The Japanese economy experienced a fifteen-year period of adjustment following the collapse of the bubble economy. As it now attempts to take off toward new frontiers, Japan needs to adopt organizational and institutional designs that will heighten and promote the potential growth and the process of innovation. In so doing, as a more essential requirement for the improvement of corporate innovation and therefore corporate performance, it is important to fundamentally review corporate organizational structures, the status of human resources, and the systems and institutions that function as the infrastructure of markets. This project starts by focusing on corporate mergers and acquisitions, which intensify in recent years, to more fully examine the following questions:
- (1) What are the motives and intent of M&A activities? and
- (2) Are the initially anticipated effects of M&A realized, and does corporate performance actually improve after the completion of corporate reorganization?
In addition, countermeasures to hostile take-over bids and their implications will also be analyzed.
April 1, 2011 - July 31, 2011