This study investigates how policy uncertainty affects the acquisition process during the post-announcement period. Utilizing a sample of Australian mining sector acquisitions over 1998-2017, we find that rising policy uncertainty after initial acquisition announcements is associated with delays...

This study investigates the economic consequences of fair value disclosure of earnouts required by IFRS 3 (2008). Due to the counterintuitive income statement effects of fair value accounting for changes in financial liabilities, acquirers are likely to overstate earnout liabilities at the...

This study investigates how policy uncertainty affects firms' asset acquisitions and explores whether deal structure matters in mitigating uncertainty-related costs. Using a unique hand-collected sample of asset acquisitions with a mixture of staged and non-staged transactions, we document that,...

Despite growing importance of project loans in funding large-scale projects, there is a void in the literature examining market reactions to project financing. Using a unique hand-collected sample of project finance approval announcements by Australian-listed mining firms, we document a...