The Impact of Market Inefficiency on TOB in Japan

Tatsushi Yamamoto
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Tatsushi Yamamoto: Graduate School of Economics, Nagoya University, Japan

Chapter 6 in M&A for Value Creation in Japan, 2009, pp 91-102 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionInefficiency of the Stock MarketCauses of inefficiency of the marketMarket inefficiency and knowledge in behavioral financeEfficient market and behavioral financeKnowledge in behavioral financeCross-shareholding among Japanese firmsTOB StrategyDetermination of TOB price and its effectStrategies for successful TOBATOB Case in JapanConcluding RemarksReferences

Keywords: M&A for Value Creation; Business Combination; Hostile Takeover; Corporate Governance; Target Firms; Merger and Acquisition; Earnings Management (search for similar items in EconPapers)
JEL-codes: G34 (search for similar items in EconPapers)
Date: 2009
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