Fukao, Kyoji; Ito, Keikok; Kwon, Hyeg Ug; Takizawa, Miho - Institute of Economic Research, Hitotsubashi University - 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...