Speakers
To see the description about speakers from National Taiwan University, click the link "National Taiwan University" below.
Kyoto University National Taiwan University
▽ Yoshikazu Maegawa ▽ Yutaka Yamauchi ▽ Asli Colpan
▽ Yasuyuki Kato ▽ Masaki Kusano
Yoshikazu Maegawa
| ■Affiliation Graduate School of Management |
| ■Profile Graduated from the Kyoto University Faculty of Engineering (1982). Worked for Sanyo Electronics in video equipment development. Received an MBA degree from the Boston University Business School (1995), and DBA from Kobe University Graduate School of Management (2007), before current position at Kyoto University. What he was in charge of at Sanyo was the business promotion through networking with service providers rather than engineering work. Recently, he has been thinking about research in overall innovation, which includes tourism and long-standing businesses. |
| ■Paper Title J-L Puzzle Theory - Determining Jigsaw Puzzle Type or Puzzle Links Type for Managerial Decision Making |
| ■Paper Abstract Instead of "research and/or development," this study proposes a new dichotomy for managerial decision making around technical tasks. Jigsaw Puzzle Type: accomplishable with investing resources like personnel, money and time; Puzzle Links Type: uncertain even with plenty of resources, and dependent heavily upon breakthroughs like innovative ideas or a serendipitous discovery. This dichotomy is totally independent with the conventional ones of "research and/or development," rather, they are mutually orthogonal to form 2x2 matrix; Research and Jigsaw, Research and Links, Development and Jigsaw, and Development and Links. Each of the four cells requires an appropriate managerial decision making. J/L classifications illustrate differences in how engineers and non-engineers view technology, and differences in perception within different layers of an organization. Knowing about, or assuming, these perceptual differences, or differences in perception toward technology, can completely change executives' decisions. These differences have a definitive impact on executive-level decision-making and directly affect corporate risk exposure and estimations of uncertainty; thus, risk cannot simply be understood using conventional classifications of research and development. However, the J/L classifications apply beyond technology; they can also serve as criteria for decision-making in everyday life. |
| ■Paper Keywords R&D; engineers; decision-making; resource; investment |
Yutaka Yamauchi
| ■Affiliation Graduate School of Management |
| ■Profile Yutaka Yamauchi has Bachelor of Engineering and Master of Informatics from Kyoto University and Ph.D. in Management from UCLA Anderson School of Management. Prior to joining Kyoto University Graduate School of Management, he worked at Xerox Palo Alto Research Center (PARC) as a social scientist. His current research interests center around service interactions and cultural aspects of service. He has been studying sushi bars, fast-food restaurants, Italian and French restaurants, cleaners, and medical clinics. He teaches ethnography and ethnomethodology as well as organizational behavior. He is also involved in the newly established Kyoto University Design School and works on service design and organizational design. |
| ■Paper Title Service as a Struggle: An Ethnomethodological Study of Sushi |
| ■Paper Abstract Traditional sushi bars are peculiar. Customers feel anxious whether they are making orders and eating sushi appropriately. No written menu is provided and no price is indicated. Customers cannot know how much the bill amounts to until they ask for the bill at the end of the meal. The whole service is organized in a way opposite to typical services, where clear and sufficient information is provided, comfortable and relaxed environment is created, and interactions are friendly. In this presentation, I illustrate how sushi chefs test their customers using some actual video data. Based on this analysis, I offer a theoretical discussion on service and explicate my central thesis "service is a struggle." |
| ■Paper Keywords Service encounter; routine; ethnomethodology; service is a struggle; sushi |
Asli Colpan
| ■Affiliation Graduate School of Management and The Hakubi Center for Advanced Research |
| ■Profile Asli M. Colpan is Associate Professor of Corporate Strategy at the Graduate School of Management (where she holds the Mizuho Securities Chair) and The Hakubi Center for Advanced Research, Kyoto University, Japan. She was a visiting scholar at Harvard University and a visiting professor at MIT in the 2012-13 academic year. Her research interests include corporate strategy, corporate governance, business history, and especially the evolution of large enterprises in developed and emerging economies. Her work has been published in such journals as Industrial and Corporate Change, Journal of Management Studies, Asia Pacific Journal of Management, Asian Business & Management, and Corporate Governance: An International Review. She is the co-editor of the Oxford Handbook of Business Groups, Oxford: Oxford University Press, 2010. In 2010 she was awarded the Tachibana Prize for the most outstanding female scholar at Kyoto University. She is currently an Associate Editor of Asian Business & Management and Senior Editor of Management and Organizational History. |
| ■Paper Title The dominance and resilience of business groups in late-industrializing nations |
