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Merger activity: solutions to Japan's economic downturn?

Merger activity: solutions to Japan's economic downturn? Economic downturn in Japan has brought about an urgent need for Japanese companies to restructure. Throughout the postwar period of economic growth corporate Japan has been dominated by organizational structures based on relational ties, which have protected implicit contracts with employees and acted as a barrier to takeovers. The current disintegration of traditional business networks has brought about restructuring through merger activity, often with foreign firms, resulting in more market‐oriented corporate control structures. The success of these mergers will depend on incorporating market considerations, while retaining the advantages of alliance structures. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Decision Emerald Publishing

Merger activity: solutions to Japan's economic downturn?

Management Decision , Volume 38 (4): 10 – May 1, 2000

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Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
0025-1747
DOI
10.1108/00251740010326324
Publisher site
See Article on Publisher Site

Abstract

Economic downturn in Japan has brought about an urgent need for Japanese companies to restructure. Throughout the postwar period of economic growth corporate Japan has been dominated by organizational structures based on relational ties, which have protected implicit contracts with employees and acted as a barrier to takeovers. The current disintegration of traditional business networks has brought about restructuring through merger activity, often with foreign firms, resulting in more market‐oriented corporate control structures. The success of these mergers will depend on incorporating market considerations, while retaining the advantages of alliance structures.

Journal

Management DecisionEmerald Publishing

Published: May 1, 2000

Keywords: Japan; Mergers and acquisitions; Financial restructuring

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