First-Mover Decline and Latecomer Ascent: Corporate Governance, Absorptive Capacity, and Inertia in Japan And Korea
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| Format: | Recurso digital |
| Sprache: | Altenglisch |
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2025
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| _version_ | 1866901146025590784 |
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| author | Jungeun Elly Kim |
| author_facet | Jungeun Elly Kim |
| contents | <p>Japan’s postwar first movers have ceded advantage to latecomer rivals, most notably Korea, despite enduring strengths in quality, precision, and long-term capability development. This paper offers a conceptual, comparative explanation of that reversal by arguing that national corporate governance architectures condition firm-level competitive dynamics through two core mechanisms: absorptive capacity and organizational inertia. The analysis deploys Moon’s ABCD framework as a process-based lens to explain how advantage is built, renewed, or eroded. Synthesizing work on Japan’s coordinated, bank-centered governance and Korea’s owner-centered, centralized governance suggests a clear contrast: mature coordination tends to depress realized absorptive capacity, build structural and routine inertia, and bias learning toward domestic reference points, constraining timely adaptation, whereas under intense external pressure, concentrated ownership and centralized authority can enable rapid strategic commitment, outward benchmarking, and cross-affiliate recombination that convert potential into realized absorptive capacity and selectively overcome inertia while sustaining goal-oriented effort. The paper examines the dynamics of governance, absorptive capacity, organizational inertia, and ABCD processes in relation to competitiveness. It outlines an empirically tractable comparative design for Japan and Korea using firm-level indicators of governance and performance. Contributions include reframing first-mover decline and latecomer ascent as governance-conditioned learning and resistance-to-change dynamics, integrating absorptive capacity and organizational inertia as mediators between governance and ABCD, and deriving implications for strategy, governance reform, and policy in the Asia–Pacific.</p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_17864123 |
| institution | Zenodo |
| language | ang |
| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | First-Mover Decline and Latecomer Ascent: Corporate Governance, Absorptive Capacity, and Inertia in Japan And Korea Jungeun Elly Kim first-mover decline; latecomer ascent; corporate governance; absorptive capacity; organizational inertia; ABCD; Japan; Korea. <p>Japan’s postwar first movers have ceded advantage to latecomer rivals, most notably Korea, despite enduring strengths in quality, precision, and long-term capability development. This paper offers a conceptual, comparative explanation of that reversal by arguing that national corporate governance architectures condition firm-level competitive dynamics through two core mechanisms: absorptive capacity and organizational inertia. The analysis deploys Moon’s ABCD framework as a process-based lens to explain how advantage is built, renewed, or eroded. Synthesizing work on Japan’s coordinated, bank-centered governance and Korea’s owner-centered, centralized governance suggests a clear contrast: mature coordination tends to depress realized absorptive capacity, build structural and routine inertia, and bias learning toward domestic reference points, constraining timely adaptation, whereas under intense external pressure, concentrated ownership and centralized authority can enable rapid strategic commitment, outward benchmarking, and cross-affiliate recombination that convert potential into realized absorptive capacity and selectively overcome inertia while sustaining goal-oriented effort. The paper examines the dynamics of governance, absorptive capacity, organizational inertia, and ABCD processes in relation to competitiveness. It outlines an empirically tractable comparative design for Japan and Korea using firm-level indicators of governance and performance. Contributions include reframing first-mover decline and latecomer ascent as governance-conditioned learning and resistance-to-change dynamics, integrating absorptive capacity and organizational inertia as mediators between governance and ABCD, and deriving implications for strategy, governance reform, and policy in the Asia–Pacific.</p> |
| title | First-Mover Decline and Latecomer Ascent: Corporate Governance, Absorptive Capacity, and Inertia in Japan And Korea |
| topic | first-mover decline; latecomer ascent; corporate governance; absorptive capacity; organizational inertia; ABCD; Japan; Korea. |
| url | https://doi.org/10.5281/zenodo.17864123 |