Governance

FSI's research on the origins, character and consequences of government institutions spans continents and academic disciplines. The institute’s senior fellows and their colleagues across Stanford examine the principles of public administration and implementation. Their work focuses on how maternal health care is delivered in rural China, how public action can create wealth and eliminate poverty, and why U.S. immigration reform keeps stalling. 

FSI’s work includes comparative studies of how institutions help resolve policy and societal issues. Scholars aim to clearly define and make sense of the rule of law, examining how it is invoked and applied around the world. 

FSI researchers also investigate government services – trying to understand and measure how they work, whom they serve and how good they are. They assess energy services aimed at helping the poorest people around the world and explore public opinion on torture policies. The Children in Crisis project addresses how child health interventions interact with political reform. Specific research on governance, organizations and security capitalizes on FSI's longstanding interests and looks at how governance and organizational issues affect a nation’s ability to address security and international cooperation.

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As a senior policy advisor on the Middle East at the Pentagon and the White House, Colin Kahl has witnessed struggles in the region first-hand. From working to shape the U.S.-led campaign against the Islamic State and the long-term partnership with Iraq to limiting Iran’s nuclear activities to helping craft the U.S. response to the Arab Spring, Kahl knows better than most how important it is to understand this rapidly changing region.

Now that he has joined the Freeman Spogli Institute for International Studies (FSI) as its inaugural Steven C. Házy Senior Fellow, Kahl wants to improve understanding of how developments in the Middle East impact people in the region and security around the globe.

The launch of FSI’s Middle East Initiative provides a first step toward this objective. As the initiative’s first director, Kahl plans to create “connective tissue” for efforts already underway across Stanford.

“There are a number of disparate efforts around campus working on Middle East issues,” said Kahl. “There is a lot of terrific research and engagement going on. My hope is that the Middle East Initiative will serve as a focal point to expose the Stanford community to ongoing work and foster new conversations that are not happening now.”

Many of the Middle East activities already occurring on campus happen at FSI, making it a natural home for the initiative.

“Our scholars are already studying the dynamics of authoritarian regimes in the Middle East, prospects for reform and democracy in the Arab world, ways to counter terrorist activities and promoting economic development,” said FSI Director Michael McFaul. “Stanford students want to dive more deeply into the region’s political, social, economic and technological development. We want to give them that opportunity.”

In the 2018-2019 academic year, FSI’s Ford Dorsey Master's in International Policy plans to begin filling this need by adding a three-course sequence on the Middle East.

Kahl also plans to bring more Middle East scholars from outside Stanford to share their ideas and research.

“I look forward to helping Stanford students and scholars connect and collaborate in ways that enrich our understanding of this vital region,” said Kahl. “Stanford has much to contribute to some of the most pressing policy challenges we face.”

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Answers to why the US-Russia relationship seems to be at a dangerous low these days can be found in a new book by Stanford scholar Michael McFaul.

McFaul’s new book, From Cold War to Hot Peace: An American Ambassador in Putin’s Russia, illuminates this geopolitical impasse as he reflects on his career as the Obama administration’s ambassador to Russia and his service on the National Security Council.

“From my days as a high school debater in Bozeman, Montana, in 1979 to my years as ambassador to Russia ending in 2014, I had argued that closer relations with Moscow served American national interests,” wrote McFaul, director of the Freeman Spogli Institute for International Studies and a senior fellow at the Hoover Institution.

As a student at Stanford, McFaul, AB/AM ’86, took Russian language classes and traveled to what Ronald Reagan dubbed “the evil empire” in the summer of 1983 to attend a summer language program at Leningrad State University.

“When the Soviet Union collapsed in 1991, I again packed my bags and moved to Russia to help support market and democratic reforms there, believing that those changes would help bring our two countries closer together,” wrote McFaul, a political scientist.

In 2009, he went to work for President Obama at the National Security Council, and in 2012 he became the US ambassador to Russia, where he noted that he felt “animated by the belief that a more cooperative relationship served American national interests.”

McFaul was positive about a healthier US-Russia relationship as he began his duties in Moscow. In fact, he helped craft the US policy known as “reset,” which advocated a new and unprecedented collaboration between the longtime adversaries.

But that did not last for very long, said McFaul.

