Franz Waldenberger | Ludwig-Maximilians-Universität München (original) (raw)

Papers by Franz Waldenberger

Research paper thumbnail of Zivilgesellschaft und Inklusion – zusammenführende Kommentierung

Dortmunder Beiträge zur Sozialforschung, 2022

Research paper thumbnail of Why Has There Been No Inflation in Japan?

Research paper thumbnail of Introduction: Europe and Japan from the Common Market to the European Union

Research paper thumbnail of Finanzsystem

Research paper thumbnail of Sébastien Lechevalier, The great transformation of Japanese capitalism

Contemporary Japan, Jan 2, 2017

Research paper thumbnail of New venture entrepreneurship and context in East Asia: a systematic literature review

Asian Business & Management, Aug 21, 2021

Research paper thumbnail of The Japanese Economy

Research paper thumbnail of Die japanische Wirtschaft heute : ein Überblick

Deutsches Institut für Japanstudien eBooks, 1994

Research paper thumbnail of The japanese economy: An overview

Il politico: rivista italiana di scienze politiche, 2011

Research paper thumbnail of COVID-19 によるパンデミックの経済的影響への対応:国際的な協調と継続的かつ集中的な対話が必要

Research paper thumbnail of The Olympic and Paralympic Games as a technology showcase

Routledge eBooks, Apr 23, 2020

Research paper thumbnail of Management Careers, Internal Control and Corporate Governance. Where Japan and Germany Differ

Career concerns of managers function as an important control mechanism in the context of corporat... more Career concerns of managers function as an important control mechanism in the context of corporate governance. They bear important motivating and disciplining effects. In Japan, where – in the absence of a well-functioning external market – management careers have been generally restricted to in-house promotions, career concerns also result in efforts by middle management to exert control over and influence top management decisions as they impact their career perspectives. Takaaki Eguchi’s paper explains the background and implications of such internal control mechanisms in Japan and points to their limitations in recent years given the increasing need for a stronger top management function. The paper concludes by emphasizing the role institutional investors can play in amending such limitations. Reviewing relevant empirical research, Franz Waldenberger shows that managerial careers in Germany have long been embedded in an external market. However, market based incentive and control mechanisms remain less important than in the US. The reason can be seen in “internal control” mechanisms specific to German corporate governance. They stem from (a) relatively narrow career paths in terms of fields of expertise requiring a close collaboration among the top management team, (b) the representation of employee representatives on the supervisory board providing the capital side on the board with an additional information channel, and (c) the existence of a major shareholder in most listed companies allowing for direct communication and intervention by the capital side.

Research paper thumbnail of 報告2 Japanese corporate governance : The impact of global interdependence (特集 国際コロキウム グローバライゼーションと日本社会の変容) -- (第1セッション グローバライゼーションと日本の政治経済システム)

Research paper thumbnail of Successful lobbying in the new Europe : why international companies must consider the European Union in their global strategies and how they can successfully represent their interests in Brussels - presented by way of Japanese companies

BWV, Berliner Wissenschafts-Verlag eBooks, 2004

Research paper thumbnail of The Japanese Economy one Year after Fukushima

Research paper thumbnail of Has the Japanese Economy become More Open? Ist die japanische Wirtschaft offener geworden?

Research paper thumbnail of Number Games

Routledge eBooks, Apr 23, 2020

Research paper thumbnail of Strategic Alliances and Innovative Performance in Network Industries: The Case of the Mobile Internet in Japan and Europe

Springer eBooks, May 31, 2006

We argue that the creation of strategic alliances led by mobile network operators has been decisi... more We argue that the creation of strategic alliances led by mobile network operators has been decisive for the promotion of mobile Internet services in Japan. Exclusive business alliances allowed for the internalization of externalities resulting from the systemic nature of the innovation process. This led not only to an improved technical quality of mobile Internet systems, but also to a more efficient organization of content supply. In the early stages of market development, these benefits contributed to a fast development of demand and more than compensated the possible disadvantage that exclusive business advantages cannot fully exploit economies of scale.

Research paper thumbnail of The distinctiveness and diversity of entrepreneurial ecosystems in China, Japan, and South Korea: an exploratory analysis

Asian Business & Management, May 16, 2019

Research paper thumbnail of Message from the editor-in-chief

Contemporary Japan, Jan 2, 2023

Research paper thumbnail of Zivilgesellschaft und Inklusion – zusammenführende Kommentierung

Dortmunder Beiträge zur Sozialforschung, 2022

Research paper thumbnail of Why Has There Been No Inflation in Japan?

