Based on data from an original survey of senior HR executives in Japan and the United States, this paper provides empirical data for evaluating institutional convergence. In both countries, the headquarters HR function has shrunk and employment decisions have become more decentralized. However,...

This paper considers the association between financial development and labor-market outcomes such as risk and inequality. The relationship is not straightforward, however. It is mediated by politics at the national and corporate levels. Politics spurs financial development, which sets in motion...

A growing literature discusses the convergence of national systems of corporate governance. Fostering convergence are activist institutional investors, especially from the United States. The following is a case study of one institutional investor - the giant pension fund, CalPERS - and its...

This paper presents an analysis of several experiments in union-management cooperation that took place during the 1920s. The author examines the economic and social factors that influenced the formation, operation, and decline of these experiments. Although observers at that time hoped that...