Debates regarding corporate governance have become increasingly important in Japan as the post-war model of bank-based, stakeholder-oriented corporate governance faces the new pressures associated with globalization and growing investor demands for shareholder value. Bringing together a group of...

This paper compares the characteristics of Mamp;A in 1991-2005 across five countries: Japan, France, Germany, the UK and USA. We ask what factors explain the growth of Mamp;A markets across these countries, and what similarities and differences exist in the ways the Mamp;A market operates. We...