Document Type
Article
Publication Date
3-31-2014
Publication Title
Electronic Journal of Contemporary Japanese Studies
Volume
14
Issue
1
Pages
1-15
Publisher Name
University of Sheffield School of East Asian Studies
Publisher Location
Sheffield, UK
Abstract
The aim of this interdisciplinary essay is to demonstrate locally shared senses of values (“cultural values”) as the root causes of the cross-national differences in business practice between Japan and the USA; in particular bank loan classification and its value-driven consequences. For this aim, it investigates three levels of bank lending; decision-making at an individual level, bank loan classification at an organisation level and aggregate bank loans at a national level. The essay first examines the historical debate in economic anthropology, with the focus on cultural values. The second part explores research-proven differences in individualism and collectivism. The third part investigates the bank loan classification systems at an organisation level. The fourth part examines the CME-LMC distinction (Hall and Soskice 2001) as a culturally-driven dichotomy of how differently aggregate bank loans appear at a national level. The essay concludes that global frameworks need to accommodate value differences across the world.
Recommended Citation
Kitamura, Kanji. Cultural Accountability for Business-Practice Differences and Beyond: A Comparative Study on Bank Loan Classification Between Japan and the USA. Electronic Journal of Contemporary Japanese Studies, 14, 1: 1-15, 2014. Retrieved from Loyola eCommons, School of Business: Faculty Publications and Other Works,
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Copyright Statement
© The Author, 2014
Comments
Author Posting © The Author, 2014. This article is posted here by permission of the University of Sheffield for personal use, not for redistribution. The article was published in the Electronic Journal of Contemporary Japanese Studies, Volume 14, Issue 1, March 2014, https://www.japanesestudies.org.uk/ejcjs/vol14/iss1/kitamura.html.