Strategic investments in Japanese corporations: Do foreign portfolio owners foster underinvestment or appropriate investment?
This paper investigates the effect of foreign ownership on strategic investments in Japanese corporations. Foreign owners are typically portfolio investors who frequently buy and sell shares and hold diversified portfolios of small stakes in many firms. Prior research has presented two conflicting p...
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Main Authors: | , , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2006
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Subjects: | |
Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/2507 https://ink.library.smu.edu.sg/context/lkcsb_research/article/3506/viewcontent/StrategicInvJapaneseCorp_SMJ_2006.pdf |
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Institution: | Singapore Management University |
Language: | English |