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Economic Analysis of M&As: Why has the number of M&As increased? (Japanese)

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  • ARIKAWA Yasuhiro
  • MIYAJIMA Hideaki

Abstract

The rapid increase in the number of mergers and acquisitions (M&As) from the 1990s onward can be attributed primarily to a type of shock to the growth and/or profitability of certain industries and corporations. Characteristics of industries and corporations subject to particularly aggressive M&A activities include higher growth opportunities, high profitability and lower debt ratios. In this regard, it is fair to say that M&As from the 1990s onward have been used by companies and industries with higher growth opportunities as a tool to turn these opportunities into reality.

Suggested Citation

  • ARIKAWA Yasuhiro & MIYAJIMA Hideaki, 2006. "Economic Analysis of M&As: Why has the number of M&As increased? (Japanese)," Discussion Papers (Japanese) 06034, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:rdpsjp:06034
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    File URL: https://www.rieti.go.jp/jp/publications/dp/06j034.pdf
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    References listed on IDEAS

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