Fukao, Kyoji; Ito, Keiko; Kwon, Hyeog Ug; Takizawa, Miho - National Bureau of Economic Research (NBER) - 2006
Using Japanese firm-level data for the period from 1994-2002, this paper examines whether a firm is chosen as an acquisition target based on its productivity level, profitability and other characteristics and whether the performance of Japanese firms that were acquired by foreign firms improves...