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The Influence of Audit Committee Expertise on Firms’ Internal Controls : Evidence from Mergers and Acquisitions
Sterin, Mikhail - 2020
This study examines how audit committee expertise influences firms' key internal control scoping decisions. Using a unique M&A setting where the internal control audit is voluntary, I study whether audit committee expertise is associated with the deferral of internal control testing for acquired...
Persistent link: https://www.econbiz.de/10012836227
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Equal Treatment of Shareholders under the Dual Class Share Structure : Recent Development of Takeover Rules in Singapore
You, Chuanman - 2021
On 24 January 2019, a revised Singapore Code on Take-overs and Mergers (the Take-overs Code) was promulgated by the … Monetary Authority of Singapore (MAS) on the advice of the Securities Industry Council (the SIC).The revisions are to ensure … a strong shareholder protection in Singapore. It has been positively accepted by the market for corporate control, as …
Persistent link: https://www.econbiz.de/10013219889
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Effects of takeover protection on earnings overstatements : evidence from restating firms
Zhao, Yijiang; Chen, Kung H.; Yao, Lee Jian - In: Review of quantitative finance and accounting 33 (2009) 4, pp. 347-369
Persistent link: https://www.econbiz.de/10003927253
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The effect of target-firm accounting quality on valuation in acquisitions
McNichols, Maureen; Stubben, Stephen R. - 2012 - Last rev.: January 13, 2012
We examine whether acquisitions are more profitable for acquirers when the firms they target disclose higher-quality accounting information. If accounting information reduces uncertainty in the value of the target firm by facilitating a more precise valuation, we predict that managers of the...
Persistent link: https://www.econbiz.de/10009506413
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Bargain Purchase Gains and the Acquisitions of Failed Banks
Dunn, Kimberly - 2011
In December 2007, the FASB revised accounting for business combinations and permitted firms to record a bargain purchase gain within current earnings at the completion of a business combination. Although the FASB contends that the new treatment improves the representational faithfulness of the...
Persistent link: https://www.econbiz.de/10013127771
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Determinants of Purchase Price Allocation Decisions - Accounting for Goodwill In IFRS and US-GAAP Business Combinations
Ott, Christian - 2011
The first convergence project of IASB and FASB created the widely equivalent international and U.S. accounting standards for business combinations IFRS 3 and SFAS 141. The purchase price must be allocated to identifiable assets acquired and liabilities assumed with the residual amount recognized...
Persistent link: https://www.econbiz.de/10013133236
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Acquisition Profitability and Timely Loss Recognition
Francis, Jere R. - 2010
We investigate if timely loss recognition is associated with acquisition-investment decisions. Using a Basu (1997) piece-wise linear regression model, we find that firms with more timely incorporation of economic losses into earnings make more profitable acquisitions, measured by the bidder's...
Persistent link: https://www.econbiz.de/10013136659
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Testing the Pecking Order, Method-of-Payment, Financial Slack, and Misvaluation Hypotheses for Tender Offers : Evidence from Japan
Yosano, Tadanori - 2010
In this paper, we investigated the affect of tender offer transactions in Japan from four perspectives. The first one is in regards to the Pecking Order Theory, and the second one concerns the Method-of-Payment Hypothesis. Both of these first two perspectives are related to manager payment...
Persistent link: https://www.econbiz.de/10013137666
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NOL Poison Pills : Selectica v. Versata
Erickson, Merle - 2010
In late 2008 Selectica's net operating loss poison pill was triggered by Trilogy/Versata. Litigation ensued in Delaware Court of Chancery over the propriety of the poison pill, which Selectica instituted to protect its $167 million of NOLs from the limitations of Internal Revene Code (I.R.C.)...
Persistent link: https://www.econbiz.de/10013140082
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Goodwill Accounting and Takeover Premiums : Pre- and Post-IFRS
Bugeja, Martin - 2012
Prior US research indicates that acquiring firms pay an additional premium in acquisitions (i.e., pooling transactions) in which they do not need to amortise goodwill. The results of these studies however are subject to endogeneity problems as the accounting method choice and takeover premiums...
Persistent link: https://www.econbiz.de/10013113898