کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1006698 938331 2009 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The impact of SFAS No. 141 on earnings predictability of merging firms: Evidence from the initial year of implementation
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
The impact of SFAS No. 141 on earnings predictability of merging firms: Evidence from the initial year of implementation
چکیده انگلیسی

This study examines the impact of SFAS 141 on earnings predictability of merging firms. I expect a relative improvement in analysts’ earnings forecast accuracy for merging firms versus non-merging peers after SFAS 141 adoption. I restrict the post-SFAS 141 sample to the initial year of SFAS 141 implementation. This research design disentangles effects of SFAS No. 141 from those of SFAS No. 142. The evidence from analysis of 48 pairs of merging and matched non-merging firms is consistent with expectations and confirms the increase in earnings predictability for merging firms versus their non-merging peers post-SFAS 141. Results of additional tests suggest that earnings predictability improvement more likely follows from extended disclosure requirements and the other changes in the Purchase Method (“better purchase” issue) than from the elimination of Poolings-of-Interest (“purchase vs. pooling” issue).

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Research in Accounting Regulation - Volume 21, Issue 2, October 2009, Pages 89–99
نویسندگان
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