In today’s briefing:
- Japan’s Governance: What’s Behind the Underperformance of Companies with Takeover Defenses?
Japan’s Governance: What’s Behind the Underperformance of Companies with Takeover Defenses?
- It would be reasonable to hypothesize that companies with takeover defense measures generally lack a clear growth policy and fail to communicate such a growth policy to investors.
- With regard to Growth Policy and Capital Allocation Policy and Disclosures, the analysis of companies with and without anti-takeover measures revealed a clear difference.
- Companies with anti-takeover lack robust growth policy and capital allocation to increase corporate value and fail to communicate the policy to investors, resulting in lower foreign shareholders, low market cap.
Before it’s here, it’s on Smartkarma
