ch. 1. Corporations in modern society -- ch. 2. For whom are contemporary companies managed? -- ch. 3. Corporate value in stakeholder society -- ch. 4. Are strong shareholder rights desirable? -- ch. 5. Is governance by shareholders necessary? Employees' quiet exit -- ch. 6. The board of...

Purpose – This study sets out to explore questions such as: “Does mission statement matter? If so, in what ways?” Using data on mission statements of 128 large Japanese firms, the paper aims to show that corporate mission has a significant impact on corporate policies that determine...