The Value Relevance of Earnings and Book
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C.S. Agnes Cheng; Kenneth R. Ferris; Su-Jane Hsieh; Yuli Su
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Article
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2005
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Elsevier Science
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English
β 260 KB
This study examines the value relevance of reported earnings and book value under pooling-of-interests and purchase accounting. Using a sample of 110 merger or acquisition transactions from the period 1988 to 1996, the value relevance of the two accounting approaches is investigated by examining the