Accounting earnings quality and merger & acquisition performance in South Africa
| 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.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.identifier.uri | http://hdl.handle.net/10539/11977 | |
| 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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