Stock-for-stock mergers : earnings management and the pooling-purchase choice. Do investors care?
Ang, Teresa Siow Yen
Cheam, Tze Hui
Lee, Sin Wei
Date of Issue2002
College of Business (Nanyang Business School)
We investigate whether there is a relationship between the level of aggression of an acquiring firm in managing earnings prior to the completion of a stock-for-stock merger and its choice of accounting method for the merger. Market reaction to the combination of earnings management and accounting method choice is also investigated.
Final Year Project (FYP)
Nanyang Technological University