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This paper empirically examines the impact of exiting the stock market on corporate innovation activities using Japanese going private type MBO data. Difference-in-differences analysis in regression framework is implemented on panel data consisting of firms that conducted public-to-private MBO...
Persistent link: https://www.econbiz.de/10013235467
We analyze the characteristics of the firms that introduce anti-takeover provisions using a Japanese firm-level dataset … suggested to be motivated by self-protection on the part of managers and is influenced by the conflicts of interest between … managers and shareholders. We also find that the operating performance or the stock market valuation does not affect the …
Persistent link: https://www.econbiz.de/10013120812
As attention moves rapidly towards comparative approaches, the research and teaching of company law has somehow lagged behind. The overall purpose of this book is therefore to fill a gap in the literature by identifying whether conceptual differences between countries exist. Rather than...
Persistent link: https://www.econbiz.de/10013086789
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This Article aims to assess the claim that three countries only (Italy, Japan and Portugal) present a tripartite, Latin, classic, hybrid, model of corporate governance. In May 2015, Law June 27th 2014, n. 90, elaborated within the Japan Revitalization Strategy, entered into force. Once again, it...
Persistent link: https://www.econbiz.de/10012901623
endogeneities. The findings have important implications for academics, investors, managers, policy-makers, and regulators …
Persistent link: https://www.econbiz.de/10013223204
Corporate governance has developed significantly in Japan over the last fifteen years with shareholder participation, corporate sustainability and the deployment of technology for corporate governance as its main goals. The new corporate model moves away from the post-war bank-dominated,...
Persistent link: https://www.econbiz.de/10014244864
Merger and acquisition (M&A) is a mechanism for promoting corporate governance suggesting that an improvement in overall corporate governance may have a negative effect on M&A activity. Since M&A foreign direct investment (FDI) is a cross-border variant of M&A, stronger corporate governance may...
Persistent link: https://www.econbiz.de/10013069901