Using Japanese firm-level data for the period from 1994-2002, this paper examines whether a firm is chosen as an acquisition target based on its productivity level, profitability and other characteristics and whether the performance of Japanese firms that were acquired by foreign firms improves...

Moreover, we find that there is no positive impact on target firms' profitability in the case of both within-group in-in acquisitions and in-in acquisitions by domestic outsiders. In fact, in the manufacturing sector, the return on assets even deteriorated one year and two years after...

We address a gap in prior literature on female managerial representation and corporate performance. Prior evidence linking increases in female managerial representation to corporate performance has been surprisingly mixed, due in part to data limitations and methodological difficulties. Using...