Acquiring firms’ transparency and their returns around M&amp;A announcements: Evidence from China

Yip, Rita Wing Yue; Young, Danqing; Liu, Beibei; Wang, Zhichen

doi:10.1016/j.intaccaudtax.2022.100487

Cited by 3 publications

(2 citation statements)

References 57 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…study the market reaction to M&A activities under the impact of social responsibility, the results show that M&A deals done by companies with high social responsibility will receive positive reaction, while deals made by companies with weak social responsibility will receive a negative reaction. Agreeing with the above view [ 4 ], evaluate the transparency of information disclosure for M&A deals. The results show that stock prices respond positively to companies with transparent disclosure policies when implementing M&A [ 19 ].…”

Section: Literature Reviewmentioning

confidence: 99%

“…The market will react to these events whether the company makes an M&A, pays a dividend, or buys back treasury shares. In the past, there have been many studies on market reaction or firm performance after M&A implementation [ [2] , [3] , [4] ]. [ 2 ] explore the contrasting responses of domestic and foreign institutional investors to M&A events in light of social responsibility.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Is the market biased in M&A, dividend payment, and share repurchase events?

Quang

2024

Heliyon

View full text Add to dashboard Cite

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Is the market biased in M&A, dividend payment, and share repurchase events?

Quang

2024

Heliyon

View full text Add to dashboard Cite

The role of financial advisorʼs industry expertise in M&A quality: Evidence from goodwill impairment

Huang,

Zhang,

et al. 2024

International Review of Economics & Finance

View full text Add to dashboard Cite

Corporate Cash Holdings and Investment Efficiency: Do Women Directors and Financial Crisis Matter?

Ardianto,

Sulaiman

2024

JRFM

View full text Add to dashboard Cite

This study investigates the relationship between corporate cash holdings and investment efficiency, with a focus on how COVID-19 and the presence of women directors may influence this relationship. Using data from Indonesian public companies during the COVID-19 period, comprising 2350 firm-year observations, we employ fixed-effect regression models with industry and year controls to test our hypotheses. Robustness and endogeneity tests are conducted to ensure the reliability of our findings. Our research reveals that companies with larger cash reserves tend to experience decreased investment efficiency during the COVID-19 crisis. Moreover, the negative impact of substantial cash reserves on investment efficiency is exacerbated by the presence of female directors on the board. However, our findings also suggest that female directors can mitigate the adverse effects of excessive cash reserves on a company’s investment efficiency, particularly during unforeseen economic challenges such as the pandemic.

show abstract

Acquiring firms’ transparency and their returns around M&A announcements: Evidence from China

Cited by 3 publications

References 57 publications

Is the market biased in M&A, dividend payment, and share repurchase events?

Is the market biased in M&A, dividend payment, and share repurchase events?

The role of financial advisorʼs industry expertise in M&A quality: Evidence from goodwill impairment

Corporate Cash Holdings and Investment Efficiency: Do Women Directors and Financial Crisis Matter?

Contact Info

Product

Resources

About