Gong, Guojin; Louis, Henock; Sun, Amy X. - In: Journal of Accounting and Economics 46 (2008) 1, pp. 62-77
There is a positive association between stock-for-stock acquirers' pre-merger abnormal accruals and post-merger announcement lawsuits. The market only partially anticipates the effects of post-merger announcement lawsuits at the merger announcement and the post-merger announcement long-term...