Discussion of (dis)aggregated earnings guidance and acquisition financing

Joseph H. Zhang

Asian Review of Accounting, 2020, vol. 28, issue 2, 141-146

Abstract: Purpose - The author discusses the paper by Ordyna (2020) and suggests a few areas for improvement. First, the author could think more about the financing scheme of the acquisition including hybrid debt securities. Second, the author could consider forecast reputation, the timing and frequency of earnings guidance. Third, the author may consider the difference-in-differences research design and identification strategy. Other model designs, robustness checks and alternative measures of key variables are discussed.

Keywords: Earnings guidance; Disaggregated forecasts; Mergers and acquisitions (M&A); Financing choice (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eme:arapps:ara-10-2019-0186

DOI: 10.1108/ARA-10-2019-0186

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