‘Reset’ and Confrontation

When McFaul began his ambassadorship, the Russian government took measures to discredit and undermine him. The tactics included dispatching protesters to his place of residence; slandering him on state media; and closely surveilling McFaul, his staff, and even family.

A particularly tense time for McFaul was during the Arab Spring in 2011, which saw the fall of several Middle Eastern autocrats and the Obama administration’s embrace of a seemingly democratic swell throughout the region. Russia’s then-Prime Minister Vladimir Putin found the US support for democracy in the Arab world— especially McFaul’s enthusiasm— as a threat to his own political system in Russia, according to McFaul. Putin possessed an entirely different view of “regime change” and US efforts to foster democracy.

In 2012, McFaul was appointed the US ambassador to Russia. He looked forward to the new challenge—but it was troubled from the beginning. The Russian government, led by President Putin after a power shift, was deeply influenced by foreign minister Sergey Lavrov, McFaul said. They were both very suspicious of the US, and McFaul believed they saw him as the enemy due to his support of democracy and human rights.

“I left Washington as Mr. Reset. I landed in Moscow as Mr. Revolutionary,” he wrote.

Elections and Controversy

In December 2011 Putin’s party, United Russia, performed poorly in the parliamentary elections. Barely staying in power, it won only 49.3 percent of the vote— a significant drop from the 64.3 percent it had garnered four years earlier. Given its prior popularity, failing to win a majority of the popular vote represented a major setback for the ruling party. Serious allegations of election fraud on behalf of Putin’s party in 2011 soon dominated Russian media.

Russians, many of them young and connected by social media, took to the streets to protest the election. McFaul said that Putin’s first reaction to the demonstrators was anger and a sense of betrayal. “In his mind, he had made these young professionals rich, and now they had turned against him,” wrote McFaul.

Putin’s second reaction was fear. “He and his team were surprised by the size of the protests. Never before had so many Russians demonstrated against his rule. The message from the streets quickly turned radical, starting with outrage against falsification, but morphing into demands for the end of Putin’s regime,” wrote McFaul.

Putin, bedeviled by continuing demonstrations, seemed to believe the US was orchestrating the protests.

As a result, in 2014 McFaul announced he was stepping down and returning to the United States following the Winter Olympics in Sochi.

Russia-US relations today

In his book, McFaul paints a sobering picture of the US-Russia relationship.

“To win reelection in 2012 and marginalize his domestic opponents, Putin needed the United States as an enemy again. He rejected deeper cooperation with us,” wrote McFaul. “As a result, our administration pivoted to a more confrontational policy after President Putin had rebuffed our attempts to engage with him.”

The United States, for its part, slowed down discussions about missile defense, enacted the Magnitsky Act to punish Russian officials responsible for the wrongful death of Russian lawyer Sergey Magnitsky, canceled the Moscow summit in 2013 and continued to criticize Putin’s autocratic tendencies, among other measures.

With the issue of Russian meddling in the 2016 US election dominating news narratives in America and continued aggression by Russia, which was recently blamed for the nerve agent attack of a Russian spy in London, prospects for a healthy US-Russia relationship seems bleak, said McFaul.

Despite his journey through dark times in Russia, McFaul still remains optimistic about the “long game” of US-Russia relations.

“I am still convinced that Russia will one day consolidate democracy and that the United States and Russia will be allies. I just do not know when that ‘one day’ will come,” he wrote.

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Facebook and Congress Must Create Regulations Together

Featuring Eileen Donahoe, executive director of the Global Digital Policy Incubator and Allison Berke, executive director of the Stanford Cyber Initiative. Both programs are housed at the Freeman Spogli Institute for International Studies (FSI). Written by Nicole Feldman.

For the past two days, the United States Senate and House of Representatives grilled Facebook CEO Mark Zuckerberg on everything from user privacy to platform bias to Russian interference in the 2016 elections. Though prompted by Cambridge Analytica’s improper use of user data, Zuckerberg’s testimony provided a broader platform to talk about Facebook’s role in today’s increasingly digital world and regulation for the tech industry as a whole. FSI scholars Eileen Donahoe and Allison Berke give us their top take-aways from Zuckerberg’s testimony.

 
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Eileen Donahoe

 

There were two big “take-aways” from Mark Zuckerberg’s testimony before Congress this week.

Digital privacy is a form of security that matters to Facebook users and to citizens in our democracy.

