The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Top Executive Rewards and Firm Performance: A Comparison of Japan and the United States
Abstract
This paper studies top executive turnover and compensation, and their relation to firm performance in the largest Japanese and U.S. companies. Japanese executive turnover and compensation are related to earnings, stock returns, and, to a lesser extent, sales performance measures. The fortunes of Japanese top executives, therefore, are positively correlated with stock performance and current cash flows (or with factors contributing to such performance). The relations for the Japanese executives are generally economically and statistically similar to those for their U.S. counterparts. There is some evidence, however, that the fortunes of Japanese executives are more sensitive to low income but less sensitive to stock returns than those of U.S. executives.
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Citations
Cites
The role of banks in reducing the costs of financial distress in Japan
Hoshi, T., Kashyap, A., & Scharfstein, D. (1990) · Journal of Financial Economics · doi:10.1016/0304-405x(90)90021-q · Cited by 1,213
Cited by
A Survey of Corporate Governance
Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb04820.x · Cited by 16,243
The separation of ownership and control in East Asian Corporations
Claessens, S., Djankov, S., & Lang, L. H. P. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00067-2 · Cited by 5,754
The Provision of Incentives in Firms
Prendergast, C. (1999) · Journal of Economic Literature · doi:10.1257/jel.37.1.7 · Cited by 3,338
Are U.S. CEOs Paid More? New International Evidence
Fernandes, N., Ferreira, M. A., Matos, P., & Murphy, K. J. (2013) · Review of Financial Studies · doi:10.1093/rfs/hhs122 · Cited by 302
(1999) · RePEc: Research Papers in Economics · Cited by 93
Metadata
- Authors
- Kaplan, S. N.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 1994-06
- Volume
- 102
- Issue
- 3
- Pages
- 510-546
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2058514143
- Cited by
- 860
- References
- 1
- FWCI
- 108.92
- Type
- journal article
- Language
- en
- Open access
- closed
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- Kaplan, S. N. (1994). Top Executive Rewards and Firm Performance: A Comparison of Japan and the United States. Journal of Political Economy. https://doi.org/10.1086/261944
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
