摘要:

AbstractThis study examines the association of four factors with U.S. securities market reactions to annual earnings announcements by non‐U.S. multinational corporations and by a control sample of U.S. firms. The four factors examined are firm size, the magnitude of earnings change, timeliness, and the presence or absence of a concurrent dividend announcement. The non‐U.S. corporations are from five countries ‐ Israel, Japan, Netherlands, Philippines, and United Kingdom. Results for the group of non‐U.S. firms indicate that firm size and timeliness are significant explanatory variables. For the control sample of U.S. firms, only size is sign

ISSN:0954-1314    

DOI:10.1111/j.1467-646X.1991.tb00099.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

ISSN:0954-1314    

DOI:10.1111/j.1467-646X.1991.tb00100.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

ISSN:0954-1314    

DOI:10.1111/j.1467-646X.1991.tb00101.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

摘要:

AbstractThe purpose of this paper is first to dispel the myth that mergers and acquisitions do not occur in Japan and secondly to highlight the major environmental factors that influence such corporate reorganisations. The main influences discussed include corporate culture and Japanese enterprises, the government as a regulator, the regulatory agencies, and institutional influences. These issues are of importance because not only have they featured in trade negotiations between Japan and the West but also in highlighting to financial managers those factors that are crucial to the outcome of corporate reorganisations in Japan.

ISSN:0954-1314    

DOI:10.1111/j.1467-646X.1991.tb00102.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

ISSN:0954-1314    

DOI:10.1111/j.1467-646X.1991.tb00103.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY