Examination of japanese firms’ announcement of m&a budgets: From the perspective of signaling theory and impression management theory

Katsuhiko Shimizu, Daisuke Uchida

研究成果: Chapter

抄録

In the rapidly changing and globalizing environment, mergers and acquisitions (M&As) have become increasingly important. In this study, we paid specific attention to the voluntary announcements of M&A budgets by Japanese firms. We discussed the antecedents and consequences of such announcements by incorporating the context of Japan, which has experienced an enduring economic downturn since 1990 and is in the process of adopting a Western style of governance. Drawing on signaling theory and impression management theory, this exploratory study intended to contribute to the literature by incorporating the influence of the social context and by arguing for the possibility that announcements of M&A budgets may be used not only for strategic purposes but also for impression management and to reduce information asymmetry.

元の言語English
ホスト出版物のタイトルAdvances in Mergers and Acquisitions
出版者Emerald Group Publishing Ltd.
ページ53-73
ページ数21
DOI
出版物ステータスPublished - 2018 1 1

出版物シリーズ

名前Advances in Mergers and Acquisitions
17
ISSN(印刷物)1479-361X

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Japanese firms
Signaling theory
Management theory
Announcement
Impression management
Economic downturn
Mergers and acquisitions
Exploratory study
Social context
Information asymmetry
Japan
Governance

ASJC Scopus subject areas

  • Business and International Management

これを引用

Shimizu, K., & Uchida, D. (2018). Examination of japanese firms’ announcement of m&a budgets: From the perspective of signaling theory and impression management theory. : Advances in Mergers and Acquisitions (pp. 53-73). (Advances in Mergers and Acquisitions; 巻数 17). Emerald Group Publishing Ltd.. https://doi.org/10.1108/S1479-361X20180000017003

Examination of japanese firms’ announcement of m&a budgets : From the perspective of signaling theory and impression management theory. / Shimizu, Katsuhiko; Uchida, Daisuke.

Advances in Mergers and Acquisitions. Emerald Group Publishing Ltd., 2018. p. 53-73 (Advances in Mergers and Acquisitions; 巻 17).

研究成果: Chapter

Shimizu, K & Uchida, D 2018, Examination of japanese firms’ announcement of m&a budgets: From the perspective of signaling theory and impression management theory. : Advances in Mergers and Acquisitions. Advances in Mergers and Acquisitions, 巻. 17, Emerald Group Publishing Ltd., pp. 53-73. https://doi.org/10.1108/S1479-361X20180000017003
Shimizu K, Uchida D. Examination of japanese firms’ announcement of m&a budgets: From the perspective of signaling theory and impression management theory. : Advances in Mergers and Acquisitions. Emerald Group Publishing Ltd. 2018. p. 53-73. (Advances in Mergers and Acquisitions). https://doi.org/10.1108/S1479-361X20180000017003
Shimizu, Katsuhiko ; Uchida, Daisuke. / Examination of japanese firms’ announcement of m&a budgets : From the perspective of signaling theory and impression management theory. Advances in Mergers and Acquisitions. Emerald Group Publishing Ltd., 2018. pp. 53-73 (Advances in Mergers and Acquisitions).
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