“…For example, most large Japanese companies have maintained unique human resource (HR) practices, such as periodic recruiting of new graduates, long-term employment, long-term investment in HRs and seniority payment, despite the prolonged economic stagnation in Japan (Ahmadijan and Okumura, 2011;Pettigrew et al, 2000). As to such HR practices in Japan, individuals working for large companies tend to stay with their employers over the long term, progressing in their career vertically within an organization (Ariga, 2006;Dirks et al, 2000). Therefore, it can be expected that Japanese TMT members will tend to be long-tenured and mature people.…”