Accounting earnings quality and merger & acquisition performance in South Africa

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dc.contributor.author Govender, Avishkar
dc.date.accessioned 2012-09-21T11:56:16Z
dc.date.available 2012-09-21T11:56:16Z
dc.date.issued 2012-09-21
dc.identifier.uri http://hdl.handle.net/10539/11977
dc.description.abstract This paper examines the relationship between the quality of accountings earnings and long-run performance for South African acquirers in the context of market-to-book value classifications. Glamour acquirers show significant earnings momentum prior to acquisition; however this momentum is not sustainable. In the period after the acquisition glamour acquirers exhibit a decreasing earnings trend and it is found that South African value acquirers outperform value acquirer’s post-acquisition. This paper does not however identify the determinant of this phenomenon as the hypothesis that the pre-acquisition earnings momentum of glamour acquirers is in part bolstered by their aggressive investments is rejected. en_ZA
dc.language.iso en en_ZA
dc.subject Mergers and acquisitions en_ZA
dc.subject Performance en_ZA
dc.subject Earnings en_ZA
dc.title Accounting earnings quality and merger & acquisition performance in South Africa en_ZA
dc.type Thesis en_ZA


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