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Economic Determinants and Information Environment Effects of Earnouts : New Insights from SFAS 141(R)

Cadman, Brian D. - 2013

Contingent considerations (“earnouts”) in acquisition agreements provide sellers with future payments conditional on meeting certain conditions. Prior research provides evidence that acquiring firms use earnouts to minimize agency costs associated with acquisitions. Using earnout fair value...

Persistent link: https://www.econbiz.de/10013091195

The Change of the Value Relevance of Accounting Information After Mergers and Acquisitions : Evidence From the Adoption of SFAS 141(R)

Kwon, Shin Hyoung - 2019

This study examines how and why investors change the use of their information sources in valuation between book value and earnings after mergers and acquisitions (M&A) in both pre- and post-SFAS 141(R) periods. We find that investors generally put less weight on earnings but more weight on book...

Persistent link: https://www.econbiz.de/10012897720

Economic Determinants and Information Environment Effects of Earnouts : New Insights from SFAS 141(R)

Cadman, Brian D. - 2014

Contingent considerations (earnouts) in acquisition agreements provide sellers with future payments conditional on meeting certain conditions. Prior research provides evidence that acquiring firms use earnouts to minimize agency costs associated with acquisitions. Using earnout fair value...

Persistent link: https://www.econbiz.de/10013057714

The Role of International GAAP in Cross-Border Mergers and Acquisitions

Francis, Jere R. - 2012

with similar Generally Accepted Accounting Principles (GAAP). Moreover, we find that the takeover premium is higher if …

Persistent link: https://www.econbiz.de/10013101841

Tax-Optimal Step-Up and Imperfect Loss Offset

Diller, Markus - 2012

In the field of mergers and acquisitions, German and international tax law allow for several opportunities to step up a …

Persistent link: https://www.econbiz.de/10013106189

The Governance Transfer of Blockholders : Evidence from Block Acquisitions and Earnings Management around the World

Dai, Lili - 2017

We examine the governance transfer effect of corporate blockholders in a sample of 892 block acquisitions across 42 countries from 1990 to 2008. Using earnings management as a proxy for corporate governance outcome, we find that target firms' earnings management is aligned with that of block...

Persistent link: https://www.econbiz.de/10012974044

How does the Market for Corporate Control Impact Tax Avoidance? Evidence from International M&A Laws

Hu, Jinshuai; Li, Siqi; Shevlin, Terry J. - 2021

corporate tax planning. Exploiting the staggered enactment of M&A laws across countries that increased the threat of takeover as … avoidance following the takeover law passage. Our analysis suggests that reduced management private benefits consumption (i … strategies, is the likely mechanism through which takeover laws impact tax avoidance. Collectively, our findings extend the …

Persistent link: https://www.econbiz.de/10013220207