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-M&A legislation in Japan. These findings help determine gains from trading strategies for M&A deals in Japan, and provide insight into … the current M&A environment in Japan as shaped by pro-M&A legislation …
Persistent link: https://www.econbiz.de/10013156625
ratio by the blockholder affects companies' operating performance and bank-firm relationships. In Japan, banks are …
Persistent link: https://www.econbiz.de/10013063183
The Fortis Bank takeover court case demonstrates how shareholders' claims can make a merger and takeover case less … speedy and, indeed, more costly. The case also raises a number of legal issues relating to corporate governance in a takeover …-market efficiency and social-legal justice in intervening in a financial takeover. The case reveals the divergent views taken by the two …
Persistent link: https://www.econbiz.de/10012998313
One method of evaluating the success of management decisions regarding acquisitions is to examine equity price movements as the news of the merger is made public. The price movement of the acquiring firm's equity around the announcement of the acquisition indicates if shareholders believe...
Persistent link: https://www.econbiz.de/10013114289
Using a sample of US bank mergers from 1995 to 2012, we observe that the pre-post merger changes in CEO bonus are significantly negatively related to the strength of corporate governance within the bidding bank. This suggests that bonus compensation is not consistent with the “optimal...
Persistent link: https://www.econbiz.de/10013043231
How does bank integration affect the market for corporate control for nonfinancial firms? We provide causal evidence that interstate bank deregulation affects acquisitions mainly through reducing the information asymmetry between acquirers and targets, instead of increased credit supply. After...
Persistent link: https://www.econbiz.de/10012900778
The U.S. banking industry has seen waves of mergers since the 1980s. Despite a significant body of research on the determinants of these waves, there are few studies of how CEOs influence banks’ mergers and acquisitions (M&As). This paper studies the effect of CEO aggressiveness on bank M&As....
Persistent link: https://www.econbiz.de/10013405017
been improved by a better protection of minority shareholder rights, the efficiency of the takeover market has been reduced …
Persistent link: https://www.econbiz.de/10010298692
been improved by a better protection of minority shareholder rights, the efficiency of the takeover market has been reduced …
Persistent link: https://www.econbiz.de/10010299073
corporate governance disclosure in Japan. The findings suggest that on average 8 banks out of a sample of 46 disclose optimal … firms of banks in the context of Japan. The findings of this paper are relevant for corporate regulators, professional …
Persistent link: https://www.econbiz.de/10013148943