NEWS

AIBで発表した論文がM&A専門書に収録されます

先日AIBで発表した論文が「Advances in Mergers and Acquisitions (volume 17)」に収録されて(Chapter 3) 出版されます。

https://www.emeraldinsight.com/doi/book/10.1108/S1479-361X201817

これは、M&A研究の第一人者で、日本でも『名経営者はなぜ失敗するのか』などで有名なフィンケルシュタイン教授らの編集によるもので、彼らの紹介文には次のようにあります。

We are big fans of the paper by Katsuhiko Shimizu and Daisuke Uchida, for two reasons. First, the question they ask is novel and important in the context of M&As: Are announcements of M&A budgets by Japanese firms (a common practice in Japan) an indicator of strategic intent or a method of managing impressions and reducing information asymmetry? And second, as they review several case studies and draw out relevant research propositions, they produce a model of M&A budget announcements that could be the basis of considerable empirical inquiry, a new direction for research on M&As.