Leveraging foreign institutional logic in the adoption of stock option pay among Japanese firms

We investigate why Japanese firms have adopted executive stock option pay, which was developed with shareholder-oriented institutional logic that was inconsistent with Japanese stakeholder-oriented institutional logic. We argue that Japanese managers have self-serving incentives to leverage stock ow...

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Bibliographic Details
Main Authors: GENG, Xuesong, YOSHIKAWA, Toru, COLPAN, Asli M.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4786
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5785/viewcontent/Leveraging_foreign_institutional.pdf
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Institution: Singapore Management University
Language: English