutors in a modern society. The ideal optimal balance in this paper is defined as a condition that each party can maintain mutual interests with the rest of the three counterparts. As a measure to investigate the balances of interests, the following three factors are taken into consideration: information symmetry, willingness to engage, and sustainability of the relations. By organising the analysis in the matrix format, it provides insights on how the commitment balance in the six mutual relations between companies, institutional investors, consumers, and government can be sustained in the long run and how the country should tackle some of the unbalanced relations.