Cain, Matthew D.; Denis, David J.; Denis, Diane K. - In: Journal of Accounting and Economics 51 (2011) 1-2, pp. 151-170
We empirically examine earnout contracts, which provide for contingent payments in acquisition agreements. Our analysis reveals considerable heterogeneity in the potential size of the earnout, the performance measure on which the contingent payment is based, the period over which performance is...