| ■Paper Abstract Business groups are large, diversified and often family-controlled organizations such as the Japanese zaibatsu, the Korean chaebol, the grupos economicos in Latin America and the family holdings in Turkey. They played a critical role as the common form of big business especially in late-industrializing economies. Many have shown remarkable resilience, navigating and adjusting to economic and political turbulence, international competition, and technological change. Business groups, however, have not quite enjoyed an honorable reputation as they are often seen as a second-best economic institution in the absence of well-functioning markets. Despite their early contributions to industrialization, their prolonged resilience is often argued to be harmful to economic wellbeing. Business scholars have criticized this form of firms for their lack of technological synergies, while investors in capital markets have given them conglomerate discount for their share prices. This presentation aims to provide a systematic and balanced understanding of the nature, characteristics and welfare effects of these business groups from theoretical, empirical and internationally comparative perspectives. It provides an analytical framework to understand the evolution and resilience of business groups in varied market and institutional settings, and argues that the business group can continue to be an effective organization model under certain conditions. |
| ■Paper Keywords Business groups; emerging markets; multidivisional enterprise; diversification; pyramidal structure |
Yasuyuki Kato
| ■Affiliation Graduate School of Management |
| ■Profile Yasuyuki Kato is a Professor of Finance at the Graduate School of Management, Kyoto University, Japan. He has specialized in the research and development in investment technology and asset management since he joined Nomura in 1980 after finishing his Master Degree of Systems Science at the Tokyo Institute of Technology. He held positions as the head of global quantitative research and a board member of Nomura until 2010. Now he also serves as an educational committee member of the Securities Analysts Association of Japan, an advisor to the Tokyo Stock Exchange, and a member of the investment board of the local government employee pension fund of Japan. He has written various papers and books on investments including “Dictionary of Financial Engineering”, “The Science of Equity Investment”, “Introduction to Asset Management for Retirees”. |
| ■Paper Title Dividend Increase and Stock Price Performance in the Japanese Stock Market |
| ■Paper Abstract Owing to good corporate profits thanks to Abenomics, many Japanese companies announced an increase in dividend payments to their shareholders. It is widely recognized that higher dividends tend to bring about better stock price performance. But it is also recognized that the degree of the performance due to the higher dividend depends on the governance of the company and its growth potential. The former is known as the free cash flow hypothesis and the latter the growth option hypothesis. In particular corporate governance in Japanese companies has progressed substantially in recent years and it is worth while to see how it affects stock price performance. In this research, we investigated these hypotheses with 351 Japanese companies that announced a dividend increase between March 2013 and February 2014, the period after Abenomics started. We found that the free cash flow hypothesis performed significantly well for several key indicators of corporate governance, such as foreign stockholding ratio and electric voting platform participation, while the growth option hypothesis was not supported with this sample data. |
| ■Paper Keywords free cash flow hypothesis; growth option hypothesis; corporate governance; dividend |
Masaki Kusano
| ■Affiliation Graduate School of Economics |
| ■Profile Masaki Kusano is an associate professor of accounting at the Graduate School of Economics, Kyoto University. Before joining Kyoto University in April 2009, he had been working for Osaka University of Economics for seven years. He received a Bachelor of Commerce, a Master of Commerce, and Ph.D. from Doshisha University. His research area is financial accounting and reporting and international accounting. Especially, his research interests are related to fair value accounting, performance reporting, and economic consequences of accounting standards. He has written these subjects in The Japanese Accounting Review (Vol. 2; 2012) and Corporate Ownership & Control (Vol. 11; 2013). He also has published some books including Income Accounting Theory: Fair Value Measurement and Performance Reporting (Moriyama-Shoten, 2005). |
| ■Paper Title Economic Consequenses of Changes in the Lease Accounting Standards: Evidence from Japan |
| ■Paper Abstract The purpose of this study is to investigate economic consequences of changes in the lease accounting standard in Japan. Especially, this study examines whether capitalization of finance lease (FL) transactions have significant effects on firm behavior as to the choice of accounting treatment and the arrangement of lease transactions. Our findings are twofold. First, firms with debt contracting incentives are more likely to choose the exceptional treatment that recognizes only FL transactions that make contracts after the adoption of accounting standard. Second, firms choosing the principle treatment that requires recognizing all FL transactions on their balance sheet are more likely to transfer lease transactions from FL transactions to operating lease (OL) transactions in response to capitalization of FL transactions. This study contributes to the literature on recognition versus disclosure and discussions of global convergence of accounting standards because this study focuses on the exceptional treatment of accounting rule. |
| ■Paper Keywords Economic Consequences; Lease Accounting; Recognition versus Disclosure; Exceptional Treatment |