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Does Corporate Law Matter to Executive Compensation?

Research Project

Project/Area Number 16K17024
Research Category

Grant-in-Aid for Young Scientists (B)

Allocation TypeMulti-year Fund
Research Field Civil law
Research InstitutionNagoya University

Principal Investigator

McGinty Sean  名古屋大学, 法学研究科, 特任准教授 (40706818)

Project Period (FY) 2016-04-01 – 2018-03-31
Project Status Completed (Fiscal Year 2017)
Budget Amount *help
¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2017: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2016: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
KeywordsCorporate Law / Executive Compensation / Comparative Law / 民事法学
Outline of Final Research Achievements

This research looked at the relevance of corporate law to executive compensation. It looked at the laws of five jurisdictions - Japan, Germany, Canada, the United Kingdom and the United States - from differing legal traditions and with differing levels of executive compensation. Executive pay in the United States and, to a lesser extent, Canada and the United Kingdom has become extremely high in recent decades in a trend that correlates with growing income inequality across those societies generally. In Japan and Germany executive compensation levels remain more modest in contrast, though increasing somewhat over the same period. The research finds that although significant variation exists in the regulation of executive pay across the countries examined, it is difficult to draw the conclusion that these differences alone explain the contrasting compensation levels observed.

Report

(3 results)
  • 2017 Annual Research Report   Final Research Report ( PDF )
  • 2016 Research-status Report
  • Research Products

    (3 results)

All 2018 2017 2016

All Journal Article (1 results) (of which Int'l Joint Research: 1 results,  Peer Reviewed: 1 results) Presentation (2 results) (of which Int'l Joint Research: 1 results)

  • [Journal Article] What Shareholers in Japan Say About Pay: Does Article 361 of Japan's Companies Act Matter?2018

    • Author(s)
      Sean McGinty, David Green
    • Journal Title

      Asian Journal of Comparative Law

      Volume: 12 Issue: 1 Pages: 1-31

    • DOI

      10.1017/asjcl.2017.26

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Presentation] Executive Compensation in Japanese and Canadian Corporate law: Does Legal Origin Matter?2017

    • Author(s)
      Sean McGinty
    • Organizer
      Italian Japanese Association for Comparative Law III Biennial Conference
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Disputing Director Pay in Japan2016

    • Author(s)
      Sean McGinty
    • Organizer
      Asian Law and Society Conference
    • Place of Presentation
      National University of Singapore
    • Year and Date
      2016-09-22
    • Related Report
      2016 Research-status Report

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Published: 2016-04-21   Modified: 2019-03-29  

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