In May 1997, the Japanese Commercial Code was amended to allow firms to begin granting stock options as compensation to top management and employees. Nearly 350 firms adopted option-based compensation plans between 1997 and 2001. These options typically have five year lives and are...

"This book collects important contributions in behavioral economics and related topics, mainly by Japanese researchers, to provide new perspectives for the future development of economics and behavioral economics. The volume focuses especially on economic studies that examine interactions of...

We use an objective measure - the ex post rate of publication of presented paper - to document the information content of a presentation at a conference. We select five conferences that are open to all submitters, the selection of papers is based on peer review, and the papers not limited to a...