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DC Field | Value | Language |
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dc.contributor.author | Chircop, Justin | - |
dc.contributor.author | Johan, Sofia | - |
dc.contributor.author | Tarsalewska, Monika | - |
dc.date.accessioned | 2023-08-29T07:33:49Z | - |
dc.date.available | 2023-08-29T07:33:49Z | - |
dc.date.issued | 2018 | - |
dc.identifier.citation | Chircop, J., Johan, S., & Tarsalewska, M. (2018). Common auditors and cross-country M&A transactions. Journal of International Financial Markets, Institutions and Money, 54, 43-58. | en_GB |
dc.identifier.uri | https://www.um.edu.mt/library/oar/handle/123456789/112666 | - |
dc.description.abstract | Using a comprehensive sample of cross-country mergers and acquisitions for the period 2000–2014 we examine the effect of common auditors on the efficiency of cross-country M&A transactions. We predict that the use of common auditors reduces uncertainty, resulting in higher M&A efficiency. We find that this common-auditor effect results in a positive market reaction to the M&A announcement, lower premium and greater increase in return on assets following the M&A transaction. Further, we find that these effects are more pronounced the greater the M&A transaction uncertainty and when the accounting standards of parties differ. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | Elsevier B.V. | en_GB |
dc.rights | info:eu-repo/semantics/restrictedAccess | en_GB |
dc.subject | Accounting firms | en_GB |
dc.subject | Information services | en_GB |
dc.subject | Consolidation and merger of corporations -- Case studies | en_GB |
dc.title | Common auditors and cross-country M&A transactions | en_GB |
dc.type | article | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
dc.identifier.doi | 10.1016/j.intfin.2017.04.001 | - |
dc.publication.title | Journal of International Financial Markets, Institutions and Money | en_GB |
Appears in Collections: | Scholarly Works - FacEMAAcc |
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Common_auditors_and_cross_country_M&A_transactions.pdf Restricted Access | 363.24 kB | Adobe PDF | View/Open Request a copy |
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