Purpose – The purpose of this paper is to develop an effective synergy measurement model to support the decision making process in mergers and acquisitions. Design/Methodology/approach – Relevant literature is reviewed and critically assessed. An interpretive methodology is used to analyze...

The purpose of this study is to examine whether merged banks are engaged in earnings management just prior to the merger. I use the Modified Jones model for the empirical tests. Other studies have used the Modified Jones model on multi-industry manufacturing samples. Two other studies (Key 1997;...

The purpose of this paper is to examine the use and effectiveness of synergy valuation models in mergers and acquisitions (M&A). This paper advances the current debate on synergy and valuation models in accounting and finance studies. In particular, it answers the call for a detailed...

The paper presents the theoretical framework explaining the primary cause of mergers of the service-oriented firms. Using the example of equity analyst firms, I analyze the motivation behind these mergers. The analysis is not limited to the aforementioned type of firms and could be extended to...

Antitrust authorities search public documents to discover anticompetitive mergers. Thus, investor disclosures may alert them to deals that would otherwise escape scrutiny, creating disincentives for managers to divulge transactions. We study this behavior in publicly traded US companies. First,...

We contribute to the literature on auditor’s task-specific expertise by examining the role of auditor experience in mergers and acquisitions (M&A), a complicated and increasingly prevalent corporate event that can give rise to misreporting. We find that in industries with more complex...

The paper presents the theoretical framework explaining the primary cause of mergers of the service-oriented firms. Using the example of equity analyst firms, I analyze the motivation behind these mergers. The analysis is not limited to the aforementioned type of firms and could be extended to...

The paper examines the returns to shareholders of acquiring companies in India during the period 2003-08. The abnormal returns due to the announcement of mergers and acquisitions (M&A) and return on equity funds five years before and after M&A have been examined. The study also performs a...

Globalization and liberalization have led firms from emerging markets like India to become more aggressive and opt for mergers and acquisitions (M&A) to fight the competitive battle. The present study attempts to evaluate the impact of mergers and acquisitions on the returns in the short run...

Roughly 60% of all publically announced advisors to China's "Going Out" M&A transactions from 2000 to 2014 were from international financial centres (representing over 70% of deal value). Why did advisors, located so far away from both acquirer and target, manage to dominate the M&A advisory...