The Library
Do acquirers manage earnings prior to a share for share bid?
Tools
Botsari, Antonia and Meeks, Geoffrey (2008) Do acquirers manage earnings prior to a share for share bid? Journal of Business Finance & Accounting, Vol.35 (No.5-6). pp. 633-670. doi:10.1111/j.1468-5957.2008.02091.x ISSN 0306-686X.
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Official URL: http://dx.doi.org/10.1111/j.1468-5957.2008.02091.x
Abstract
Earnings management by acquirers ahead of share for share bids may affect whether a bid succeeds, and hence which management team controls the target's assets, as well as the distribution of gains between target and acquirer shareholders. This paper tests for such earnings management for the UK, the world's second largest takeover market, in the period 1997-2001 when M&A reached record levels and share for share deals came to account for the majority of expenditure. Using a range of approaches originating in Jones' model, the paper finds evidence consistent with earnings management ahead of share-financed bids.
Item Type: | Journal Article | ||||
---|---|---|---|---|---|
Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance |
||||
Divisions: | Faculty of Social Sciences > Warwick Business School > Accounting Faculty of Social Sciences > Warwick Business School |
||||
Library of Congress Subject Headings (LCSH): | Consolidation and merger of corporations, Earnings management, Liabilities (Accounting) | ||||
Journal or Publication Title: | Journal of Business Finance & Accounting | ||||
Publisher: | Wiley-Blackwell Publishing Ltd. | ||||
ISSN: | 0306-686X | ||||
Official Date: | June 2008 | ||||
Dates: |
|
||||
Volume: | Vol.35 | ||||
Number: | No.5-6 | ||||
Number of Pages: | 38 | ||||
Page Range: | pp. 633-670 | ||||
DOI: | 10.1111/j.1468-5957.2008.02091.x | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
Data sourced from Thomson Reuters' Web of Knowledge
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |