The relation between changes in CEO compensation and firm performance: A Japanese/American comparison

Toshiaki Mitsudome, Joseph Weintrop and Lee-Seok Hwang

Journal of the Japanese and International Economies, 2008, vol. 22, issue 4, 605-619

Abstract: In this paper we compare the relations between the changes in the personal wealth of CEOs and firm performance among Japanese and American companies. Using a personal income measure imputed from annual personal income tax amounts for Japanese executives, we show that Japanese and US CEOs are rewarded for short-term changes in operating income and changes on shareholder wealth, and that the associations are similar for both groups. J. Japanese Int. Economies 22 (4) (2008) 605-619.

Keywords: Corporate; governance; Executive; compensation; Japanese; corporations (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jjieco:v:22:y:2008:i:4:p:605-619

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