Narrow search
Showing 1 - 10 of 2,972
Cover Image
Bidder Earnings Forecasts in Mergers and Acquisitions
Amel-Zadeh, Amir - 2019
This study finds that pro-forma earnings forecasts by bidding firms during acquisitions are associated with a higher likelihood of deal completion, expedited deal closing, and with a lower acquisition premium − but only in stock-financed acquisitions. Analysts also respond to these forecasts...
Persistent link: https://www.econbiz.de/10012905443
Cover Image
The Influence of Audit Committee Expertise on Firms’ Internal Controls : Evidence from Mergers and Acquisitions
Sterin, Mikhail - 2020
provides a channel through which audit committee expertise leads to positive financial reporting outcomes. I find that audit … control over financial reporting (ICFR) integration. In my second analysis, I find that target ICFR integration provides an … control decisions and related financial reporting outcomes …
Persistent link: https://www.econbiz.de/10012836227
Cover Image
Acquirer Internal Control Weaknesses in the Market for Corporate Control
Darrough, Masako N. - 2017
financial reporting. We expect that such acquirers will be more likely to misestimate the value of their targets or the …
Persistent link: https://www.econbiz.de/10012968596
Cover Image
Financial reporting quality and acquisition profitability : evidence from Korea
Yoo, Youngtae; Lim, Joohyun; Chang, James Jinho - In: The journal of applied business research 29 (2013) 6, pp. 1737-1750
Persistent link: https://www.econbiz.de/10010229509
Cover Image
Why Do Firms Bundle Earnings and Acquisition Announcements?
Gaspar, Jose-Miguel - 2019
An increasing fraction of M&A deals are announced on the same day in which the bidder reports its quarterly earnings, a phenomenon we call ‘bundled' announcements. Compared to other bids, bundled bids are associated with strongly lower bidder announcement returns. We investigate possible...
Persistent link: https://www.econbiz.de/10012900630
Cover Image
The Informativeness of Internal Control Weakness Disclosure on Acquirers’ M&A Decisions
Yorke, Sally; Mo, Phyllis; Chan, Koon Hung - 2021
We examine the relevance of the disclosure of internal control weaknesses (ICWs) by target firms for acquirers in making their merger-and-acquisition (M&A) decisions. Based on a sample of M&A transactions in 2005–2018, we find that acquirers offer lower premiums for targets that disclose ICWs...
Persistent link: https://www.econbiz.de/10013238865
Cover Image
Does High Leverage Impact Earnings Management? Evidence from Non-Cash Mergers and Acquisitions
Alsharairi, Malek - 2012
credibility of corporate reports and restrict the use of management's discretionary power to manipulate earnings prior to special …
Persistent link: https://www.econbiz.de/10013098296
Cover Image
The Effect of State Antitakeover Laws on Corporate Tax Avoidance
Gao, Xinghua - 2020
We examine the implications of enhanced managerial control afforded by state anti-takeover laws for tax avoidance and find the strength of anti-takeover statutes in a state is negatively related to tax avoidance of firms incorporated in that state. In testing underlying mechanisms, we find that...
Persistent link: https://www.econbiz.de/10012834012
Cover Image
Does Threat of Takeover Affect Default Risk?
Balachandran, Balasingham - 2019
We find that the threat of takeover has a negative relation with default risk. The result is robust to alternative estimation methods, different measures of default, exclusion of the financial crisis period and over a number of sub-periods. We identify improvement in performance and earnings...
Persistent link: https://www.econbiz.de/10012893066
Cover Image
The Disciplinary Role of Financial Statements : Evidence from Mergers and Acquisitions of Privately Held Targets
Chen, Ciao-Wei - 2019
This study examines whether requiring the disclosure of audited financial statements disciplines managers' mergers and acquisitions (M&A) decisions. When an M&A transaction meets certain disclosure thresholds, the SEC requires the public acquirer to disclose the target's audited financial...
Persistent link: https://www.econbiz.de/10012895296