Kato, Takao; Miyajima, Hideaki; Ōwan, Hideo - 2018
sample of publicly-traded firms in Japan (covering more than 75% of all firms listed on Tokyo Stock Exchange) over 1989 … per employee results in statistically significant productivity gains. Furthermore, such productivity gains are found to …-executive employees and stock option aimed at incentivizing executives. Finally the positive effects on productivity, profitability, wages …