This study investigates the impact of mergers on employment and employees’ wages in Japan, based on 111 mergers between listed firms observed between 1990 and 2003. Typically, the number of employees decreases by 4.45% three years after a merger, even after changes in sales and other variables...

The C-CAPM is examined-based on a constant relative risk aversion utility function. The subjective discount rate (beta) and coefficient of risk aversion (gamma) are estimated by recursive generalised method of moments estimation over the 1987:12-2010:7 period for the USA and Japan. In contrast...

This study contributes to the literature on market signalling and resource-based view by examining the relationship between intangible assets, value, value outperformance and its sustainability within a sample of public Japanese firms. Results suggest that intangibles are positively related to...

This study contributes to the literature on market signalling and resource-based view by examining the relationship between intangible assets, value, value outperformance and its sustainability within a sample of public Japanese firms. Results suggest that intangibles are positively related to...