書誌事項

M&A for value creation in Japan

Yasuyoshi Kurokawa

(Monden Institute of Management, Japanese management and international studies, v. 6)

World Scientific, c2010

大学図書館所蔵 件 / 23

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注記

Includes bibliographical references and index

内容説明・目次

内容説明

The design or reorganization of a corporate organization should be discussed from the perspective of the supply and demand equilibrium in the market. But it is quite difficult to balance supply and demand by relying on the price mechanism of the market. The book investigates the impact of a takeover on a management's incentives to increase reported earnings. The book also analyzes the type of effects reorganizations have on the laws and regulations, while weighing the company law, accounting standards for financial instruments, tax law, other accounting principles and international standards such as the Financial Accounting Standards Board (FASB) and International Financial Reporting System (IFRS).Proposing a new institutional fundamentalism based on the merits of market competition, the book clarifies the features of public-to-private buyout in Japan, explaining the advantage of going-private transactions. The trend of public-to-private buyouts in Japan and the theoretical framework of public-to-private buyout deals are also dealt with in detail.

目次

  • M&A and Accounting System in Japan: Accounting Problems with Encountered in M&As (Y Kurokawa)
  • A Study of Goodwill and Intangible Fixed Asset on Business Combination: Pharmaceutical Companies in Japan (Y Okura)
  • The Method of Payment in Takeovers and Earnings Management (K Takahashi)
  • Income Smoothing and the Just-In-Time System in the Japanese Automobile Industry (M Kunimura)
  • M&A and Improvement of Corporate Value: M&A and Its Incentive System for the Inter-firm Organization (Y Monden)
  • The Impact of Market Inefficiency on TOB in Japan (T Yamamoto)
  • A Survey of Public to Private Buyout Transactions in Japan (K Sugiura)
  • Do M&As in Japan Increase Shareholder Value? (K Inoue).

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