New business combinations accounting rules and the mergers and aquisitions activity.

De Montfort University Open Research Archive

Show simple item record Ribeiro, Humberto Nuno Rito 2010-11-26T12:01:37Z 2010-11-26T12:01:37Z 2010
dc.description.abstract The perennial controversy in business combinations accounting and its dialectic with stakeholders’ interests under the complexity of the Mergers and Acquisitions (M&A) activity is the centrepiece of analysis in this thesis. It is argued here that the accounting regulation should be as neutral as possible for the economic activity, although it is recognised that accounting changes may result in economic effects. In the case of the changes for business combinations accounting in the USA, lobbying was so fierce that in order to achieve the abolition of accounting choice in M&A accounting, it forced the standard-setter to compromise and to change substantially some of its earlier proposals. Such fierce lobbying cast doubts about whether it was effectively possible to mitigate such economic effects, resulting in a possible impact of the accounting changes on the M&A activity. The occurrence of M&A in waves is yet to be fully theorised. Nevertheless, existing literature established relationships between M&A activity and some key economic and financial factors, and has provided several interesting theories and other meaningful contributions for this thesis. It was therefore possible to examine whether the changes in the accounting rules produced any significant impact on the M&A activity. The findings obtained from the testing of the research hypotheses suggest that the new M&A accounting rules did not result in significant impacts on overall M&A activity. Nevertheless, from the study of managers’ perceptions, and from the examination of annual reports of S&P 500 companies, a considerable impact on the financial reporting was found. en
dc.description.sponsorship FUNDO SOCIAL EUROPEU (European Union) en
dc.description.sponsorship PRODEP III - Medida 5/Acção 5.3 en
dc.language.iso en en
dc.publisher De Montfort University en
dc.subject mergers and acquisitions en
dc.subject M and A en
dc.subject M&A activity and waves en
dc.subject accounting regulation en
dc.subject economic consequences en
dc.subject accounting choice en
dc.subject pooling of interests method en
dc.subject purchase method en
dc.subject goodwill amortisation en
dc.title New business combinations accounting rules and the mergers and aquisitions activity. en
dc.type Thesis or dissertation en
dc.publisher.department Faculty of Business and Law en
dc.publisher.department Leicester Business School en
dc.publisher.department Department of Accounting and Finance en
dc.type.qualificationlevel Doctoral en
dc.type.qualificationname PhD en

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