Narrow search
Showing 1 - 10 of 2,883
Cover Image
Stock Payment Acquirer's Pre-Acquisition Earnings Management and Its Post-Acquisition Performance
Alphonse, Pascal - 2017
For an M&A context, this paper investigates stock payment acquirers' trade-off strategy between accruals-based earnings management (AM) and real earnings management (REM) and it impacts on firm's post-acquisition performance during the period before and the period after the Sarbanes-Oxley Act...
Persistent link: https://www.econbiz.de/10012969020
Cover Image
Return to Invested Capital and the Performance of Mergers and Acquisitions
Qian, Jun - 2017
We evaluate the efficiency of capital deployment for acquiring firms before M&As, defined as the return on invested capital net of the cost of capital, and link this measure to firms' post-acquisition performance. Acquirers with higher, pre-acquisition net returns on investment have superior...
Persistent link: https://www.econbiz.de/10012973061
Cover Image
Corporate mergers and accounting performance during a period of economic crisis : evidence from Greece
Pazarskis, Michail; Vogiatzoglou, Manthos; Koutoupis, … - In: Journal of business economics and management 22 (2021) 3, pp. 577-595
Merger deals are one of the most important business strategies which can change the company value dramatically. Mergers … analyze merger activities during economic crisis periods, as it was in Greece recently. This paper explores the accounting … for one year before and after the merger. The analysis of Greek listed companies that comprise the final sample is …
Persistent link: https://www.econbiz.de/10012506241
Cover Image
Earnings Management in Firms Seeking to Be Acquired
Anagnostopoulou, Seraina C. - 2015
Empirical evidence regarding accrual-based earnings management around mergers and acquisitions has been setting-specific as far as target firms are concerned. This might be due to the fact that target firms cannot always anticipate an acquisition proposal, and thus lack the motive and the time...
Persistent link: https://www.econbiz.de/10013033154
Cover Image
Shell Games : The Long Term Performance of Chinese Reverse Merger Firms
Lee, Charles M.C. - 2014
We examine the financial health and performance of reverse mergers (RMs) that became active on U.S. stock markets between 2001 and 2010, particularly those from China (around 85% of all foreign RMs). As a group, RMs are early-stage companies that typically trade over-the-counter. Chinese RMs...
Persistent link: https://www.econbiz.de/10013065341
Cover Image
Does Financial Performance Improve Post Cross Border Merger and Acquisitions? : A Detailed Study of Indian Acquirer Firms' Financial Performance Across Target Economy's Development...
Tripathi, Vanita - 2015
The present study focuses upon the comparison between the pre and post merger financial performance of the Indian …
Persistent link: https://www.econbiz.de/10013022450
Cover Image
Mergers and acquisitions (M&AS) by R&D intensive firms
Dutta, Shantanu; Kumar, Vinod - In: Journal of risk and financial management : JRFM 2 (2009) 1, pp. 1-37
In this study, we evaluate the impact of R&D intensity on acquiring firms’ abnormal returns by examining 925 Canadian completed deals between 1993 and 2002 that have information on R&D expenditures. While examining the returns to acquiring firm shareholders in the R&D intensive firms we...
Persistent link: https://www.econbiz.de/10011556072
Cover Image
An Anatomy of Serial Acquirers, M&A Learning, and the Role of Post-Merger Integration
Kengelbach, Dr. Jens - 2012
takeover performance, focusing on the benefits of organizational learning and the detriments of post-merger integration (PMI …
Persistent link: https://www.econbiz.de/10013113821
Cover Image
Revisiting the Merger and Acquisition Performance of European Banks
Athanasoglou, Panayiotis P. - 2012
The study examines the value creation of Merger and Acquisition (M&A) deals in European Banking from 1990-2004. This is …
Persistent link: https://www.econbiz.de/10013098733
Cover Image
Creditor Rights, Claims Enforcement, and Bond Performance in Merger and Aqcuisitions
Renneboog, Luc - 2017
This paper shows that country-level differences in creditor protection affect bond performance around cross-border M&A announcements. Using Eurobonds and a global sample of 1,100 cross-border M&As, we find that the bondholders of bidding firms respond more positively to deals that expose their...
Persistent link: https://www.econbiz.de/10012961171