The impact of ownership structure on wage intensity in Japanese corporations
The authors studied the effect of ownership structure on human capital investments as indicated by wage intensity, defined as the ratio of expenditure on employee wages to sales, in a sample of 996 Japanese manufacturing firms during their economic recession of 1998-2002. They found that domestic sh...
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sg-smu-ink.lkcsb_research-37182019-10-04T06:34:10Z The impact of ownership structure on wage intensity in Japanese corporations YOSHIKAWA, Toru PHAN, Phillip H. DAVID, Parthiban The authors studied the effect of ownership structure on human capital investments as indicated by wage intensity, defined as the ratio of expenditure on employee wages to sales, in a sample of 996 Japanese manufacturing firms during their economic recession of 1998-2002. They found that domestic shareholders, with interests beyond financial considerations, enhance wage intensity, especially when performance is low, and thereby safeguard human capital investments. Foreign shareholders with sole interest in financial returns have an opposite effect; they reduce wage intensity when firm performance is low. 2005-04-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/lkcsb_research/2719 info:doi/10.1177/0149206304271766 https://ink.library.smu.edu.sg/context/lkcsb_research/article/3718/viewcontent/ImpactOwnershipStructureWageIntensity_2005_JOM.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University corporate governance Japan human capital theory ownership structure theory of the firm Asian Studies Business Law, Public Responsibility, and Ethics Organizational Behavior and Theory Strategic Management Policy |
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corporate governance Japan human capital theory ownership structure theory of the firm Asian Studies Business Law, Public Responsibility, and Ethics Organizational Behavior and Theory Strategic Management Policy |
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corporate governance Japan human capital theory ownership structure theory of the firm Asian Studies Business Law, Public Responsibility, and Ethics Organizational Behavior and Theory Strategic Management Policy YOSHIKAWA, Toru PHAN, Phillip H. DAVID, Parthiban The impact of ownership structure on wage intensity in Japanese corporations |
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The authors studied the effect of ownership structure on human capital investments as indicated by wage intensity, defined as the ratio of expenditure on employee wages to sales, in a sample of 996 Japanese manufacturing firms during their economic recession of 1998-2002. They found that domestic shareholders, with interests beyond financial considerations, enhance wage intensity, especially when performance is low, and thereby safeguard human capital investments. Foreign shareholders with sole interest in financial returns have an opposite effect; they reduce wage intensity when firm performance is low. |
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text |
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YOSHIKAWA, Toru PHAN, Phillip H. DAVID, Parthiban |
author_facet |
YOSHIKAWA, Toru PHAN, Phillip H. DAVID, Parthiban |
author_sort |
YOSHIKAWA, Toru |
title |
The impact of ownership structure on wage intensity in Japanese corporations |
title_short |
The impact of ownership structure on wage intensity in Japanese corporations |
title_full |
The impact of ownership structure on wage intensity in Japanese corporations |
title_fullStr |
The impact of ownership structure on wage intensity in Japanese corporations |
title_full_unstemmed |
The impact of ownership structure on wage intensity in Japanese corporations |
title_sort |
impact of ownership structure on wage intensity in japanese corporations |
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Institutional Knowledge at Singapore Management University |
publishDate |
2005 |
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https://ink.library.smu.edu.sg/lkcsb_research/2719 https://ink.library.smu.edu.sg/context/lkcsb_research/article/3718/viewcontent/ImpactOwnershipStructureWageIntensity_2005_JOM.pdf |
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1770570534888669184 |