Park, Jinwoo; Shiroshita, Kengo; Sun, Naili; Park, Yun W. - In: Managerial Finance 44 (2018) 9, pp. 1155-1171
Purpose: The purpose of this paper is to analyze the wealth effect of involuntary delisting and investigate insider opportunism and the role of corporate governance, liquidity and legal environment in involuntary delisting in Japan’s stock market. Design/methodology/approach: The authors use...