Acquisition-related provision-taking and post-acquisition performance in the UK prior to FRS 7

Journal of Business Finance and Accounting

Volumn 27, Issue 9-10, 2000, Pages 1233-1265

  Brown, Stephen ^a   Finn, Mark ^b   Hope, Ole Kristian ^b,c  

^a EMORY UNIVERSITY   (United States)

^b NORTHWESTERN UNIVERSITY   (United States)

^c NORWEGIAN SCHOOL OF ECONOMICS   (Norway)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33750194859     PISSN: 0306686X     EISSN: 14685957     Source Type: Journal    
DOI: 10.1111/1468-5957.00354     Document Type: Conference Paper

References (24)

1. Ayers, B., C. Lefanowicz and J. Robinson (1998), 'Do Firms Purchase the Pooling Method?' Working Paper (The University of Georgia, Michigan State University and The University of Texas at Austin).
2. Barth, M. and G. Clinch (1996), 'International Accounting Differences and their Relation to Share Prices: Evidence from UK, Australian, and Canadian Firms', Contemporary Accounting Research, Vol. 13, pp. 135-70.
3. Capstaff, J., K. Paudyal and W. Rees (1995), 'The Accuracy and Rationality of Earnings Forecasts by UK Analysts', Journal of Business Finance & Accounting, Vol. 22, No. 1 (January), pp. 69-87.
4. Chatterjee, R. and G. Meeks (1996), 'The Financial Effects of Takeover: Accounting Rates of Return and Accounting Regulation', Journal of Business Finance & Accounting, Vol. 23, Nos 5 & 6 (July), pp. 851-68.
5. Cook, R. D. (1979), 'Influential Observations in Linear Regression', Journal of the American Statistical Association, Vol. 74, pp. 69-74.
6. Fama, E. and K. French (1992), 'The Cross-section of Expected Stock Returns', Journal of Finance, Vol. 47, pp. 427-65.
7. Gore, P., F. M. Taib and P.A. Taylor (1998), 'Accounting for Goodwill: What Factors Influence Management Preferences?' Working Paper (Lancaster University and University Sains Malaysia).
8. Gregory, A. (1997), 'An Examination of the Long Run Performance of UK Acquiring Firms', Journal of Business Finance & Accounting, Vol. 24, Nos 7 & 8 (September), pp. 971-1002.
9. - (2000), 'Motives Underlying the Method of Payment by UK Acquirers: The Influence of Goodwill', Accounting and Business Research, Vol. 30, pp. 227-40.
10. Grinyer, J., A. Russel and D. Collison (1998), 'Evidence on Managerial Short-termism in the UK', British Journal of Management, Vol. 9, pp. 13-22.
11. - and M. Walker (1991), 'Managerial Choices in the Valuation of Acquired Goodwill in the UK', Accounting and Business Research, Vol. 22, pp. 51-55.
12. Higson, C. (1998), 'Goodwill', British Accounting Review, Vol. 30, pp. 141-58.
13. Joos, P. and M. Lang (1994), 'The Effects of Accounting Diversity: Evidence from the European Union', Journal of Accounting Research, Vol. 32, pp. 141-68.
14. Kothari, S. P. and J. Warner (1997), 'Measuring Long-horizon Security Price Performance', Journal of Financial Economics, Vol. 43, pp. 301-39.
15. Loughran, T. and A. Vijh (1997), 'Do Long-term Shareholders Benefit from Corporate Acquisitions', Journal of Finance, Vol. 52, pp. 1765-90.
16. Lys, T. and L. Vincent (1995), 'An Analysis of Value Destruction in AT&T's Acquisition of NCR', Journal of Financial Economics, Vol. 39, pp. 353-78.
17. Miles, S. and C. Nobes (1998), 'The Use of Foreign Accounting Data in UK Financial Institutions', Journal of Business Finance & Accounting, Vol. 25, Nos 3 & 4 (April/May), pp. 309-28.
18. Muller, K. A. III (1998), 'An Examination of the Voluntary Recognition of Acquired Brand Names in the United Kingdom', Journal of Accounting and Economics, Vol. 26, pp. 179-91.
19. Myers, S. and N. Majluf (1984), 'Corporate Financing and Investment Decisions when Firms have Information that Investors do not have', Journal of Financial Economics, Vol. 13, pp. 187-221.
20. Pierce-Brown, R. and T. Steele (1999), 'The Economics of Accounting for Growth', Accounting and Business Research, Vol. 29, pp. 157-73.
21. Sloan, R. (1996), 'Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings?' The Accounting Review, Vol. 71, pp. 289-315.
22. Smith, T. (1996), Accounting for Growth: Stripping the Camouflage from Company Accounts (London: Random House).
23. Tweedie, D. (1993), 'The Accounting Profession and Financial Reporting: Why Should Anyone Believe Us?' Research in Accounting Regulation, Vol. 7, pp. 161-82.
24. White, H. (1980), 'A Heteroskedasticity-consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity', Econometrica, Vol. 48, pp. 817-38.