An empirical analysis of corporate takeover defences and earnings management: Evidence from the US

Applied Financial Economics

Volumn 15, Issue 5, 2005, Pages 293-303

  Jiraporn, Pornsit ^a  

^a TEXAS A AND M INTERNATIONAL UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CORPORATE STRATEGY; FIRM SIZE; MANAGEMENT; MERGER; PROFITABILITY;

NORTH AMERICA; UNITED STATES; WESTERN HEMISPHERE; WORLD;

EID: 15744382036     PISSN: 09603107     EISSN: None     Source Type: Journal    
DOI: 10.1080/0960310042000323607     Document Type: Article

References (25)

1. Bartov, E., Gul, F. A. and Tsui, J. S. L. (2001) Discretionary-accruals models and audit qualifications, Journal of Accounting and Economics 30, 421-52.
2. Bhagat, S. and Jefferis, R. H. (1991) Voting power in the proxy process: the case of anti-takeover amendments, Journal of Financial Economics 30, 193-225.
3. Borokhovich, K. A., Brunarski, K. R. and Parrino, R. (1997) CEO contracting and antitakeover amendments, Journal of Finance, 52 1495-517.
4. Daines, R. and Klausner, M. (2001) Do IPO charters maximize firm value?: anti-takeover protection in IPOs, Journal of Law, Economics, and Organization, XVII, 83-120.
5. Davidson, W. N., Jiraporn, P., Kim, Y. S. and Nemac, C. (2004) Earnings management following duality-creating successions: ethnostatistics, impression management and agency theory, Academy of Management Journal, 47(2), 267-75.
6. DeAngelo, H., and Rice, E. M. (1983) Antitakeover charter amendments and shareholder wealth, Journal of Financial Economics, 11, 329-60.
7. Dechow, P. M., Sloan, R. G. and Sweeney, A. P. (1995) Detecting earnings management, Journal of Accounting Research, 34, 193-226.
8. Gompers, P., Ishii, J. and Metrick, A. (2003) Corporate governance and equity prices, Quarterly Journal of Economics, 118, 107-55.
9. Guay, W. R., Kothari, S. P. and Watts, R. (1996) A market based evaluation of discretionary accruals models, Journal of Accounting Research, 34, 83-105.
10. Jarrell, G. A. and Poulsen, A. B. (1987) Shark repellents and stock prices: the effects of anti-takeover amendments since 1980, Journal of Financial Economics, 19, 127-68.
11. Jiraporn, P., Kim, Y. S. and Mathur, I. (2004) Does corporate diversification exacerbate or mitigate earnings management: an empirical analysis, Working paper, Texas A&M International University.
12. Jones, J. J. (1991) Earnings management during import relief investigations, Journal of Accounting Research, 29, 193-228.
13. Klein, A. (2002) Audit committee, board of director characteristics, and earnings management, Journal of Accounting and Economics, 33 375-400.
14. Lev, B. (1989) On the usefulness of earnings and earnings research, Journal of Accounting Research, 27, 153-92.
15. Linn, S. C. and McConnell, J. J. (1983) An empirical investigation of the impact of 'anti-takeover' amendments on common stock prices, Journal of Financial Economics, 11, 361-99.
16. McWilliams, V. B. (1990) Managerial share ownership and the stock price effects of anti-takeover amendment proposals, Journal of Finance, 45, 1627-40.
17. Perry, S. E. and Williams, T. H. (1994) Earnings management preceeding management buyout offers, Journal of Accounting and Economics, 18, 157-79.
18. Pound, J. (1987) The effects of antitakeover amendments on takeover activity: some direct evidence, Journal of Law and Economics, 30, 353-67.
19. Rosenbaum, V. (1993, 1995, 1998) Corporate Takeover Defenses, Investor Responsibility Research Center Inc., Washington DC.
20. Shum, C. M., Davidson, III, W. N. and Glascock, J. L. (1995) Voting rights and market reaction to dual class common stock issues, The Financial Review, February, 275-87.
21. Teoh, S. H., Welch, I. and Wong, T. J. (1998a) Earnings management and the long-run market performance of initial public offerings, Journal of Finance, 53, 1935-75.
22. Teoh, S. H., Welch, I. and Wong, T. J. (1998b) Earnings management and the long-run market performance of seasoned equity offerings, Journal of Financial Economics, 50, 63-90.
23. Warfield, T. D., Wild, J. J. and Wild, K. L. (1995) Managerial ownership, accounting choices and information of earnings, Journal of Accounting and Economics, 20, 61-92.
24. Wu, Y. W. (1997) Management buyouts and earnings management, Journal of Accounting, Auditing and Finance, 12, 373-89.
25. Xie, B., Davidson, W. N. and DaDalt, P. (2003) Earnings management and corporate governance: the role of board and the audit committee, Journal of Corporate Finance, 9, 295-316.