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

• المؤلفون الرئيسيون: GENG, Xuesong, YOSHIKAWA, Toru, COLPAN, Asli M.
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2016
• الموضوعات: corporate governance; institutional logic; foreign ownership; stock option pay; practice adoption; Asian Studies; Corporate Finance; Strategic Management Policy
• الوصول للمادة أونلاين: 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
• المؤسسة: Singapore Management University

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...