Kim, Kyung Soon; Lee, Jin Hwon; Park, Yun W. - In: Managerial Finance 48 (2021) 1, pp. 27-48
Purpose: This study examines acquirers' earnings management in intragroup mergers to investigate whether stock-for-stock mergers between affiliated firms within the same family-controlled business group facilitate the controlling shareholder's rent seeking. Specifically, it investigates the...