Mehrotra, Vikas; van Schaik, Dimitri; Spronk, Jaap; … - In: Journal of Financial and Quantitative Analysis 46 (2011) 04, pp. 1051-1072
Mergers in Japan have the dubious distinction of <italic>not</italic> creating wealth for shareholders of target firms, in sharp contrast to what occurs in much of the rest of the world. Using a sample of 91 mergers from 1982 through 2003 we document several distinctive features of the merger market in Japan:...