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- 葉 聰明
- 国際教養大学
書誌事項
- タイトル別名
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- Bank Directorships and Bidder's Returns in Japanese Takeovers
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This study investigated 145 Japanese domestic mergers and tender offers during 1981 to1998, and found close to zero 3-day abnormal returns for bidders but significantly positivereturns in a larger window period. No positive relationship exists between the bank borrowinglevel and the bidder's cumulative abnormal return. However, when using the bank directorshipto measure bank control, the result of study found that bidder's abnormal returns weresignificantly and adversely associated with bank directorship. The results also suggest thatthe costs of Japanese bank-firm relations may outnumber benefits due to changes in the macroeconomicand legal environment.
収録刊行物
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- 経営行動科学
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経営行動科学 20 (2), 169-184, 2007
経営行動科学学会
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詳細情報 詳細情報について
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- CRID
- 1390282680275255680
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- NII論文ID
- 110006386713
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- NII書誌ID
- AN10281730
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- ISSN
- 18846432
- 09145206
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- NDL書誌ID
- 8917503
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- 本文言語コード
- en
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- データソース種別
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- JaLC
- NDL
- Crossref
- CiNii Articles
- KAKEN
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- 抄録ライセンスフラグ
- 使用不可