Skip to content
Open Access Published by De Gruyter Mouton August 30, 2013

“Company heroes” versus “superstars”: executive pay in Japan in comparative perspective

  • Franz Waldenberger EMAIL logo
From the journal Contemporary Japan


In international comparison, the level and the performance sensitivity of executive pay in Japan are low. Both characteristics can be related to the prevalence of internal labor markets. These not only select the ones who will be promoted to the top, but also strongly influence the way by which the level of executive pay is determined. Last but not least, life-long company careers provide for forms of control that can function as a substitute for explicit incentives built into remuneration packages.

Published Online: 2013-8-30
Published in Print: 2013-8-29

©2013 Walter de Gruyter GmbH, Berlin Boston

This content is open access.

Downloaded on 25.9.2023 from
Scroll to top button