Research paper thumbnail of Introduction: Europe and Japan from the Common Market to the European Union

Research paper thumbnail of Finanzsystem

Research paper thumbnail of Sébastien Lechevalier, The great transformation of Japanese capitalism

Contemporary Japan, Jan 2, 2017

Research paper thumbnail of New venture entrepreneurship and context in East Asia: a systematic literature review

Asian Business & Management, Aug 21, 2021

Research paper thumbnail of The Japanese Economy

Research paper thumbnail of Die japanische Wirtschaft heute : ein Überblick

Deutsches Institut für Japanstudien eBooks, 1994

Research paper thumbnail of The japanese economy: An overview

Il politico: rivista italiana di scienze politiche, 2011

Research paper thumbnail of COVID-19 によるパンデミックの経済的影響への対応:国際的な協調と継続的かつ集中的な対話が必要

Research paper thumbnail of The Olympic and Paralympic Games as a technology showcase

Routledge eBooks, Apr 23, 2020

Research paper thumbnail of Management Careers, Internal Control and Corporate Governance. Where Japan and Germany Differ

Career concerns of managers function as an important control mechanism in the context of corporat... more Career concerns of managers function as an important control mechanism in the context of corporate governance. They bear important motivating and disciplining effects. In Japan, where – in the absence of a well-functioning external market – management careers have been generally restricted to in-house promotions, career concerns also result in efforts by middle management to exert control over and influence top management decisions as they impact their career perspectives. Takaaki Eguchi’s paper explains the background and implications of such internal control mechanisms in Japan and points to their limitations in recent years given the increasing need for a stronger top management function. The paper concludes by emphasizing the role institutional investors can play in amending such limitations. Reviewing relevant empirical research, Franz Waldenberger shows that managerial careers in Germany have long been embedded in an external market. However, market based incentive and control mechanisms remain less important than in the US. The reason can be seen in “internal control” mechanisms specific to German corporate governance. They stem from (a) relatively narrow career paths in terms of fields of expertise requiring a close collaboration among the top management team, (b) the representation of employee representatives on the supervisory board providing the capital side on the board with an additional information channel, and (c) the existence of a major shareholder in most listed companies allowing for direct communication and intervention by the capital side.

Research paper thumbnail of 報告2 Japanese corporate governance : The impact of global interdependence (特集 国際コロキウム グローバライゼーションと日本社会の変容) -- (第1セッション グローバライゼーションと日本の政治経済システム)

Research paper thumbnail of Successful lobbying in the new Europe : why international companies must consider the European Union in their global strategies and how they can successfully represent their interests in Brussels - presented by way of Japanese companies

BWV, Berliner Wissenschafts-Verlag eBooks, 2004

Research paper thumbnail of The Japanese Economy one Year after Fukushima

Research paper thumbnail of Has the Japanese Economy become More Open? Ist die japanische Wirtschaft offener geworden?

Research paper thumbnail of Number Games

Routledge eBooks, Apr 23, 2020

Research paper thumbnail of Strategic Alliances and Innovative Performance in Network Industries: The Case of the Mobile Internet in Japan and Europe

Springer eBooks, May 31, 2006

We argue that the creation of strategic alliances led by mobile network operators has been decisi... more We argue that the creation of strategic alliances led by mobile network operators has been decisive for the promotion of mobile Internet services in Japan. Exclusive business alliances allowed for the internalization of externalities resulting from the systemic nature of the innovation process. This led not only to an improved technical quality of mobile Internet systems, but also to a more efficient organization of content supply. In the early stages of market development, these benefits contributed to a fast development of demand and more than compensated the possible disadvantage that exclusive business advantages cannot fully exploit economies of scale.

Research paper thumbnail of The distinctiveness and diversity of entrepreneurial ecosystems in China, Japan, and South Korea: an exploratory analysis

Asian Business & Management, May 16, 2019

Research paper thumbnail of Message from the editor-in-chief

Contemporary Japan, Jan 2, 2023

Research paper thumbnail of The Digital Transformation - Implications for the Social Sciences and the Humanities

Deutsches Institut für Japanstudien, Miscellanea 21, 2020

The term digital transformation (DT) captures the changes in our personal, social, economic, poli... more The term digital transformation (DT) captures the changes in our personal, social, economic, political, cultural and academic life brought about by the rapid diffusion of information and communication technologies. With the increasing digital connectivity, the rise of platform economies and the cost reductions in artificial neural networks, the collection, processing and analysis of large amounts of Big Data have become feasible and widespread.

The combination of Big Data and artificial intelligence (BDAI) is exerting a great impact on the natural, life, physical and engineering sciences in which research has generally been conducted with a more positivist attitude. Here, BDAI reconfigures the scientific research process as it reduces the reliance on a priori theories: Making plausible, but not yet proven statements based on interpreting collected data (so-called “abductive reasoning”) now plays a prominent role in the formulation of new hypotheses and theory-building. As has been argued convincingly, this represents a significant epistemological change (Kitchin, 2014). In contrast, for the social sciences and humanities, representing areas of scholarship that are highly diverse in their philosophical underpinnings, it is less clear what the consequences of the digital transformation will be.

The contributions gathered in this collection shed light on this question. They are the outcome of the workshop “The Digital Transformation – Implications for the Social Sciences and the Humanities” that took place at the German Institute for Japanese Studies (DIJ) on 24 and 25 September 2019. Co-organized by the Nippon Institute for Research Advancement (NIRA) and the German Centre for Research and Innovation Tokyo (DWIH), the workshop brought together scholars from Japan and from abroad, many of the latter being specialists on Japan. This is why the Japanese case is given special attention in many contributions. Even there, however, the insights are not limited to Japan, but address phenomena and implications of the DT of general relevance, even though they may manifest themselves elsewhere under different conditions.