The fact of a small number of hostile takeover bids in Japan the recent past, together with technical amendments of the … institutions operated to prevent the poison pill from fully enabling the target board to block a hostile takeover. It then …

For a Japanese model of takeover rules, the following regulatory approaches may be considered:1) imposition of … significance of the regulatory context of takeover rules by returning to its basic structure and choose an option which best suits …

This paper conjectures that when a bank's borrowing clients merge, the merger reduces the bank's risk. Because banks … this hypothesis. First, banks of the merger firms on average gained positive abnormal returns upon announcements of mergers … between their clients. Second, wealth gain to banks partially stemmed from the acquirers' pre-merger slack, which was used …

Using the Japanese bank merger dataset for the 2000s, this paper investigates whether the reduction of the ownership … subsequent operating performance has a non-linear relationship with the cumulative shareholding ratio in the pre-merger period …% rule after the banks merger …

partial merger announcements. Unlike total mergers whose value accrues mostly to the shareholders of small (acquired) firms …