Ownership structure changes, reforms and corporate restructuring: Evidence from Japan

Muhammad Shahid Iqbal () and Khalid Mustafa
Additional contact information
Khalid Mustafa: University of Karachi

Business Review, 2017, vol. 12, issue 2, 33-64

Abstract: This study explores the implications of control transfer and ownership structure on firm value and restructuring activities in Japan. We find that conventional banks and business group affiliations negatively impact firm value and organizational restructuring, but foreign and private individual shareholding have a positive impact on firm performance and its ability to restructure internally. Furthermore, the transfer of ownership control to market-oriented investors consistently results in greater firm value and restructuring activities that enhance economic efficiency of listed companies in Japan.

Keywords: Corporate; governance; ·; Organizational; restructuring; ·; Keiretsu; ·; Business; groups; ·; Japan (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://businessreview.iba.edu.pk/articles/Ownersh ... ingEvidenceJapan.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aho:journl:v:12:y:2017:i:2:p:33-64

Access Statistics for this article

Business Review is currently edited by sshabbar

More articles in Business Review from School of Economics and Social Sciences, IBA Karachi Contact information at EDIRC.
Bibliographic data for series maintained by sshabbar ().