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dc.contributor.authorDuong, Lien
dc.contributor.authorTruong, Thu Phuong
dc.date.accessioned2021-08-19T06:24:50Z
dc.date.available2021-08-19T06:24:50Z
dc.date.issued2021
dc.identifier.citationDuong, T.H.L. and Truong, T.P. 2021. The Role of Target’s Financial Statement Comparability in the Efficiency of Takeover Decisions. Accounting & Finance. Forthcoming.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/85091
dc.identifier.doi10.1111/acfi.12774
dc.description.abstract

We investigate whether acquiring firms make more profitable acquisitions when target firms’ financial statements are more comparable with their industry peers. We replicate the original sample of Chen et al. (2018) and extend their sample to the most recent year. We find that acquiring firms experience higher announcement returns, higher acquisition synergies and better post-acquisition operating performance when acquiring targets with higher financial statement comparability. Our results are robust to the newly constructed measure of financial statement comparability, suggesting that comparable accounting information indeed facilitates the efficiency of capital allocation.

dc.languageEnglish
dc.publisherWiley-Blackwell
dc.subject1501 - Accounting, Auditing and Accountability
dc.titleThe Role of Target’s Financial Statement Comparability in the Efficiency of Takeover Decisions
dc.typeJournal Article
dcterms.source.volumeForthcoming
dcterms.source.issn0810-5391
dcterms.source.titleAccounting & Finance
dc.date.updated2021-08-19T06:24:49Z
curtin.departmentSchool of Accounting, Economics and Finance
curtin.accessStatusFulltext not available
curtin.facultyFaculty of Business and Law
curtin.contributor.orcidDuong, Lien [0000-0003-0308-2200]
curtin.contributor.researcheridDuong, Lien [M-7254-2017]
dcterms.source.eissn1467-629X
curtin.contributor.scopusauthoridDuong, Lien [55347126200]
dc.date.embargoEnd2023-03-11


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