haku: @indexterm Mergers / yhteensä: 2376
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| Tekijä: | Louis, H. |
| Otsikko: | Earnings management and the market performance of acquiring firms |
| Lehti: | Journal of Financial Economics
2004 : OCT, VOL. 74:1, p. 121-148 |
| Asiasana: | Finance Market efficiency Mergers |
| Kieli: | eng |
| Tiivistelmä: | 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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