Thesis / Dissertation
Strategic Financial Reporting of Target Firms in Mergers and Acquisitions
Kerui Zhai, Gary Biddle (ed.)
Published : 2020
This thesis investigates the strategic financial reporting of target firms in mergers and acquisitions (M&As). Specifically, this thesis finds that M&A target firms manage GAAP earnings and non-GAAP earnings during selected periods of the M&A process to portray improved performance with related share price effects and M&A consequences. This thesis sheds light on how target firms, as key players in M&As, communicate with outsiders with implications for market participants, regulation, and research that heretofore has focused largely on M&A acquirers.