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Purpose: The purpose of this paper is to examine whether acquiring firms attempt to adopt real earnings management strategy to upward reported earnings in the period of M&A announcement and provide ...
Purpose – The purpose of this paper is to investigate the link between ownership structure, earnings management (EM) preceding mergers and acquisitions (M&A) and the acquiring firm's subsequent long ...
the acquirers ’ recognition of goodwill impairment; earnings impairment. Based on a sample of A-share-listed firms during management ; stock price 2008–2016, we document the following evidence. First, both ...
markets , and what the consequences are for the acquiring firms ' performance . Based on a game‐theoretic model, it shows how the impact of strategic factor markets on economic profits is influenced by product ...
The direct nexus between board characteristics, earnings management (EM) practices and dividend payout is examined in this study, followed by an examination of the indirect mediation impact of EM ...
The purpose of this study is to look at the direct relationship between audit quality, earnings management (EM) practices and company performance , as well as the indirect influence (mediation) of EM ...
by the findings of recent research into the long run performance of acquiring firms (for a summary see Agrawal and Jaffe, 2000 ). These results pose a major question for both finance and management researchers: why ...
One possible explanation for bidding firms earning positive abnormal returns in diversifying acquisitions in the 1960s is that internal capital markets were expected to overcome the information ...
the offer are not uncommon. Alternatively, acquiring ‐ firm shareholders earn very little, if any, abnormal returns, implying a competitive market for corporate control where most of the benefits accrue ...
of retained earnings and the type of investment, they may be less susceptible to hubris and/or agency issues. IntroductionThe postmerger performance of firms has long been the subject of academic debate. Manne ...
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