| ID | 65277 |
| FullText URL | |
| Author |
Makino, Shige
Graduate School of Economics, Kyoto University
Liu, Aqi
Industrial Development Department, China Merchants Group Limited
Liu, Huanchen
Department of Business Administration, Nanjing University of Aeronautics and Astronautics
Wang, Jingyi
UNSW Business School, University of New South Wales
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| Abstract | This study investigated the causes of stagnant employee pay in Japanese firms. By analyzing agency theory and Japanese governance structure, we argue that pay levels are affected by profit creation, employee productivity, and employee share. Dysfunctional processes in these areas can result in pay stagnation. Our findings demonstrate that employee productivity and profit creation have equally significant impacts on pay levels, whereas employee share affects pay only with high employee productivity. These results suggest that the main reason for stagnant employee pay in Japan is not a failure of profit sharing but rather a failure to link corporate and employee capabilities to a firm’s earning power.
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| Keywords | Employee pay level
Wage stagnation
Compensation strategy
Corporate governance
Profit creation
Employee productivity
Profit allocation
Japan
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| Note | This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: http://dx.doi.org/10.1057/s41291-023-00228-3
This fulltext file will be available in May 2024.
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| Published Date | 2023-05-09
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| Publication Title |
Asian Business and Management
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| Volume | volume22
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| Issue | issue4
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| Publisher | Springer Science and Business Media LLC
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| Start Page | 1743
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| End Page | 1772
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| ISSN | 1472-4782
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| NCID | AA11651061
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| Content Type |
Journal Article
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| language |
English
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| OAI-PMH Set |
岡山大学
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| File Version | author
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| DOI | |
| Web of Science KeyUT | |
| Related Url | isVersionOf https://doi.org/10.1057/s41291-023-00228-3
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| Citation | Gong, Y., Makino, S., Liu, A. et al. Unraveling the stagnation of employee pay in Japanese firms: the impact of profit creation, employee productivity, and employee share. Asian Bus Manage 22, 1743–1772 (2023). https://doi.org/10.1057/s41291-023-00228-3
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| Funder Name |
Japan Society for the Promotion of Science
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| 助成番号 | JP23724735
JP22H00878
JP20K13555
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