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The Role of Accounting Characteristics in Cross-border Mergers and Acquisitions: Do accounting and auditing add value in transactions?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Velthuizen, Mary E. |
| Copyright Year | 2019 |
| Abstract | This research focusses on the role of accounting characteristics in cross-border M&A transactions. Specifically, tested is if these characteristics influence the M&A quality. The accounting characteristics investigated in this research are accounting similarity, accounting quality, common auditors and having a big 4 auditor. This study uses data from several different sources, including Zephyr, Orbis, Datastream, the World Values Survey and the CEPII database. The main tests focus on, the direct effect of the accounting characteristic and the interaction effect of the accounting characteristics and cultural differences between countries. Thereby, a separate panel of results is included in order to show difference for private versus public targets. After using multiple proxies for these characteristics, only weak evidence in support of the several hypotheses is found. Even some conflicting results are observed. Additional tests are run to check for different measures of M&A quality and cultural differences. After these additional tests and several robustness checks there still isn’t enough evidence to confirm any of the hypotheses. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://thesis.eur.nl/pub/48366/Masterthesis_MichaelavanVelthuizen_414287_final.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
