Huang, Qiongyu; Zhang, Ruiyao; Li, Jingjing; qiong, yao - 2023
Using a sample of publicly-listed Chinese firms during the period 2009 to 2017, we investigate the impact of financial advisors' industry expertise on the quality of mergers and acquisitions (M&A) in terms of goodwill impairment. Consistent with information transmission hypothesis, we find that...