COMM 376 Lecture Notes - Lecture 7: Internal Debt, Keiretsu, Angel Investor
Document Summary
The entrepreneurship vacuum in japan: why it matters and how to address it. The asia-pacific journal: japan focus, 11(45), november 11. Corrupt company culture where whistleblowing was looked down on. Poor corporate governance: olympus"s board stonewalled woodford"s demand for accountability. Societal pressure to attain a stable or even lifetime employment at conglomerates or in the bureaucracy. Low levels of entrepreneurship, despite the fact that entrepreneurship has been a major source of job creation for the past 2 decades. Rising number of temporary workers who are paid less than permanent ones. Low unemployment rate (almost full employment), but the number of permanent jobs is falling. Article details an accounting scandal at olympus, a japanese corporation that makes surgical equipment and cameras . 6b in purchases were made by olympus"s board and its chairman. Tsuyoshi kikuwa but not reported in consolidated financial statements.
