Hamza, Taher; Lakhal, Faten - Laboratoire Orlénais de Gestion (LOG), Faculté de … - 2010
This paper analyses the determinants of earnings management by the acquirer of 60 takeover-bids that occurred between 1998 and 2008 on the French market. Four main findings are shown in this study. First, we find strong evidence that bidder firms manipulate earnings prior to takeovers suggesting...