data of both domestic and cross-border acquisitions by Japanese firms. Although Japan had the second largest GDP in the … world during the analyzed period, active market for corporate control in Japan started recently. The results indicate that M …

of corporate governance. We highlight how the different corporate governance mechanisms affect the takeover process and … outcomes. The internal and external governance mechanisms that we consider are: the board of directors, the takeover market …

and effectiveness on which managers justify defensive tactics under Unocal v. Mesa Petroleum Co. Because some threats have … threats allegedly held out by activist intervention. The policy threats implicate the new balance of power between managers … policy threat, on examination, proves uncompelling, today's corporate managers being disinclined to traverse shareholder …