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http://hdl.handle.net/1783.1/3665
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| Title: | The effect of missing earnings forecasts on the choice of accounting for business combinations |
| Authors: | Dai, Xiaoyan |
| Issue Date: | 2000 |
| Abstract: | Anecdotal and experimental evidence suggests that managers may prefer pooling of interests to purchase accounting because of their concern for missing analysts?earnings forecasts. I attempt to find empirical evidence for this concern, and hypothesize that, ceteris paribus, the more quarters the acquiring firm's actual earnings fall below analysts?forecasts prior to a merger announcement, the more likely it chooses the pooling of interests method. I test this hypothesis using a sample of 84 transactions that choose pooling of interests accounting and 74 transactions that choose purchase accounting from 1994 through 1995. Inconsistent with my hypothesis, I find no association between managers?merger accounting choices and the number of quarters with negative analyst forecast error before merger announcements. |
| Description: | Thesis (M.Phil.)--Hong Kong University of Science and Technology, 2000
41 leaves ; 30 cm
HKUST Call Number: Thesis ACCT 2000 Dai |
| URI: | http://hdl.handle.net/1783.1/3665 |
| Appears in Collections: | ACCT Master Theses
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