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- W2114874768 abstract "Using micro data on chief executive (CEO) compensation of 154 large Japanese firms with and without financial keiretsu affiliation, I find that CEOs of keiretsu firms earn 21% less than those of independent firms, after controlling for performance and other relevant variables. I also find that CEO compensation of keiretsu firms is structured so as to reward CEOs for promoting capital investment and thus growth of the firm. These findings are consistent with the recent literature of Japanese corporate governance stressing the role of banks as monitors. © 1997 Elsevier Science B.V." @default.
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- W2114874768 date "1997-07-01" @default.
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- W2114874768 title "Chief executive compensation and corporate groups in Japan" @default.
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- W2114874768 doi "https://doi.org/10.1016/s0167-7187(96)01030-2" @default.
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