View in EDS PDF Full Text

NEC Electronics

Saved in:
Bibliographic Details
Title: NEC Electronics
Description: Why do shares in NEC Electronics, a publicly listed subsidiary of Japan conglomerate NEC trade at a discount to their fundamental value? Can Perry Capital, a U.S. hedge fund, restructure this subsidiary and generate significant returns? This case provides students with an opportunity to analyze Perry's decision to invest in NEC Electronics. In doing so, it asks for the reasons that NEC might take actions that destroy value and shift value away from NECE's minority shareholders. The events covered allow for a discussion of how ownership concentration constrains restructuring alternatives, how hedge fund investors might confront controlling shareholders, and how the mispricing of agency costs can give rise to ownership structures that allow for minority shareholder expropriation.
Authors: C. Fritz Foley, James Quinn, Robin Greenwood
Resource Type: eBook.
Categories: BUSINESS & ECONOMICS / General
Database: eBook Collection (EBSCOhost)
FullText Links:
  – Type: ebook-pdf
Text:
  Availability: 0
Header DbId: nlebk
DbLabel: eBook Collection (EBSCOhost)
An: 2308942
RelevancyScore: 1018
AccessLevel: 6
PubType: eBook
PubTypeId: ebook
PreciseRelevancyScore: 1018.08020019531
IllustrationInfo
ImageInfo – Size: thumb
  Target: https://rps2images.ebscohost.com/rpsweb/othumb?id=NL$2308942$PDF&s=r
– Size: medium
  Target: https://rps2images.ebscohost.com/rpsweb/othumb?id=NL$2308942$PDF&s=d
Items – Name: Title
  Label: Title
  Group: Ti
  Data: NEC Electronics
– Name: Abstract
  Label: Description
  Group: Ab
  Data: Why do shares in NEC Electronics, a publicly listed subsidiary of Japan conglomerate NEC trade at a discount to their fundamental value? Can Perry Capital, a U.S. hedge fund, restructure this subsidiary and generate significant returns? This case provides students with an opportunity to analyze Perry's decision to invest in NEC Electronics. In doing so, it asks for the reasons that NEC might take actions that destroy value and shift value away from NECE's minority shareholders. The events covered allow for a discussion of how ownership concentration constrains restructuring alternatives, how hedge fund investors might confront controlling shareholders, and how the mispricing of agency costs can give rise to ownership structures that allow for minority shareholder expropriation.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22C%2E+Fritz+Foley%22">C. Fritz Foley</searchLink><br /><searchLink fieldCode="AR" term="%22James+Quinn%22">James Quinn</searchLink><br /><searchLink fieldCode="AR" term="%22Robin+Greenwood%22">Robin Greenwood</searchLink>
– Name: TypePub
  Label: Resource Type
  Group: TypPub
  Data: eBook.
– Name: SubjectBISAC
  Label: Categories
  Group: Su
  Data: <searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+General%22">BUSINESS & ECONOMICS / General</searchLink>
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=2308942
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Code: eng
        Text: English
    Titles:
      – TitleFull: NEC Electronics
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: C. Fritz Foley
      – PersonEntity:
          Name:
            NameFull: James Quinn
      – PersonEntity:
          Name:
            NameFull: Robin Greenwood
      – PersonEntity:
          Name:
            NameFull: C. Fritz Foley
      – PersonEntity:
          Name:
            NameFull: James Quinn
      – PersonEntity:
          Name:
            NameFull: Robin Greenwood
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2008
          Titles:
            – TitleFull: NEC Electronics
              Type: main
ResultId 1