Ryugaku Jinja · Professor Archive
Public Professor Archive
Miyata Ryo宮田 亮
University of the Ryukyus · Faculty of International and Regional Creation · 准教授
- Publications
- 4
- Projects
- 2
- Keywords
- 3
留学
神社University of the Ryukyus · Faculty of International and Regional Creation · 准教授
Research keywords経済成長理論・Economic growth theory・金融契約の理論
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- The Dynamics of Takeovers through Exchange Offers in the Presence of Competition2022 · This study examines the characteristics of takeovers in the presence of competition using a threestage model. We first investigate the property of the equilibrium of mergers and takeovers in a frictionless market, and then analyze the effect that the existence of the competitors had on this process. We apply a general surplus function, rather than a specific one, eliminating the modifying effects of this factor from our study. Our model predicts that the existence of heavy competition in the takeover increases the number of unsuccessful or incomplete deals. Furthermore, we find that the shareholders of the target in a competitive market can choose the timing of accepting an offer, without the need to observe the surplus benefit of the deal. Our model shows that the presence of competition does not always provide the target shareholders with an advantage.
- 契約の不完備性が存在する経済における技術進歩2019 · 宮田 亮
- 金融契約の不完備性と経済成長2003 · (管理者追加)リポジトリ登録情報を移行しました。確認のうえ、加除修正をしてください。
- 投資の関係特殊性がもたらす経済成長パターンの移行1900 · 宮田亮
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