IDEAS home Printed from https://ideas.repec.org/a/cai/accafc/cca_122_0191.html
   My bibliography  Save this article

Stratégie comptable des dirigeants et parité d'échange : le cas des fusions françaises

Author

Listed:
  • Constant Djama
  • Jennifer Boutant

Abstract

This paper investigates, in French mergers, the effect of managers? accounting discretion on stock for stock exchange ratio. Our results indicate that acquiring firms manage earnings upward in the year prior to the deal in order to reduce the number of shares to issue. Acquiring firms? unexpected accruals average 6.7 % of total assets. Moreover, results suggest that earnings management is related to the level of participation in the acquiring firm held by the managers and/or their family, by the dilutive potential shares, by the use of accounting evaluation methods that best predict the final exchange ratio, by the auditors? reputation and by the firm performance.

Suggested Citation

  • Constant Djama & Jennifer Boutant, 2006. "Stratégie comptable des dirigeants et parité d'échange : le cas des fusions françaises," ACCRA, Association francophone de comptabilité, vol. 12(2), pages 191-217.
    • Handle: RePEc:cai:accafc:cca_122_0191
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=CCA_122_0191
    Download Restriction: free
    File URL: http://www.cairn.info/revue-comptabilite-controle-audit-2006-2-page-191.htm
    Download Restriction: free
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Isabelle Martinez & Emmanuelle Negre, 2011. "Les déterminants de la communication volontaire des entreprises cibles d'OPA/OPE : le cas des synergies," Post-Print hal-00650551, HAL.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:accafc:cca_122_0191. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-accra.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.