haku: @indexterm RATE OF RETURN / yhteensä: 621
viite: 74 / 621
| Tekijä: | Chatterjee, R. Meeks, G. |
| Otsikko: | The financial effects of takeover : accounting rates of return and accounting regulation |
| Lehti: | Journal of Business Finance and Accounting
1996 : JUL, VOL. 23:5&6, p. 851-868 |
| Asiasana: | MERGERS PROFITABILITY ACCOUNTING FINANCIAL PERFORMANCE RATE OF RETURN |
| Kieli: | eng |
| Tiivistelmä: | This paper outlines the contradictions and pitfalls of two literatures on the financial effects of takeover: one based on stock market returns, the other on accounting profitability. Focusing on the latter measure, a simple general model demonstrates the systematic distortions introduced by different accounting treatments of takeover associated with particular regulatory regimes. The new estimates are reported of the effect of takeovers on accounting profitability among a population of UK companies in the period 1977-90. |
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