Acquisition Profitability and Timely Loss Recognition

By Jere R. Francis, Xiumin Martin. 2010

417 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/3739b27887e67fad98d05578885ca087b8172fab

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Citations in the corpus

Financial Statement Comparability and the Efficiency of Acquisition Decisions (2018, methodology): “[Insert Table 2 Here] For descriptive purposes, we first provide a pair-wise correlation matrix of acquirers’ announcement returns, targets’ financial statement comparability, and control variables included in the analyses in Panel B of Table 2.”
Capital Allocation and Timely Accounting Recognition of Economic Losses (2011, positive): “In this, we complement a recent paper by Francis and Martin (2010) who examine the link between firm-level conservatism and project selection by exploiting acquisition announcements.”
Evidence on the Role of Accounting Conservatism in Monitoring Managers' Investment Decisions (2011, background): “3 Francis and Martin (2010) find that firms that use more timely incorporation of economic losses make acquisition decisions that result in higher post-merger operating performance and are less likely to divest the acquired firm.”
The effect of CEO inside debt holdings on financial reporting quality (2015, background): “…from December 15, 2006, the Securities and Exchange Commission (SEC) required public firms to disclose 1 See Ball and Shivakumar (2005), Francis and Martin (2010), Jayaraman and Shivakumar (2013), Roychowdhury (2010), and Bushman et al. (2011), for instance, for the details on how accounting…”
The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis: THE EFFECT OF ACCOUNTING CONSERVATISM (2016, positive): “In addition, managers often have incentives to continue operating loss-making projects because abandoning such projects could hurt current earnings (via write-offs) or the manager’s private benefits such as the prestige of overseeing a larger firm (Ball 2001; Watts 2003a; Francis and Martin 2010).”
Conditional conservatism and cost of capital (2011, background): “123 Watts 2008; Francis and Martin 2010 ). The reported evidence sheds some additional light on the regulatory debate on whether conservatism should be excluded from the desirable qualitative characteristics of accounting information.”
Accounting Conservatism and Firm Investment Efficiency (2016, positive): “(6) should be significantly positive, indicating greater future profitability for more conservative firms in settings prone to overinvestment, consistent with Francis and Martin (2010). On the”