LEADER 04491nam 22005775 450 001 9910298215503321 005 20200702225545.0 010 $a981-10-8503-X 024 7 $a10.1007/978-981-10-8503-1 035 $a(CKB)4100000003359768 035 $a(MiAaPQ)EBC5356855 035 $a(DE-He213)978-981-10-8503-1 035 $a(PPN)226694976 035 $a(EXLCZ)994100000003359768 100 $a20180416d2018 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aCorporate Governance and Value Creation in Japan $ePrescriptions for Boosting ROE /$fby Ryohei Yanagi 205 $a1st ed. 2018. 210 1$aSingapore :$cSpringer Singapore :$cImprint: Springer,$d2018. 215 $a1 online resource (251 pages) 311 $a981-10-8502-1 327 $a1 Dawn of Corporate Governance: Japan must change -- 2 Cash Valuation Assessment of Japanese Corporations: When 100 yen is Valued at 50 yen -- 3 Abenomics Requires Enhancement of Corporate Value via ROE -- 4 Equity Spread and Value Creation -- 5 Value Creative Investment Criteria -- 6 Optimal Dividend Policy based on Optimal Capital Structure -- 7 Synchronization of Non-financial Capital and Value Creation: Japan should show ROE of ESG -- 8 Appendix: Latest investor Survey 2016 and 2017 -- Index. 330 $aThis is the first book to furnish a root cause of the low valuation of Japanese listed companies by using, as qualitative evidence, unique global investor surveys, which are rarely available for Japanese companies. Also contained in this book as quantitative evidence is empirical research with regression analysis implying a positive correlation between corporate governance and value creation in Japan. The author explains the rationale underlying the suggestion of the Ito Review on return on equity (ROE) 8% guidance, an almost 50% discounted valuation of the cash held by Japanese companies, corporate value and ROE, equity spread as a key performance indicator for value creation, an optimal dividend policy based on optimal capital structure, risk-adjusted hurdle rates for value-creative investment criteria, and the synchronization of environmental, social, and governance with equity spread. Illustrated with relevant statistics, evidence of shareholders? voices, case studies, and empirical research, the book is highly recommended for readers who seek qualitative and quantitative evidence of Japan?s problems and potential prescriptions in connection with value creation. ?This book empirically proves the relationship between non-financial capitals defined by IIRC and corporate value, and provides a convincing method to unlock corporate value in Japan via Abenomics corporate governance reforms. A must read!? Richard S. Howitt, Chief Executive Officer, International Integrated Reporting Council (IIRC) ?This book addresses emerging issues such as the "Power of Intangibles" in addition to IMA-defined "Equity Spread" as a gauge for value creation from the viewpoint of management accounting. It is highly recommended for finance and accounting professionals.? Jeffrey C. Thomson, CMA, CAE. President and CEO, Institute of Management Accountants (IMA). 606 $aCorporate governance 606 $aBusiness enterprises?Finance 606 $aCorporations?Finance 606 $aInvestment banking 606 $aSecurities 606 $aCorporate Governance$3https://scigraph.springernature.com/ontologies/product-market-codes/511020 606 $aBusiness Finance$3https://scigraph.springernature.com/ontologies/product-market-codes/512000 606 $aCorporate Finance$3https://scigraph.springernature.com/ontologies/product-market-codes/612000 606 $aInvestments and Securities$3https://scigraph.springernature.com/ontologies/product-market-codes/626020 615 0$aCorporate governance. 615 0$aBusiness enterprises?Finance. 615 0$aCorporations?Finance. 615 0$aInvestment banking. 615 0$aSecurities. 615 14$aCorporate Governance. 615 24$aBusiness Finance. 615 24$aCorporate Finance. 615 24$aInvestments and Securities. 676 $a658.4 700 $aYanagi$b Ryohei$4aut$4http://id.loc.gov/vocabulary/relators/aut$01062600 906 $aBOOK 912 $a9910298215503321 996 $aCorporate Governance and Value Creation in Japan$92526862 997 $aUNINA