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典型文献
CEO Age,Earnings Management and Mergers&Acquisitions Evidence from China
文献摘要:
This paper explores the relationship between CEO age in target firms,earnings manage-ment,mergers and acquisitions decision-making,and performance by using a sample of Chinese firms from 2008 to 2017.We found that CEO age is negatively correlated with M&A decision-making and target firms engage in a higher degree accrual-based earnings management(AEM)than non-target firms.In addition,target firms with young CEOs exhibit a greater extent of AEM in the pre-M&A period.We also found that the relationship between CEO age and M&A performance is inverted U-shaped.AEM of pre-M&A is negatively correlated with M&A performance,indicating that M&A performance is affected by AEM of pre-M&A.
文献关键词:
作者姓名:
Xinmiao FANG;Jingxuan ZUO;Yilin GAO;Yan YU
作者机构:
University of Chinese Academy of Sciences,Beijing 101408,China;Guangdong University of Foreign Studies,Guangzhou 510420,China;National University of Singapore,Singapore 119245,Singapore
引用格式:
[1]Xinmiao FANG;Jingxuan ZUO;Yilin GAO;Yan YU-.CEO Age,Earnings Management and Mergers&Acquisitions Evidence from China)[J].系统科学与信息学报(英文版),2022(06):554-574
A类:
Earnings,Acquisitions
B类:
Age,Management,Mergers,Evidence,from,China,This,paper,explores,relationship,between,target,firms,earnings,mergers,acquisitions,decision,making,performance,by,using,sample,Chinese,We,found,that,negatively,correlated,engage,higher,degree,accrual,management,AEM,than,In,addition,young,CEOs,exhibit,greater,extent,pre,period,also,inverted,shaped,indicating,affected
AB值:
0.488032
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