Institutional theory has usually been associated with path dependence and inertia. In
international corporate governance, it has been used as an explanation for the supposed …

abstract Corporate governance practices are arguably diffusing across the world. This paper
examines the adoption of the committee‐based governance system (ie audit, nomination …

Research summary: We investigate why J apanese firms have adopted executive stock
option pay, which was developed with shareholder‐oriented institutional logic that was …

Abstract Manuscript Type Empirical Research Question/Issue This paper explores the
incentive structure of executive compensation in J apan in 2010, when Japanese individual …

ABSTRACT Manuscript Type: Empirical Research Question/Issue: Recent dynamics in the
institutional and market environment facilitated the propagation of equity incentive plans …

This paper documents that riskier firms with higher idiosyncratic volatility grant more stock
options to nonexecutive employees. Standard models in the literature cannot easily explain …

Employing the theoretical perspective of neo-institutional change, this paper identifies the
characteristics of early and late adoption of executive stock options (ESOs) in German firms …

Human resources are increasingly seen as a key to innovation competitiveness, and there is
a need for detailed, systematic data on the demographics of inventors, their motivations, and …

Stock options (hereafter SOs) have been extensively investigated by the literature. The
debate has been mainly grounded in the agency theory that has interpreted these tools as …

This paper analyzes institutional and legal changes related to corporate governance and
their impact on financial performance in Japan since the second half of the 1990s. We …