Notre recherche examine l'étendue de la communication d'information de 59 sociétés américaines éprouvant des difficultés financières entre 2001 et 2003. La détresse financière, et éventuellement la faillite, offre un contexte intéressant pour l'étude des motivations des dirigeants à...

This paper examines the response of securityprices to the share dealings by directors ofsmall capitalised firms in the United Kingdomand tests as to whether the share dealingscontain information with regard to the firm'sfuture financial performance. The results ofthe study indicate that...

In a context of high competition and economic turmoil, companies are faced with a whole array of financial, strategic and operational risks. To better understand and face repercussions on their activities, companies increasingly adopt integrated risk management systems. The objective of this...

We examine whether family firms undertake value creating high technology M&A. We also examine whether level of ownership, diversification, agency issues and CEO type matter. Our sample consists of high-technology M&A undertaken by Canadian firms over the period 1997–2006. Canada offers a...

Purpose – Accounting research has emphasized target and bidder managers' incentives to manipulate earnings during corporate control contests. However, prior studies examining earnings management by takeover targets have obtained mixed results. Moreover, the existing evidence is mainly based on...

This study investigates the relationship between ownership structure and acquiring firm performance. A large proportion of Canadian public companies have controlling shareholders (families) that often exercise control over voting rights while holding a small fraction of the cash flow rights....

Cette recherche examine la gestion des résultats comptables par les dirigeants d'entreprises sujettes à des offres publiques d'achat (OPA) dans le contexte Suisse. La recherche comptable suggère que les transactions de fusions et acquisitions offrent un cadre propice à la gestion des...

We investigate the relationship between corporate governance quality and dividend policy in Canada. Based on the agency theory predictions, we consider the effect of two conflicting hypotheses about the effect of corporate governance on dividend payouts: the outcome and substitution hypotheses....