"Does the Public Offering of Parent and Subsidiary Companies Distort the Market?" (in Japanese)

Takao Kobayashi () and Hiroyuki Yamada
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Hiroyuki Yamada: Graduate School of Economics, University of Tokyo

No CIRJE-J-28, CIRJE J-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: This paper is a companion paper to "Publicly Listed Parent/Subsidiary Pairs: Benchmarking to TOPIX and Market Distortion," by the same authors. The purpose of this separate piece is to give a more intuitive and non-mathematical illustration of the structure of the model, its assumptions, and conclusions. We also discuss the situations in more detail regarding the public offerings of subsidiary companies in today's Japanese equity market.

Pages: 18 pages
Date: 2000-07
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Persistent link: https://EconPapers.repec.org/RePEc:tky:jseres:2000cj28

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