Publication
The accounting choice issue and the M&A activity
| dc.contributor.author | Ribeiro, Humberto | |
| dc.date.accessioned | 2013-04-02T14:36:24Z | |
| dc.date.available | 2013-04-02T14:36:24Z | |
| dc.date.issued | 2008 | |
| dc.description | EFM classification: 710, 160, 200 | por |
| dc.description.abstract | This study addresses the issue of the accounting choice as a possible determinant of mergers & acquisitions (M&A) activity. The accounting choice has value implications, and managerial discretion can be used to meet financial reporting objectives (see e.g. Watts & Zimmerman, 1990). On the other hand, despite the existence of a wide empirical and theoretical research, the literature still lacks a convincing overall theory concerning M&A occurrence. Nevertheless, the overall evidence suggests that some macroeconomic variables are associated with the timing of M&A. This paper studies whether accounting choice developments can affect M&A activity together with macroeconomic, time, and several M&A endogenous variables. The findings show a significant positive relationship between M&A activity and stock market prices, and also several significant associations between M&A and other endogenous and exogenous explanatory variables, but no relationship between accounting choice and M&A activity. | por |
| dc.identifier.citation | Ribeiro, Humberto (2008). The accounting choice issue and the M&A activity. In 17th European Financial Management Association Annual Meeting. Athens, Greece | por |
| dc.identifier.uri | http://hdl.handle.net/10198/8315 | |
| dc.language.iso | eng | por |
| dc.subject | Time series | por |
| dc.subject | M&A determinants | por |
| dc.title | The accounting choice issue and the M&A activity | por |
| dc.type | conference object | |
| dspace.entity.type | Publication | |
| oaire.citation.conferencePlace | Athens, Greece | por |
| oaire.citation.title | 17th European Financial Management Association Annual Meeting | por |
| rcaap.rights | openAccess | por |
| rcaap.type | conferenceObject | por |