Earnings Management and Voluntary De-listing: The Case of BOSOs in France (notice n° 454719)
[ vue normale ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01608cam a2200205 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121033118.0 |
| 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 | Martinez, Isabelle |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Earnings Management and Voluntary De-listing: The Case of BOSOs in France |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2011.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 59 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper investigates the accounting behavior of managers who voluntarily delist their companies in the context of a BOSO (the French mechanism of Buyout Offer with Squeeze Out). We postulate the hypothesis of negative earnings management before the delisting in order to minimize the price offered to minority shareholders. A quantitative study is performed using a unique dataset spanning the period 1997-2006. This data set consists of 140 French firms, of which 70 were voluntarily delisted via BOSO and 70 were business-matched control firms. We measure the discretionary accruals and we find a significant earnings management one year before the delisting for the firms which were voluntarily delisted (around -6% of total assets). Conversely, the control sample exhibits no earnings management. The results show more aggressive earnings management when the majority shareholder did not enhance its control just before the delisting. |
| 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 | delisting |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | accruals |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Serve, Stéphanie |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Accounting Auditing Control | Volume 17 | 1 | 2011-04-01 | p. 7-35 | 1262-2788 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-accounting-auditing-control-2011-1-page-7?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-accounting-auditing-control-2011-1-page-7?lang=en&redirect-ssocas=7080</a> |
Pas d'exemplaire disponible.
Réseaux sociaux