In brief economic capsules: equity carve-outs in Tokyo

Ted Fikre

Quarterly Review, 1990, vol. 15, issue Win, 60-64

Abstract: The author examines the pricing of U.S. subsidiaries and U.S. joint ventures \"carved out\" and taken public on the Tokyo stock market in recent years. In comparing the price-earnings multiples obtained by the carve-outs with the contemporaneous multiples of their parent companies, he offers some perspective on the broader pricing discrepancy between the Japanese and U.S. markets in the late 1980s.

Keywords: Japan; Stock - Prices - Japan (search for similar items in EconPapers)
Date: 1990
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