Research

"The Relationship between Governance Structure and Strategy Choice in Japanese Venture Capital Firms."

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Toru Yoshikawa

"Transition in Japanese Corporate Governance: From a Principal-Principal Perspective to a Principal-Agent Perspective"

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Toru Yoshikawa

"The Impact of Changes in Ownership and Control on Performance of the Japanese Corporation: Challenges to Agency Theory"

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Toru Yoshikawa

"Corporate Governance in Singapore : Developments and Prognoses"

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Toru Yoshikawa

Current Research

"Top management succession in family-owned SMEs in Singapore"
Toru Yoshikawa

This research attempts to investigate antecedents and consequences of top management succession in family-owned firms in Singapore. We are collecting primary data through survey questionnaire.

"Director pay and executive succession in Japanese companies: Relative effects of foreign and domestic owners"
Toru Yoshikawa

We investigate divergent effects of foreign and domestic owners on director pay and executive succession in Japanese firms. We theorize that foreign owners reduce director pay and enhance executive succession when firms underperform the industry, while domestic owners have no effects.