Spronk, Jaap; Mehrotra, Mehrotra, V.; van Schaik, van … - Erasmus Research Institute of Management (ERIM), … - 2008
.S. Using a sample of 91 mergers in the period 1982-2003 we document several distinctive features of this market in Japan. First …, we show that in stark contrast to the pro-cyclical U.S. merger waves, mergers in Japan tend to be counter-cyclical, both … the U.S. experience, we find that a significant fraction of Japanese mergers are orchestrated by the main banks; in such …
