search query: @author Louis, H. / total: 6
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| Author: | Louis, H. |
| Title: | Earnings management and the market performance of acquiring firms |
| Journal: | Journal of Financial Economics
2004 : OCT, VOL. 74:1, p. 121-148 |
| Index terms: | Finance Market efficiency Mergers |
| Language: | eng |
| Abstract: | This article studies the markets efficiency to provide an explanation for the post-merger underperformance anomaly. The findings suggest that acquiring companies overstate their earnings in the quarter preceding a stock swap announcement. |
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