dc.contributor.advisor | Μπότσαρη, Αντωνία | |
dc.contributor.author | Katsigianni, Vasiliki | |
dc.contributor.author | Κατσιγιάννη, Βασιλική | el |
dc.date.accessioned | 2018-01-16T08:40:44Z | |
dc.date.available | 2018-01-16T08:40:44Z | |
dc.date.issued | 2017-01 | |
dc.identifier.uri | https://dione.lib.unipi.gr/xmlui/handle/unipi/10571 | |
dc.format.extent | 85 | el |
dc.language.iso | en | el |
dc.publisher | Πανεπιστήμιο Πειραιώς | el |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | * |
dc.title | Earnings management by firms involved in mergers and acquisitions | el |
dc.type | Master Thesis | el |
dc.contributor.department | Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής Διοικητικής | el |
dc.description.abstractEN | The objective of this study is to investigate whether publicly traded acquiring firms
engage in earnings manipulation prior to stock financed merger and acquisition deals.
I examine a sample of 52 stock for stock mergers and acquisitions by German, French
and United kingdom publicly-listed acquiring firms completed between 2005 and
2015. Earnings management is measured by discretionary total and working capital
accruals obtained from the cash flow statement on the basis of the standard Jones
Model (1991). The results indicate that German, French and UK-listed acquiring
firms manipulate earnings upward in the year prior to the merger announcement.
Further analysis indicates that the degree of earnings manipulation through
discretionary accruals is positively related to the acquirers’ performance in the year
prior to the announcement of the deal. | el |
dc.contributor.master | Χρηματοοικονομική και Τραπεζική με κατεύθυνση στην Χρηματοοικονομική και Τραπεζική Διοικητική | el |
dc.subject.keyword | Mergers and acquisitions | el |
dc.subject.keyword | Earnings management | el |
dc.subject.keyword | Jones model | el |
dc.subject.keyword | Accruals | el |