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Chief Executive Compensation and Corporate Groups in Japan: New Evidence From Micro Data

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  • Takao Kato

    (The Jerome Levy Economics Institute)

Abstract

A growing body of literature has arisen analyzing compensation levels of Japanese CEOs. In this paper, Kato first looks at what compensation levels during the 1980s to examine the differences between Japanese executives whose firms are members of corporate groups (those linked by their relationships to a main bank and by cross-holding of equity) and those that are independent.

Suggested Citation

  • Takao Kato, 1999. "Chief Executive Compensation and Corporate Groups in Japan: New Evidence From Micro Data," Macroeconomics 9906003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:9906003
    Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on PostScript; pages: 34; figures: included
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    References listed on IDEAS

    as
    1. Kaplan, Steven N. & Minton, Bernadette A., 1994. "Appointments of outsiders to Japanese boards: Determinants and implications for managers," Journal of Financial Economics, Elsevier, vol. 36(2), pages 225-258, October.
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    3. Weinstein, David E & Yafeh, Yishay, 1995. "Japan's Corporate Groups: Collusion or Competitive? An Empirical Investigation of Keiretsu Behavior," Journal of Industrial Economics, Wiley Blackwell, vol. 43(4), pages 359-376, December.
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    6. Hoshi, Takeo & Kashyap, Anil & Scharfstein, David, 1990. "The role of banks in reducing the costs of financial distress in Japan," Journal of Financial Economics, Elsevier, vol. 27(1), pages 67-88, September.
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