LES DETERMINANTS DE LA GESTION DES RESULTATS LORS DES FUSIONS: ETUDE DES SOCIETES ABSORBANTES INITIATRICES ET CIBLES

Jennifer Boutant
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Jennifer Boutant: IAE - Institut d'Administration des Entreprises - Toulouse

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Abstract: Abstract: this study aims to identify earnings management determinants of acquiring firms prior to French mergers. Especially, it provides evidence of the contextual factors' crucial influence on managers' discretionary accounting choices, beyond contractual and governance factors generally assumed by the literature. Moreover, it reveals accounting behaviours that substantially differ according to the deal initiative. Finally, by highlighting the potential combination of manipulation instruments to influence the exchange ratio, this study contributes to shed new light on managers' accounting strategies prior to mergers and acquisitions.

Keywords: earnings management; exchange ratio; contextual determinants; statutory mergers.; gestion des résultats; accruals; parité; déterminants contextuels; fusions-absorptions (search for similar items in EconPapers)
Date: 2010-05-10
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Published in Crises et nouvelles problématiques de la Valeur, May 2010, Nice, France. pp.CD-ROM

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