| Project/Area Number |
16K17024
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Civil law
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| Research Institution | Nagoya University |
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Principal Investigator |
McGinty Sean 名古屋大学, 法学研究科, 特任准教授 (40706818)
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| Project Period (FY) |
2016-04-01 – 2018-03-31
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| Project Status |
Completed (Fiscal Year 2017)
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| 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)
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| Keywords | Corporate Law / Executive Compensation / Comparative Law / 民事法学 |
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| 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.
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