haku: @indexterm Accounting standards / yhteensä: 876
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| Tekijä: | Weber, J.P. |
| Otsikko: | Shareholder wealth effects of pooling-of-interests accounting: evidence from the SEC's restriction on share repurchases following pooling transactions |
| Lehti: | Journal of Accounting & Economics
2004 : FEB, VOL. 37:1, p. 39-57 |
| Asiasana: | Accounting standards Capital markets Securities Earnings Regulations Shareholders Wealth USA |
| Kieli: | eng |
| Tiivistelmä: | This paper examines the shareholders' perceptions of the costs and benefits associated with the use of pooling-of-interests (hereafter as: p-of-i). The paper's focus is on the market's reaction to the SEC's adoption of SAB 96. This regulation forced firms to choose btw. using p-of-i. and maintaining their share repurchase programs. Overall, the results suggest shareholders perceive their to be a net cost when managers choose to use p-of-i. These findings should be of particular interest to regulators, practitioners and researchers. |
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