Targets’ earnings management and ownership decisions in M&A: Can less be more ?
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Show full item recordcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
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INVESTIGACIONMetadata
Title
Targets’ earnings management and ownership decisions in M&A: Can less be more ?Date
2024Publisher
ElsevierISSN
1544-6123Bibliographic citation
PERAFÁN-PEÑA, Héctor Fabio; GILL-DE-ALBORNOZ NOGUER, Belén; GINER, Begoña. TARGETS’EARNINGS MANAGEMENT AND OWNERSHIP DECISIONS IN M&A: CAN LESS BE MORE?. Finance Research Letters, 2024, 105133.Type
info:eu-repo/semantics/articleVersion
info:eu-repo/semantics/publishedVersionAbstract
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 ... [+]
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. [-]
Is part of
Finance Research Letters, 2024, 105133Funder Name
Universitat Jaume I | Agencia Estatal de Investigación
Project code
UJI-B2020-26. | PID2019-111143GB-C33
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info:eu-repo/semantics/openAccess
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- COFIN_Articles [218]