The good news that came out of the hearings is that the American public and our representatives in Congress are waking up to the importance of citizens’ privacy in our democracy, as well as to the consequences of the loss of privacy for freedom and security. The Cambridge Analytica — Facebook saga has succeeded in bringing to public consciousness a significant security threat to our democracy, which until now has been relatively invisible in public debate: how failure to protect user’s digital privacy can have real world consequences for democratic processes, national security, and citizens’ liberty. Earlier un-nuanced assertions expressed by many in the technology community that “privacy is over” and users don’t care about how their data is shared, can no longer function as a dominant operating assumption. The hard reality ahead of us is how challenging it will be to protect citizens’ privacy in a context where digital platforms, tools and services are intertwined with our daily lives. The bottom line is that digital platforms now will be required to have much more nuanced conversations with their users about the tradeoffs of using free services in exchange for monetizing personal data. This will have consequences for Facebook’s business model and all freemium digital services.

Congressional hearings are not an adequate vehicle for educating legislators about how to regulate digital platforms.

The range of complex, multilayered challenges that must be tackled to optimally govern digital platforms in democracy cannot be addressed effectively through a brief set of public hearings. Many Senators and members of Congress displayed a lack of understanding of how Facebook works, which strands of the debate warrant deeper inspection, or which issues must be prioritized to protect the liberty and security of citizens on digital platforms. Representatives jumped around from one subject to the next — from political bias in restricting content on Facebook, to whether Facebook is a monopoly, to whether citizens own their data, to the efficacy of user consent to terms of service — without adequately framing any of these important subjects. In effect, the Senate and Congressional hearings themselves were shown to be poor vehicles for deepening regulators’ knowledge or helping progress toward an optimal approach to regulating Facebook or other digital platforms. Other than moving toward passage of the bipartisan Honest Ads Act sponsored by Senators Amy Klobuchar (D), Mark Warner (D), and John McCain(R), which regulates political advertising on digital platforms in the same way as on television and radio, our representatives are not yet well-prepared to regulate digital services. A different mode of engagement between government representatives and technology companies must be developed, if legislators want to help protect citizens in the digital realm, while also allowing users to continue to enjoy the benefits of digital platforms they have come to rely upon in their daily lives.

 
Photo of Allison Berke, executive director of the Stanford Cyber Initiative at FSI.

Allison Berke, executive director of the Stanford Cyber Initiative at FSI. Working across disciplines, the Stanford Cyber Initiative aims to understand how technology affects security, governance, and the future of work.

Mark Zuckerberg prepared for his testimony as though expecting to face hostile opposing counsel. His notes — leaked, ironically, by a press photographer when left open on his table during a bathroom break — show prepared language to address calls for his own resignation, and for compensation for users whose data was improperly shared, though these topics were not raised during questioning. Despite promising to work with legislators on regulations, Zuckerberg stopped short of proposing specific measures. Though he voiced his support of the Honest Ads Act, when asked if he would return to Washington to aid its passage, he offered someone on his team instead and noted that he “doesn’t come to Washington too often.” The implications, both that he doesn’t need to and that he doesn’t want to be involved in forming regulations, revealed a relationship between Facebook and lawmakers with distance, shading from incomprehension to distrust to antagonism, on both sides.

Many of those watching the hearings noted the Senators’ and Representatives’ clunky and repetitive lines of questioning, their difficulty choosing the precise terminology to communicate the technological gist of their inquiries, and the inability of a five-minute oral format to properly convey — and convey strictly enough to reign in a witness looking for a question’s easiest possible interpretation — the nuance in, for example, the points made by Senators Blunt and Wicker about Facebook’s cross-platform tracking between a device hosting a logged-in Facebook app and a device registered to the same user but lacking the Facebook login.

One could imagine a more collegial relationship between Facebook and Washington DC, in which representatives would have discussed their questions with Zuckerberg and his team at greater length, and perhaps behind closed doors, and could use the testimonial hearing format to place prior agreements and understandings on the record. Facebook’s apparent openness to exploring regulation should be taken as an opportunity by policymakers, both to craft regulation that may need to be complex — to cover the myriad ways in which data can be collected and mixed, and to ensure that a savvy company can’t avoid both compliance and detection — and to forge a closer relationship between the tech giant and its community representatives. That may require Zuckerberg visiting Washington a little more often, and it will also require the acquisition of more technological knowledge and expertise by legislators and their staff, which may require them to visit Silicon Valley more, too.


