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We examine the relation between corporate governance and firms' information environments. We use the passage of state antitakeover laws in the U.S. as a source of exogenous variation in an important governance mechanism to identify changes in firms' information environments. We find that...
Persistent link: https://www.econbiz.de/10013133841
Author examines the situation while the parent company controls the subsidiary and the subsidiary possess the sharing at the parent company equity. A formula for effective holding is derived and proofed for a parent-subsidiary simplified structure. A short overview of the audit consequences is...
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This paper examined the relationship between earnings management and performance of acquiring firms in Malaysia during period of 2004-2010. Earnings management measured by discretionary accruals derived from modified Jones model and firm's performance estimated by monthly Cumulative Abnormal...
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This study examined whether external users of financial statements are capable of assessing goodwill impairment apart from management. This study aimed at investigating goodwill write-offs resulted from acquisitions among Jordanian shareholding companies in Amman Stock Exchange (ASE) during...
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We examine the implications of enhanced managerial control afforded by state anti-takeover laws for tax avoidance and … find the strength of anti-takeover statutes in a state is negatively related to tax avoidance of firms incorporated in that … the quiet life hypothesis (i.e., managers entrenched by state anti-takeover protection enjoy the quiet life by under …
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