Original paper
Leveraging foreign institutional logic in the adoption of stock option pay among J apanese firms
Abstract
Research summary : We investigate why J apanese firms have adopted executive stock option pay, which was developed with shareholder‐oriented institutional logic that was inconsistent with J apanese stakeholder‐oriented institutional logic. We argue that J apanese managers have self‐serving incentives to leverage stock ownership of foreign investors and their associated institutional logic to legitimize the adoption of stock option pay. Our...
Paper Details
Title
Leveraging foreign institutional logic in the adoption of stock option pay among J apanese firms
Published Date
Jun 6, 2015
Journal
Volume
37
Issue
7
Pages
1472 - 1492
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Notes
History