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Corporate Acquisitions, Diversification, and the Firm's Lifecycle
Arikan, Asli M. - 2011
Lifecycle theories of mergers and diversification predict that firms make acquisitions and diversify when their …
Persistent link: https://www.econbiz.de/10013119963
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Tobin's Q, Corporate Diversification and Firm Performance
Lang, Larry H.P. - 2002
In this paper, we show that Tobin's q and firm diversification are negatively related. This negative relation holds for … different diversification measures and when we control for other known determinants of q. We show further that diversified firms … number of segment constant. Our evidence is consistent with the view that firms seek growth through diversification when they …
Persistent link: https://www.econbiz.de/10012787492
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Business Groups in Canada : Their Rise and Fall, and Rise and Fall Again
Morck, Randall - 2015
Family-controlled pyramidal business groups were important in Canada early in the 20th century, amid rapid catch-up industrialization, but largely gave way to widely held free-standing firms by mid- century. In the 1970s and early 1980s – an era of high inflation, financial reversal,...
Persistent link: https://www.econbiz.de/10013011941
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Product Innovation, Product Diversification, and Firm Growth : Evidence from Japan's Early Industrialization
Braguinsky, Serguey; Ohyama, Atsushi; Okazaki, Tetsuji; … - 2022
empirical framework allows for separate treatment of product innovation (vertical differentiation) and diversification … (horizontal differentiation). The market context is Japan’s cotton spinning industry at the turn of the last century. We find that …
Persistent link: https://www.econbiz.de/10013321836
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Adoptive Expectations : Rising Sons in Japanese Family Firms
Mehrotra, Vikas - 2011
postwar Japan than generally realized, and also performing well - an unusual finding for a developed economy. Adopted heirs …
Persistent link: https://www.econbiz.de/10013128613
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Cross-Border Acquisitions and Target Firms' Performance : Evidence from Japanese Firm-Level Data
Fukao, Kyoji - 2010
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...
Persistent link: https://www.econbiz.de/10012760742
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Production Networks, Geography and Firm Performance
Bernard, Andrew B. - 2015
Japan which lowered the cost of passenger travel but left shipping costs unchanged. Using an exhaustive dataset on firms …
Persistent link: https://www.econbiz.de/10013024518
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Globalizing Activities and the Rate of Survival : Panel Data Analysis on Japanese Firms
Kimura, Fukunari; Fujii, Takamune - 2021
This paper conducts a Cox-type survival analysis of Japanese corporate firms using census-coverage data collected by METI. A study of exiting firms confirmed several characteristics of Japanese firms in the 1990s. First, excessive internalization in the corporate structure and activities is...
Persistent link: https://www.econbiz.de/10013220825
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How Does Outsourcing Affect Performance Dynamics? Evidence from the Automobile Industry
Novak, Sharon - 2015
This paper examines the impact of vertical integration on the dynamics of performance over the automobile product development lifecycle. Building on recent work in organizational economics and strategy, we evaluate the relationship between vertical integration and different performance margins....
Persistent link: https://www.econbiz.de/10012750358
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Firm Performance and Macro Forecast Accuracy
Tanaka, Mari - 2018
Ever since Keynes' famous quote about animal spirits, there has been an interest in linking firms' expectations and actions. However, empirical evidence has been limited due to a lack of firm-level panel data on expectations and outcomes. In this paper, we build such a dataset by combining a...
Persistent link: https://www.econbiz.de/10012915210