The Market for Corporate Control in Japan by Enrico Colcera
English | PDF | 2007 | 396 Pages | ISBN : 3540715878 | 3.79 MB
This book details modern trends in the M&A market fifteen years after Professor Kester of the Harvard Business School published the first compre- hensive study of Japanese corporate acquisitions and the market for corpo- rate control, and it examines the convergence to a new monitoring model from different angles. A prima facie verification is then provided, based on an examination of the evolution of the M&A environment. Then, an analy- sis of recent hostile takeover cases and the transformation of the regulatory framework governing takeover-related legal issues is given, which further cor- roborates my argument. Upon evaluating the grade of convergence, my conclu- sions ultimately support the hypothesis that the Japanese corporate control has converged to a “hybrid Americanized version of the model of the market for corporate control.”
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