Earnings Management, Lawsuits, and Stock-for-Stock Acquirers' Market Performance

By Guojin Gong, Henock Louis, Amy X. Sun. 2008

173 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/024a967b4967379116685afb77e85a82f6731521

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Citations in the corpus

Are All Analysts Created Equal? Industry Expertise and Monitoring Effectiveness of Financial Analysts (2017, unknown): “Specifically, we follow Gong, Louis, and Sun (2008) to first sort all firms into quintile portfolios based on their lagged ROAs for each 2-digit SIC industry in each fiscal year.”
Do More Reputable Financial Institutions Reduce Earnings Management by IPO Issuers (2011, methodology): “Following the extant literature (Teoh et al., 1998a, 1998b; Louis, 2004; Louis and White, 2007; Gong et al. , 2008a, 2008b, Louis et al., 2008), we proxy for EM by the level of a firm’s abnormal accruals using the residual from a modified version of the Jones (1991) accruals model.”
Common Auditors in M&A Transactions (2016, unknown): “Louis (2004) and Gong et al. (2008) confirm these findings and show that the long-term post-acquisition underperformance of stock-for-stock acquirers and post- acquisition lawsuits can be attributed to pre-acquisition abnormal accruals.”
Industry contagion in loan spreads (2012, unknown): “Furthermore, Gong, Louis, and Sun (2008) find that about 21% of stock-swap mergers in the US between 1996 and 2002 result in litigation and that pre-merger abnormal accruals can predict the incidence of post-merger lawsuits, suggesting that irregularities in financial reporting and misconduct in…”
Institutional Cross-Ownership and Corporate Strategy: The Case of Mergers and Acquisitions (2018, unknown): “Before the M&A announcement, both acquirers (Louis, 2004; Gong et al., 2008) and targets (Anilowski et al., 2009) have an incentive to actively manage their earnings.”
The effect of IFRS on earnings management in Brazilian non-financial public companies (2014, background): “, 2010; Fischer and Louis (2008), Gong et al. (2008)”
The Effects of Firm Growth and Model Specification Choices on Tests of Earnings Management in Quarterly Settings (2017, methodology): “We examine tests for earnings management in quarterly settings around stock splits (Louis and Robinson 2005), seasoned equity offerings (Rangan 1998), and stock-for-stock acquisitions (Louis 2004; Gong et al. 2008).”
Directors’ and Officers’ Liability Insurance and Acquisition Outcomes (2011, unknown): “Furthermore, Gong, Louis, and Sun (2008) find that about 21% of stock-swap mergers in the US between 1996 and 2002 result in litigation and that pre-merger abnormal accruals can predict the incidence of post-merger lawsuits, suggesting that irregularities in financial reporting and misconduct in…”