This study focuses on the stock market impact of Japanese corporate decisions to adopt pension plans. Implementing corporate pension plans in Japan is complicated because they are heavily regulated by the government and the traditional lump-sum-only severance benefit plans already exist,...

As has been reviewed in this book, capitalist economies in the world differ significantly from one another even though they are all capitalist economies. The Japanese, the American economy, and the German economy are all capitalist economies with their own specific features. It is, therefore,...