Economic Analysis of M&As: Why has the number of M&As increased? (Japanese)
The rapid increase in the number of mergers and acquisitions (M&As) from the 1990s onward can be attributed primarily to a type of shock to the growth and/or profitability of certain industries and corporations. Characteristics of industries and corporations subject to particularly aggressive M&A activities include higher growth opportunities, high profitability and lower debt ratios. In this regard, it is fair to say that M&As from the 1990s onward have been used by companies and industries with higher growth opportunities as a tool to turn these opportunities into reality.
|Date of creation:||Apr 2006|
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References listed on IDEAS
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- Devra L. Golbe & Lawrence J. White, 1988. "A Time-Series Analysis of Mergers and Acquisitions in the U.S. Economy," NBER Chapters, in: Corporate Takeovers: Causes and Consequences, pages 265-310 National Bureau of Economic Research, Inc.
- Matthew Rhodes-Kropf & S. Viswanathan, 2004. "Market Valuation and Merger Waves," Journal of Finance, American Finance Association, vol. 59(6), pages 2685-2718, December.
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