IDEAS home Printed from https://ideas.repec.org/p/tky/jseres/2006cj152.html
   My bibliography  Save this paper

"The beginning and modification of bonus payments to directors in Japan"(in Japanese)

Author

Listed:
  • Makoto Kasuya

    (Faculty of Economics, University of Tokyo)

Abstract

This paper analyzes the formation and modification of yakuin-shoyo in Japan. Yakuin signifies directors and auditors in these days. Soon after the Meiji Restoration, however, yakuin signified directors and white-collar workers, because National Bank Act of 1872 used this term in this way and many companies were established in accordance with the act. White-collar workers were stipulated in company's articles. Moreover, bonuses were paid not only to directors but also to white-collar workers, of which amounts were determined as a certain percentage of profits in some companies. White-collar workers were under the scheme of profit-sharing. After the commercial code, which was enforced in 1893, however, the influence of National Bank Act became weak and today's usage of yakuin prevailed very fast. Stipulations of articles on white-collar workers disappeared and bonuses to them were paid as costs after the reform of the commercial code of 1899.

Suggested Citation

  • Makoto Kasuya, 2006. ""The beginning and modification of bonus payments to directors in Japan"(in Japanese)," CIRJE J-Series CIRJE-J-152, CIRJE, Faculty of Economics, University of Tokyo.
  • Handle: RePEc:tky:jseres:2006cj152
    as

    Download full text from publisher

    File URL: http://www.cirje.e.u-tokyo.ac.jp/research/dp/2006/2006cj152.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:eee:jjieco:v:47:y:2018:i:c:p:32-54 is not listed on IDEAS

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tky:jseres:2006cj152. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CIRJE administrative office). General contact details of provider: http://edirc.repec.org/data/ritokjp.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.