An Empirical Study of Management Buy-Out

• Project/Area Number: 23830052
• Research Category: Grant-in-Aid for Research Activity Start-up
• Allocation Type: Single-year Grants
• Research Field: Business administration
• Research Institution: Tokyo Metropolitan University
• Principal Investigator: MATSUDA Chieko 首都大学東京, 社会科学研究科, 教授 (80613140)
• Project Period (FY): 2011 – 2012
• Project Status: Completed (Fiscal Year 2012)
• Budget Amount: ¥3,120,000 (Direct Cost: ¥2,400,000、Indirect Cost: ¥720,000); Fiscal Year 2012: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000); Fiscal Year 2011: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
• Keywords: 経営財務 / 経営学

Research Abstract

In Japan, the number of companies voluntarily going private throughmanagement buy-out and so on has increased over the past years. This study aims to shed light on causes behind these transactions and determinants of buy-outs that have gone private in the years 2009-2011, and it presents a model to forecast such privatization in order to help shareholders and other external stakeholders make more effective decisions.

Research Products

• [Journal Article] 株式上場リスクと非上場企業の特性に関する研究 (2013)
  • Author(s): 松田千恵子
  • Journal Title: 危険と管理 Volume: 44 Pages: 177-194
  • NAID: 130007784562
  • Peer Reviewed
• [Journal Article] Going Private Transactions: A Study of Causes Behind and Preliminary Empirical Analysis of Determinants of Going Private in Japan (2013)
  • Author(s): 松田千恵子
  • Journal Title: Journal of Strategic Management Studies
  • Peer Reviewed
• [Journal Article] 親子上場廃止が投げかける課題 (2013)
  • Author(s): 松田千恵子
  • Journal Title: MARR
  • NAID: 40019621654
• [Journal Article] An Investigation into the Characteristics of Japanese Companies Going Private (2012)
  • Author(s): 松田千恵子
  • Journal Title: Proceedings of The Twenty-Fourth Asian-Pacific Conference on International Accounting Issues
• [Presentation] An Investigation into the Characteristics of Japanese Companies Going Private (2012)
  • Organizer: Asian-Pacific Conference on International Accounting Issues
  • Place of Presentation: Maui(U.S.A.)
  • Year and Date: 2012-10-21
• [Presentation] 非上場化の選択と企業戦略 (2012)
  • Organizer: 国際経営戦略研究学会
  • Place of Presentation: 立命館大学(滋賀)
  • Year and Date: 2012-09-23
• [Presentation] 企業の上場リスクに関する研究 (2012)
  • Organizer: 日本リスクマネジメント学会関東部会
  • Place of Presentation: 専修大学(東京)
  • Year and Date: 2012-06-18
• [Presentation] 非上場化企業の特性に関する研究 (2012)
  • Organizer: 経営情報学会
  • Place of Presentation: 東京経済大学(東京)
  • Year and Date: 2012-05-13
• [Presentation] 非上場化企業の特性に関する研究
  • Author(s): 松田千恵子
  • Organizer: 経営情報学会
  • Place of Presentation: 東京経済大学（東京）
• [Presentation] 企業の上場リスクに関する研究
  • Author(s): 松田千恵子
  • Organizer: 日本リスクマネジメント学会
  • Place of Presentation: 専修大学（東京）
• [Presentation] 非上場化の選択と企業戦略
  • Author(s): 松田千恵子
  • Organizer: 国際戦略経営研究学会
  • Place of Presentation: 立命館大学（滋賀）
• [Presentation] An Investigation into the Characteristics of Japanese Companies Going Private
  • Author(s): 松田千恵子
  • Organizer: Asian-Pacific Conference on International Accounting Issues
  • Place of Presentation: Ritz-Carlton Conference Center(Maui)