Views expressed here do not necessarily represent those of the Freeman Spogli Institute for International Studies or Stanford University, both of which are nonpartisan institutions.

 

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The Consequences of Technological Developments for Politics and Government

Tuesday, April 24, 2018


Reception at 5:00pm. Talk from 5:30pm - 6:45pm.

RSVP required online.

The consequences of contemporary technological innovations for the lives and values of future generations are enormous. The wide range of expected – and unexpected – applications require rethinking governance arrangements, legal regimes, economic structures, and social relations. Exploration of such topics is the subject of the 2017-18 CASBS symposium series.

The first symposium, held in November 2017, focused on “AI, Automation, and Society.” Read about and view a video of that event here.

The second symposium, held in March 2018, involved “The Effects of Technology on Human Interactions.” View the event video here.

In this final installment of the 2017-18 series, CASBS presents a conversation featuring two 2017-18 CASBS fellows – Stanford professor Nate Persily, an expert on law, democracy, and the internet; and Carrie Cihak, a senior policy expert and practitioner at one of the most innovative county governments in the U.S. They will outline the challenges that recent technology-based advances pose to democracy, public policy, and governance systems. Social media platforms increasingly are viewed as vehicles for exploiting political discourse, rather than as democratizing forces. How should our institutions respond? Though modern technological innovations more easily connect people, what are the implications for issues of “digital equity,” government capacity, and regulatory frameworks? Though the positive impacts are substantial, how do we address the numerous negative impacts of the technology sector’s concentration in certain regional economies – including the San Francisco Bay Area and the greater Seattle area? These are just a few questions that will stimulate a thought-provoking discussion between the panelists and with the audience.

 


 

As Chief of Policy for King County Executive Dow Constantine, the highest ranking elected official of King County, WA, the 13th largest county in the United States, Carrie S. Cihak is responsible for identifying the highest priority policy areas and community outcomes for leadership focus and for developing and launching innovative solutions to issues that are complex, controversial and cross-sectoral. She is an architect of some of the county’s key initiatives, such as Best Starts for Kids as well as nationally-recognized work on equity and social justice. Prior to her work in Constantine’s administration, Cihak served for eight years as a senior-level analyst for the King County Council and as lead staff for the King County Board of Health. She also served as a staff economist on international trade and finance for President Clinton's Council of Economic Advisers. As a policy fellow during the 2017-18 academic year, Cihak is leading projects at CASBS and in King County that advance meaningful collaboration between academic researchers and governments. She is spearheading efforts in King County on evidence-informed decision making and is co-director of CASBS’s Impact Evaluation Design Lab, launched in March 2018. She is also using time at CASBS to explore the science and evidence-base of belonging, while working back home to help launch a cross-sector partnership called “You Belong Here,” which seeks to build civic muscle and inclusive growth in the Seattle region.


Nate Persily is the James B. McClatchy Professor of Law at Stanford Law School, with appointments in the departments of political science, communication and the Freeman Spogli Institute for International Studies. Prior to joining Stanford, Persily taught at Columbia University and the University of Pennsylvania Law School, and as a visiting professor at Harvard, NYU, Princeton, the University of Amsterdam, and the University of Melbourne. His scholarship and legal practice focus on American election law or what is sometimes called the “law of democracy,” which addresses issues such as voting rights, political parties, campaign finance, redistricting, and election administration. He has served as a special master or court-appointed expert to craft congressional or legislative districting plans for Georgia, Maryland, Connecticut, New York and, most recently, North Carolina. He also served as the Senior Research Director for the Presidential Commission on Election Administration. In addition to numerous articles (many cited by the Supreme Court) on the legal regulation of political parties, issues surrounding the census and redistricting process, voting rights, and campaign finance reform, Persily is coauthor of an election law casebook, The Law of Democracy. As a fellow at CASBS supported by the Annenberg Foundation, he is examining the impact of changing technology on political communication, campaigns, and election administration. In 2016, he received an Andrew Carnegie Fellowship to pursue this work. Persily also co-directs the Stanford Project on Democracy and the Internet.

 

*There will be valet parking at the event.

