Accounting Strategy of Managers and Exchange Parity: The Case of French Mergers (notice n° 454288)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01441cam a2200229 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121032759.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Djama, Constant |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Accounting Strategy of Managers and Exchange Parity: The Case of French Mergers |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2006.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 35 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Using the example of French mergers, this paper investigates the effect of managers- accounting discretion on the stock-for-stock exchange ratio. Our results indicate that acquiring firms manage earnings upward in the year prior to the deal in order to reduce the number of shares to issue. Acquiring firms- unexpected accruals average 6.7% of total assets. Moreover, results suggest that earnings management is related to the level of participation in the acquiring firm held by the managers and/or their family, by the dilution of shares post-merger, by the use of accounting evaluation methods that best predict the final exchange ratio, by the auditors- reputation, and by the firm performance. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | earnings management |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | exchange ratio |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | french mergers |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | accruals |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | wealth transfer |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Boutant, Jennifer |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Accounting Auditing Control | Volume 12 | 2 | 2006-09-01 | p. 191-217 | 1262-2788 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-accounting-auditing-control-2006-2-page-191?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-accounting-auditing-control-2006-2-page-191?lang=en&redirect-ssocas=7080</a> |
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