The volume is a collection of papers on 'M&A in Japan - a new instrument for corporate policy', with a special emphasis on small and medium firms, presented at a workshop in December 1999. The first contribution gives an overview of international M&A in recent years. Next, preliminery results of...

Large and foreign-owned institutions may have difficulty extending relationship loans to informationally opaque small firms. Bank distress does not appear to affect small business lending, although even small firms may react to bank distress by borrowing from multiple banks

"Einen richtigen Unternehmenswert per se gibt es nicht!" (Meyer, 2002, S. 582.) Diese provokative Aussage scheint im Zuge der Unternehmensbewertungen und in einer Dissertation zu diesem Thema unangebracht zu sein. Inwiefern dieser Auspruch jedoch seine Richtigkeit hat, wird im ersten Teil der...