The Olympus Scandal: a documentary investigation inside a major Corporate Governance Scandal in Japan.

Sadet, Fabien (2013) The Olympus Scandal: a documentary investigation inside a major Corporate Governance Scandal in Japan. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

Purpose / Research Problem – This dissertation aims at investigating the Corporate Governance scandal that occurred at Olympus Corporation in 2011. Drawing from its analysis and conclusions, the study arrives to a set of factors influencing such a scandal, such as corporate culture and poor Corporate Governance design. The research has not yet fully explored this scandal, although it appears important in order to enhance Corporate Governance designs around the world.

Design / Methodology / Approach – The study examines the drivers of the Olympus scandal through a thorough document analysis. Data was gathered through a set of 54 newspapers articles, from 3 main sources (The Economist, Financial Times and The Guardian). Several complementary sources were used too, such as insiders’ reports and an independent committee report.

Findings – From this study, we establish the importance of several drivers of this kind of scandals: corporate culture, individual attributes and most of all Corporate Governance mechanisms. Consequences for various stakeholders are also considered. Particularly, Japanese Governance must adapt to international standards and improve its regulation, as several factors suggest a propitious environment for such scandals.

Research limitations & Implications – The topic has been investigated through a single case study, consequently generalizability should be considered cautiously, drawing on several other cases. The results will help managers foster a Corporate Governance reform in Japan, through standards improvements, emphasizing a need for culture awareness when drafting it.

Originality & Value – This study is one of the first attempts to study the entirety of the Olympus Scandal, and draws on its conclusion to suggest areas of Corporate Governance reform. Also, it is important to analyze Corporate Governance scandals and understand their key drivers in order to prevent any other one in the future.

Item Type: Dissertation (University of Nottingham only)
Keywords: Olympus Corporation Japan Japanese Corporate Governance Documentary Documents
Depositing User: EP, Services
Date Deposited: 24 Feb 2014 12:05
Last Modified: 23 Jan 2018 01:06
URI: https://eprints.nottingham.ac.uk/id/eprint/26530

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