Narrow search
Showing 1 - 10 of 17,772
Cover Image
The Change in Information Uncertainty and Acquirer Wealth Losses
Erickson, Merle - 2011
A large body of literature demonstrates that acquisitions are on average value-destroying for the acquirer. We investigate whether the change in the acquirer's information uncertainty contributes to acquirer wealth losses. Information uncertainty affects the discount rate (the cost of capital),...
Persistent link: https://www.econbiz.de/10013124334
Cover Image
Signalling under Uncertainty : The Case of IFRS Adoption
Ghani, Osman - 2019
This paper examines the liquidity, Tobin's Q, and cost of equity effects from voluntary and mandatory IFRS adoption. In contrast to prior work, we focus on the firm level heterogeneity in the economic consequences, recognising that the level of uncertainty avoidance (UAI) in a country will...
Persistent link: https://www.econbiz.de/10012905363
Cover Image
How Do Representations and Warranties Matter? Risk Allocation in Acquisition Agreements
Even-Tov, Omri; Ryans, James; Davidoff Solomon, Steven - 2021
In merger agreements, the seller makes contractual representations and warranties (“reps”) about the state of the target, e.g., attesting to the accuracy of the target’s financial statements. We obtain a proprietary sample of claims for breaches of the reps in acquisition agreements...
Persistent link: https://www.econbiz.de/10013247701
Cover Image
The Effect of Information Quality on Liquidity Risk
Ng, Jeffrey - 2013
I investigate whether information quality affects the cost of equity capital through liquidity risk. Liquidity risk is the sensitivity of stock returns to unexpected changes in market liquidity; recent asset pricing literature has emphasized the importance of this systematic risk. I find that...
Persistent link: https://www.econbiz.de/10013093674
Cover Image
Policy Uncertainty and Accounting Quality
El Ghoul, Sadok - 2020
accounting quality. We find that accounting quality, measured based on Nikolaev's (2018) model, increases during periods of high … the positive relation between EPU and accounting quality is more pronounced for government-dependent firms and firms with … circulation suggest that market participants' attention is a mechanism through which EPU affects accounting quality. Further, we …
Persistent link: https://www.econbiz.de/10012830269
Cover Image
Customer learning and loyalty when quality is uncertain
Gans, Noah - 1999
Persistent link: https://www.econbiz.de/10001427613
Cover Image
Demand Uncertainty and the Production of Audit Services
Ayres, Douglas - 2020
Economic theory suggests that demand uncertainty should influence producer behavior. In this study, we empirically …
Persistent link: https://www.econbiz.de/10012847932
Cover Image
The effect of quality on hotel risk
Nicolau, Juan L.; Sellers, Ricardo - In: Tourism economics : the business and finance of tourism … 17 (2011) 1, pp. 39-52
Persistent link: https://www.econbiz.de/10008992192
Cover Image
The effect of 3D product quality (3D-Q) on perceived risk and purchase intentions : the case of apparel online retailers
Algharabat, Read S.; Shatnawi, Tamather - In: International journal of electronic business 11 (2014) 3, pp. 256-273
Persistent link: https://www.econbiz.de/10010475727
Cover Image
Quality and Grading Risk
Ligon, Ethan A. - 2011
Processors, packer-shippers, integrators, and a variety of third-parties engage in a wide variety of different kinds of grading, intended to summarize quality characteristics of different kinds of foodstuffs. There are two ways in which these grading characteristics may be imperfect. First, they...
Persistent link: https://www.econbiz.de/10013128910