参与的多样性:日本企业领导者与外国股东的战略关系和制度变革

Kumiko Nemoto
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引用次数: 0

摘要

目的本文将动态能力理论中的 "企业家经理人 "概念应用于一些日本经理人如何发展和利用他们与外国投资者的关系这一问题上,探讨了日本经理人利用外国股东作为资源来增强公司在全球市场上的能力、有效配置资产并对传统组织习惯实施变革的组织环境。研究结果首先,一位日本首席执行官通过邀请对冲基金合作伙伴并利用他们的人力资本和社会资本,致力于增强其公司在全球市场上的竞争力,并引入了股东制中常见的变革。第二,一位拥有工商管理硕士学位、英语和日语沟通能力出众的首席执行官致力于执行外国股东向他提出的许多战略建议,并改变了公司的一些传统日本管理做法。第三,尽管许多日本公司欢迎并利用外国股东作为顾问,帮助他们精简和/或收购公司资产,但这些公司的高层领导对组织变革的执行力度有限。第四,家族企业的高层领导不愿意主动与外国投资者对话。 原创性/价值 本文通过研究日本领导人在与外国投资者关系中的战略管理,为现有的制度理论学术研究增添了一些有用的组织背景。文章运用动态能力的概念,探讨了创新型战略管理者在企业制度变革中的作用。
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Varieties of engagement: Japanese corporate leaders’ strategic relations with foreign shareholders and institutional change

Purpose

Applying the concept of “entrepreneur managers” from dynamic capabilities theory to the question of how some Japanese managers develop and use their relationships with foreign investors, this article explores organizational contexts in which Japanese managers use foreign shareholders as resources to enhance firm capabilities in the global marketplace, deploy assets effectively and implement changes to traditional organizational customs. The article asks why and how some top managers implemented institutional changes and adopted customs that are common in the shareholder-based system while others did not.

Design/methodology/approach

We conducted qualitative interviews with 11 inverstor relations (IR) managers of large, listed Japanese firms in Kyoto and Tokyo.

Findings

First, by inviting a hedge fund partner and using their human capital and social capital, a Japanese CEO committed to strengthening his firm’s competencies in the global market and introduced changes that are common in the shareholder-based system. Second, a CEO with an MBA degree and exceptional communication skills in English and Japanese dedicated himself to executing much of the strategic advice suggested to him by foreign shareholders and altered some of his firm’s traditional Japanese management practices. Third, even though many Japanese firms welcomed and used foreign shareholders as advisors to help them streamline and/or acquire firm assets, their top leaders’ implementation of organizational changes was limited. Fourth, the top leaders of family-owned firms were reluctant to initiate dialogue with foreign investors.

Originality/value

This article adds some useful organizational context to existing scholarship on institutional theory by examining Japanese leaders’ strategic management in their relations with foreign investors. Using the concept of dynamic capabilities, it addresses the role of innovative strategic managers in firms’ institutional changes.

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来源期刊
CiteScore
6.90
自引率
25.80%
发文量
28
期刊介绍: Review of International Business and Strategy is keen to present contemporary and innovative research that proposes new perspectives or challenges existing theories, and that advances the understanding of issues related to international business and global strategy. Themes covered by the journal include (but are not limited to): Internationalization of firms and international entrepreneurship Effects of international environment (political, social, economic and institutional) on international business activities and firm strategies Knowledge transfer strategies and innovation in MNEs Location strategies in international business activities.
期刊最新文献
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