This paper analyzes changes in corporate performance pre-and post-merger, using a database of 1,590 corporate mergers (including unlisted companies), which took place between 1994 and 2002. The database was created using RECOF Corporation's M&A data and firm-level data from the Basic Survey of...

In this paper we analyze the characteristics of firms that introduced hostile takeover defense measures in fiscal years 2005 and 2006. We analyze the motivation for adopting these measures after categorizing it as either (1) depressed corporate performance, (2) self-protection for corporate...

This paper examines the effect of negative demand shocks on the labor composition of firms, focusing on the change in the ratio of temporary agency workers to all workers.To distinguish a causal link from product demands to employee composition from the reverse causation, we used the global...

Using a large dataset of Japanese firms spanning the period from 1995 to 2011, we analyze private firms' going-public decision as well as their post-initial public offering (IPO) behavior and performance. To this end, we adopt the propensity-score matching difference-in-differences (PSM-DID)...

Recent developments in empirical studies have shown that an increase in minimum wages has a non-negative overall employment effect, which is inconsistent with the prediction generated by the textbook competitive labor market model. This paper examines the mechanism that explicitly explains this...

The purpose of this paper is to examine the impact on firm-level productivity of Japan's regulatory restrictions on the dismissal of employees. First, with regard to the route through which restrictions on employee dismissal affect firm-level productivity we set out hypotheses indicated by...

Corporate-owned assets can be broadly divided into tangible (buildings, structures, etc.) and intangible (knowledge, technology, human resource, etc.). In recent years, efforts have been widely made to construct a quantitative assessment (visualization) of the latter. According to Hulten and Hao...

This paper analyzes the effects of Japanese corporate acquisition by foreign and Japanese companies in the manufacturing and wholesale/retail industries, using microdata from the Basic Survey of Japanese Business Structure and Activities. In addition to comparisons by industry, this paper...

This paper analyzes competition policy and antimonopoly law provisions with respect to regional integration. The international aspects of competition policy and antimonopoly law can take a variety of forms. With regard to the forms of agreement between countries, we compare bilateral agreements...

MARUYAMA Hiroshi