Earnings management of target firms and deal premiums: The role of industry relatedness
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Otros documentos de la autoría: Perafán-Peña, Héctor Fabio; GILL DE ALBORNOZ NOGUER, BELEN; GIner, Begoña
Metadatos
Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
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INVESTIGACIONMetadatos
Título
Earnings management of target firms and deal premiums: The role of industry relatednessFecha de publicación
2022-03Editor
ElsevierISSN
0890-8389; 1095-8347Cita bibliográfica
Perafán-Peña, H. F., Gill-de-Albornoz, B., & Giner, B. (2022). Earnings management of target firms and deal premiums: The role of industry relatedness. The British Accounting Review, 54(2), 101038. https://doi.org/10.1016/j.bar.2021.101038Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.sciencedirect.com/science/article/pii/S0890838921000640Versión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
This paper contributes to the merger and acquisitions (M&A) literature by providing evidence for the role of industry relatedness in the association between target firms' earnings management (EM) before the deal and ... [+]
This paper contributes to the merger and acquisitions (M&A) literature by providing evidence for the role of industry relatedness in the association between target firms' earnings management (EM) before the deal and the premium offered by the acquirer. We argue that familiarity with the industry's policies and practices is a crucial factor that helps acquirers to see through targets' EM. Our evidence supports this prediction in relation to accounting manipulation as we observe that the income increasing accrual manipulation of the target results in significantly higher premiums offered by acquirers in interindustry deals, which is not the case when targets and acquirers belong to the same industry. [-]
Publicado en
The British Accounting Review, 2022, vol. 54, no 2Entidad financiadora
Fundación Carolina | Ministerio de Ciencia, Innovación y Universidades | Universitat Jaume I
Identificador de la entidad financiadora
http://dx.doi.org/10.13039/501100011033
Código del proyecto o subvención
C.2017 | MICIU/ICTI2017-2020/PID2019-111143GB-C33 | UJI-B2020-26
Título del proyecto o subvención
Multifaceted accounting: From keeping a healthy financial system to esg reporting
Derechos de acceso
Copyright © British Accounting Association. Published by Elsevier Ltd. All rights reserved.
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
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