Dissertation > Excellent graduate degree dissertation topics show

M & a payment of earnings management and M & a performance way,

Author: XingPeng
Tutor: YuNuTao
School: Yunnan University of Finance
Course: Accounting
Keywords: M&A The Payment Methods of M&A Earnings Management M&A Performance
CLC: F275
Type: Master's thesis
Year: 2013
Downloads: 56
Quote: 0
Read: Download Dissertation

Abstract


With the continuous development of China’s capital market, earnings is gettingmore and more attentions by the masses. From many financial fraud cases in othercountries, it is easy to find that there is the motive for earnings management and evenillegal fraud in the interest driven by the management. Because the earningsmanagement may lead to serious economic consequences, academia has done researchon earnings management from different aspects, including specific events in the IPO,seasonal issuance of shares, affiliated transactions, etc. As the eternal topic in thecapital market, M&A always attracts people’s attention. Research on M&A, M&Aperformance and other aspects has been a hot issue in the field, but few concern theearnings management of enterprise in M&A. The payment methods is an importantpart of M&A. Different selections of payment methods affect not only the acquisitionof two financial arrangements and the balance of power in corporate control, but alsothe motive and means of M&A differs from different methods of payments, which willaffect the performance of the company after the merger. Can Chinese investors see theearnings management in M&A? Can the performance of M&A change because ofearnings management before the M&A? With the diversification of China’s payment,what are the differences between the earnings management behavior of mergers andacquisitions in the different payment methods？Companies have earnings management behavior in M&A. Because of differentmotives of earnings management, they will choose different methods of payment formergers and acquisitions. The merger is single before the2006in China, there is noearnings management research includes the convertible way. Along with thedevelopment of the payment way of China’s M&A transactions, this paper hopes toresearch the behavior of earnings management research in M&A. In this paper, thereare three main distinctions, including cash payment, stock payment and other payment.In this paper, we use the listing corporation data in year2008-2011and discretionaryaccruals as a proxy for earnings management, characteristics of earnings management behavior of different payment modes and the performance of M&A. The study foundthat listing corporations prefer positive earnings management in the year before the M&A, earnings management behavior has a significant negative effect on theperformance of M&A. Share payment under this phenomenon is more obvious, perfectcorporate governance can effectively restrain the negative effects of earningsmanagement. Investors should pay attention to this fact, the regulatory shouldstrengthen supervision on M&A, improve the relevant system of governance structure,manage the capital market and guide investors.

Related Dissertations

  1. Partical Combination of Fine Powder Effect on Performance of Cement and Concrete,TU528.041
  2. Experimental Research on the Influence of Hollow Cathode to a Hall Thruster,V439.2
  3. Hardware Implementation of LEO Satellite Channel Characteristic Emulation,TN927.23
  4. Development of Pxibus High Performance Digital I/O Module,TP274
  5. The Research on the Performance Results Application of Zhaoqing Power Supply Bureau,F272.92
  6. A Correlational Study of Anxiety in English Classroom Writing and Writing Performance of Middle School Students in Guangzhou,G633.41
  7. AI Institute of pay system design and research,G647.5
  8. High Pressure Common Rail Diesel Engine Fueled with Biodiesel test under different atmospheric pressure,TE667
  9. Study on Nutritional Regulation and Environmental Modification Technology and Behavior of Heat-stressed Beef Cattle,S823
  10. Effects of 2-Hydroxy-4-Methionine Isopropyl on Rumen Fermentation and Production Performance of Holstein Cows,S823.8
  11. Effects of Low-protein Diet on Production Performance and Feeding Environment of Piglet,S828.5
  12. The Study on Grass-roots Civil Servants Working Stress and Job Performance from the Perspective of Service-oriented Government,D630.3
  13. Research on Effect Relationship of the Innovation Resources Environment, Technological Innovation Capability and the Innovation Performance,F273.1
  14. Research on the Impact of Debt Financing Structure Upon Corporate Performance on Listed Pharmaceutical Company,F275
  15. Study on Synthesis and Physiological Function of N-carbamoyl-glutamate,R914
  16. Analysing Sequence Characters of ADSL and PurH Gene and Correlation between Genes Expression and IMP Content in Duck,S834
  17. The Correlation Analysis between Bulls HSP Gene Polymorphism and Semen Quality and Progeny Performance,S823
  18. The Effect of Vitamin E and Vitamin C on Growth Performance, Non-specific Immune Response for Cobia, Rachycentron Canadum,S963.1
  19. Effects of Dietary Oil Sources on Growth Perfomance, Lipid Deposition and Blood Biochemical Index of Carassius Auratus Gibelio,S963.1
  20. A Research on Mechanism of Civil Servant Performance Assessment in China,D630.3
  21. The Study of the Performance Evaluation about the Primary Teacher in the U.S.A.,G637

CLC: > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management
© 2012 www.DissertationTopic.Net  Mobile