Targets' earnings management and ownership decisions in M&A: Can less be more ?

被引：3

作者：

Perafan-Pena, Hector Fabio ^{[1
]}

Noguer, Belen Gill-de-Albornoz ^{[2
,3
]}

Giner, Begona ^{[4
]}

机构：

[1] Univ Externado Colombia, Calle 12,1-17 Este, Bogota 111711, Colombia

[2] Univ Jaume 1, Campus Riu Sec,Ed Ampliac Biblioteca, Castellon de La Plana 12071, Spain

[3] Inst Econ Int, Campus Riu Sec,Ed Ampliac Biblioteca, Castellon de La Plana 12071, Spain

[4] Univ Valencia, Inst Econ Int, Avinguda Dels Tarongers, Valencia 46071, Spain

来源：

FINANCE RESEARCH LETTERS | 2024年 / 62卷

关键词：

Mergers and acquisitions; Earnings management; Ownership decisions; CROSS-BORDER MERGERS; MINORITY ACQUISITIONS; TOEHOLDS; DETERMINANTS; PERFORMANCE; QUALITY; INFORMATION; CHOICES; REAL;

D O I：

10.1016/j.frl.2024.105133

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

In a sample of 1,097 European merger and acquisitions (M&A) deals, we find that the targets exhibiting higher levels of accruals earnings management (AEM) relate to lower ownership stakes offered by acquirers. Real earnings management (REM) measures do not relate to ownership decisions. This research contributes to broadening our knowledge about accounting information's role in the intricacies of M&A negotiations.

引用

页数：8

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