Center for Advanced Study in the Behavioral Sciences at Stanford University
75 Alta Road
Stanford, CA 94305

Nate Persily The James B. McClatchy Professor of Law Stanford Law School
Carrie Cihak Chief of Policy for King County Executive Dow Constantine King County, Washington
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At an event co-sponsored by the Shorenstein Asia-Pacific Research Center, The Center on Democracy, Development and the Rule of Law (CDDRL) and the Hoover Institution, "former Taiwanese president Ma Ying-jeou addressed a crowd of 400 University faculty, students and local community members in his Wednesday talk on democracy, cross-strait relations and future challenges facing Taiwan." Read The Stanford Daily's full coverage of President Ma's visit here

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Thursday, April 26, 2018 at 05:00 PM until 06:00 PM

Peking University
Atrium M11
Beijing 100871
China

This event is intended for students and recent alumni of this university. If this doesn't sound like you, find an event that's open to the public or hosted by your school by visiting our events calendar.

Please join us to learn more about the Knight-Hennessy Scholars program at Stanford University. Each Knight-Hennessy Scholar will receive full financial support to pursue a degree in any of the 145+ graduate programs at Stanford - from PhDs in education, engineering, humanities, and sciences to professional degrees like JD, MBA, MD, or MFA.

Our application will open on May 1, 2018 for enrollment in fall 2019. You are eligible to apply if you earned (or will earn) your bachelor's degree in 2014 or later.

The event will include a presentation covering Stanford University, the Knight-Hennessy Scholars program, and the admission process. There will be ample opportunity to ask questions of an Admission Officer. 

REGISTRATION: https://apply.knight-hennessy.stanford.edu/register/Peking2018

Peking University
Beijing 100871
China

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Please note: RSVP's are full for this event. Please email PLABOON@STANFORD.EDU to add your name to the waitlist.

 

During its March 2018 National People’s Congress (NPC) meeting, the PRC’s national delegates voted nearly unanimously to eliminate term limits for China’s president and vice president. Alongside this dramatic announcement, the NPC further announced drastic re-organization of Party and state such that the Chinese state administration saw significant cuts, consolidation and centralization of power under the CCP.

At this watershed moment, leading experts on Chinese politics will examine what these Constitutional changes bode for China’s future and Xi Jinping’s rule. Are these game changers? Is China abandoning key parts of Deng Xiaoping’s legacy?  How will these affect China’s authoritarian resilience or governance system going forward?  What are the short- and long-term implications of this decision for China’s continuing stability, sustained economic growth and foreign policy?

Please join us for this special panel event with top China experts as they discuss the significance and implications of the recent NPC decisions and Constitutional amendments.


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Joseph Fewsmith is professor of international relations and political science at the BU Pardee School. He is the author or editor of eight books, including, most recently, The Logic and Limits of Political Reform in China (January 2013). Other works include China since Tiananmen (2nd edition, 2008) and China Today, China Tomorrow (2010). Other books include Elite Politics in Contemporary China (2001), The Dilemmas of Reform in China: Political Conflict and Economic Debate (1994), and Party, State, and Local Elites in Republican China: Merchant Organizations and Politics in Shanghai, 1890-1930 (1985). He is one of the seven regular contributors to the China Leadership Monitor, a quarterly web publication analyzing current developments in China. Fewsmith travels to China regularly and is active in the Association for Asian Studies and the American Political Science Association. His articles have appeared in such journals as Asian Survey, Comparative Studies in Society and History, The China Journal, The China Quarterly, Current History, The Journal of Contemporary China, Problems of Communism, and Modern China. He is an associate of the John King Fairbank Center for East Asian Studies at Harvard University and the Pardee Center for the Study of the Longer Range Future at Boston University.

 

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Mary Gallagher is professor of political science at the University of Michigan as well as the director of the Kenneth G. Lieberthal and Richard H. Rogel Center for Chinese Studies. She received her Ph.D. in politics in 2001 from Princeton University and a B.A. from Smith College in 1991.  In 1989, she was a foreign student in China at Nanjing University. Gallagher later taught at the Foreign Affairs College in Beijing from 1996-1997 and was a Fulbright Research Scholar from 2003 to 2004 at East China University of Politics and Law in Shanghai, China. In 2012-2013, she was a visiting professor at the Koguan School of Law at Shanghai Jiaotong University. Her book, Authoritarian Legality in China: Law, Workers, and the State is out from Cambridge University Press this year. Gallagher have also written/edited several other books, including Contagious Capitalism:  Globalization and the Politics of Labor in China (Princeton 2005), Chinese Justice: Civil Dispute Resolution in Contemporary China (Cambridge 2011), From Iron Rice Bowl to Informalization:  Markets, Workers, and the State in a Changing China (Cornell 2011), and Contemporary Chinese Politics: New Sources, Methods, and Field Strategies (Cambridge 2010).

 

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Alice Miller is a research fellow at the Hoover Institution and lecturer in East Asian studies at Stanford. Miller first joined the Hoover Institution in 1999 as a visiting fellow. She also served as a senior lecturer in the Department of National Security Affairs at the US Naval Postgraduate School in Monterey, California, 1999-2014. Before coming to Stanford, Miller taught at the School of Advanced International Studies (SAIS) at Johns Hopkins University in Washington, DC. From 1980 to 1990, she was a professorial lecturer in Chinese history and politics at SAIS. From 1990 to 2000, she was an associate professor of China studies and, for most of that period, director of the China Studies Program at SAIS. She also held a joint appointment as adjunct associate professor in the Department of Political Science at Johns Hopkins from 1996 to 1999 and as adjunct lecturer in the Department of Government, Georgetown University, from 1996 to 1998. From 1974 to 1990, Miller worked in the Central Intelligence Agency as a senior analyst in Chinese foreign policy and domestic politics and as a branch and division chief, supervising analysis on China, North Korea, Indochina, and Soviet policy in East Asia. Miller has lived and worked in Taiwan, Japan, and the People’s Republic of China; she speaks Mandarin Chinese.

 

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Victor Shih is an associate professor of political economy at University of California, San Diego, and has published widely on the politics of Chinese banking policies, fiscal policies and exchange rates. He was the first analyst to identify the risk of massive local government debt, and is the author of Factions and Finance in China: Elite Conflict and Inflation. Prior to joining U.C. San Diego, Shih was a professor of political science at Northwestern University and former principal for The Carlyle Group.Shih is currently engaged in a study of how the coalition-formation strategies of founding leaders had a profound impact on the evolution of the Chinese Communist Party. He is also constructing a large database on biographical information of elites in China.

 

Joseph Fewsmith <br><i>Professor of International Relations and Political Science, Boston University, Pardee School</i><br><br>
Mary Gallagher <br><i>Professor of Political Science; Director, Center for Chinese Studies, University of Michigan</i><br><br>
Alice Miller <br><i>Research Fellow, Hoover Institution, Stanford University</i><br><br>
Victor Shih <br><i>Associate Professor, School of Global Policy & Strategy, University of California, San Diego</i><br><br>
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Japan is known to have an exceptionally low level of inward foreign direct investment (FDI). The promotion of inward FDI is one of the policy goals of Abenomics structural reforms. This present paper studies the accumulation of Japan's inward FDI stock during the first 3 years of Abenomics (2012–2015), and finds no evidence that Japan's inward FDI stock increased more than the trend before Abenomics started would have predicted. A comparison of the main policies for promoting inward FDI that have been implemented to the real and perceived impediments to inward FDI reveals that it may be advisable to shift the emphasis of the policy to address more regulatory and administrative issues and to reduce the cost of doing business in Japan.

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Asian Economic Policy Review
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Takeo Hoshi
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Using a unique dataset on all major corporate restructuring events in Japan between 1981 and 2010, we assess changes in the role of the main bank in guiding corporate turarounds, and the economic consequences of these changes for distressed firms. We identify firms in distress among all listed firms based on accounting data, and we separately identify firms undergoing corporate restructuring based on a newspaper search for the Japanese term “saiken”. Even though the ratio of distressed firms has not declined, the incidence of saiken restructuring by such firms has become less frequent after the 1990s, indicating a decline in the governance and rescue role of the main bank. When firms undergo saiken, they adopt real adjustments in terms of labor, assets and finance. While the intensity of these adjustments has also declined over time, saiken firms make more significant adjustments than distressed firms that do not undergo restructuring. The role of saiken was an important part of corporate renewal in Japan, and it has declined. In line with existing research, these findings underscore changes in Japanese corporate governance, in particular regarding the decline of the monitoring and restructuring function of the main bank.

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Journal of the Japanese and International Economies
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Takeo Hoshi
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