Download or read book Pooling Or Purchase A Merger Mystery written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Reserve Bank of Richmond presents the full text of an article entitled "Pooling or Purchase: A Merger Mystery," by John R. Walter. The article was published in the Winter 1999 issue of "Economic Quarterly." Walter discusses the pooling and purchase accounting methods in relation to acquisitions and mergers. Reported earnings are often higher under pooling than purchase accounting.
Download or read book The Merger Mystery written by Geoff Meeks and published by Open Book Publishers. This book was released on 2022-06-23 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statistical studies over the last forty-five years show that, although there are success stories, very many mergers and acquisitions do not result in the increased operating profits that economics textbooks would lead one to expect. As consultancy McKinsey have put it, ‘Anyone who has researched merger success rates knows that roughly 70% fail’. Yet—mysteriously—M&A activity has boomed across the globe, with a forty-fold increase in deals done each year now compared with four decades ago, in spite of the adverse general evidence. How can it be that talented, energetic, highly skilled, law-abiding, income-maximising participants in the M&A market will often promote mergers that lead to no operating gains, frequently with adverse effects on the wider economy too? Drawing on findings from a wealth of statistical analyses and case evidence from many businesses, the book presents answers to this merger mystery. In a synthesis of ideas from several disciplines, solutions are detected in misaligned incentives, distorted financial engineering and information asymmetry. By revealing how weaknesses at multiple points can interact and cumulate to produce inefficient outcomes, the discussion serves as a corrective to the overwhelmingly positive tone of most commentary on M&A, whilst also advocating changes in participants’ contracts, in taxation, and in regulation which could significantly reduce the number of mergers that fail. Designed to be accessible to a wide readership, the book will be of interest to investors, to M&A practitioners and commentators, to researchers and students of economics, political economy, finance, management and accounting, and—importantly—to policy makers working in these areas.
Download or read book Accounting for M A written by Amir Amel-Zadeh and published by Routledge. This book was released on 2020-04-29 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spending on M&A has, in aggregate, grown so fast that it has even overtaken capital expenditure on increasing and maintaining physical assets. Yet McKinsey, the leading management consultancy, reports that "Anyone who has researched merger success rates knows that roughly 70% fail". The idea that businesses might be using huge and increasing sums of shareholders’ money for an activity that more often than not leads to failure calls into question the information on which M&A decisions are based. This book presents statistical studies, case material, and standard-setters’ opinions on company accounting before, during, and after M&A. It documents the manipulation of annual accounts by acquirers ahead of share for share bids, biased forecasts of post-merger earnings by bidders, and devices to flatter earnings when recording the deal. It explores the challenges for standard-setters in regulating information flows during and after M&A, and for account-users wishing to learn from financial statements how a deal has affected performance. Drawing on a wide range of international examples, this readable book is targeted not just at accounting specialists but at anyone who is comfortable reading the serious financial press, is intrigued by what is going on in the massive M&A market, and is concerned with achieving better-informed M&A. As such it might be of particular interest to business executives, lawyers, bankers, and investors involved in M&A as well as graduate students interested in researching or learning about the role of accounting in M&A.
Download or read book A Survey of Mergers written by Doreen Pih-yean Lee and published by . This book was released on 1967 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mergers and Acquisitions written by Felicia C. Brooks-Gadson and published by . This book was released on 2001 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Quarterly written by and published by . This book was released on 2000 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Asset Valuation written by Stephen A. Butler and published by . This book was released on 1994 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Takeovers Restructuring and Corporate Governance written by John Fred Weston and published by . This book was released on 2001 with total page 728 pages. Available in PDF, EPUB and Kindle. Book excerpt: The takeover process - The legal and regulatory framework - Accounting for M & As - Tax planning options - Strategic processes - Theories of mergers and tender offers - A chemical industry case study - Measurement of abnormal returns - The timing of merger activity - Empirical tests of M & A performance - Alternative approaches to valuation - Foundations of DCF spreadsheet valuation - Derivation of revenue growth valuation formulas - Derivation of investment opportunity valuation formulas - Increasing the value of the organization - Restructuring and divestitures - Restructuring organization and ownership relationships - Financial restructuring - Joint ventures and alliances - ESOPs and MLPs - Going private and leveraged buyouts - International takeovers and restructuring Share repurchade - Takeover defenses - Corporate governance and performance - Implementation and management guides for M & As.
Download or read book The C F A Digest written by Institute of Chartered Financial Analysts and published by . This book was released on 1998 with total page 846 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Secret Club That Runs the World written by Kate Kelly and published by Penguin. This book was released on 2015-06-16 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Thanks to this gripping new book … we know more about how they do it. And it’s even more shocking than you think.” —The Independent When most people think of the drama of global finance, they think of stocks and bonds, venture capital, high-tech IPOs, and complex mortgage-backed securities. But commodities? Crude oil and soybeans? Copper and wheat? What could be more boring? That’s exactly what the elite commodity traders want you to think. They don’t seek the media spotlight. They don’t want to be as famous as Warren Buffett or Bill Gross. Their astonishing wealth was created in near-total obscurity, either in closely held private companies or deep within large banks and corporations, where commodity profits and losses weren’t broken out. Now Kate Kelly, the bestselling author of Street Fighters, takes us inside this secretive inner circle that controls so many things we all depend on. She gets closer than any previous reporter to understanding these whip-smart, aggressive, and often egomaniacal men who bet millions every day on a blend of facts, analysis, and pure gut instinct.
Download or read book An Evaluation of Purchase and Pooling Concepts of Accounting for Corporate Mergers and Acquisitions written by Anelise Nick Mosich and published by . This book was released on 1963 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Collected Abstracts and Papers written by American Accounting Association. Northeast Regional Meeting and published by . This book was released on 1994 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Fed in Print written by and published by . This book was released on 1999 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Economic Literature written by and published by . This book was released on 1999 with total page 650 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Business Periodicals Index written by and published by . This book was released on 2001 with total page 2806 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dirty Little Secrets of the Record Business written by Hank Bordowitz and published by Chicago Review Press. This book was released on 2007 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: For disgruntled music fans wondering why music played on the radio is not only worse now than in the past but also not nearly as revelatory as it once was, this book presents a detailed discussion of how the record business fouled its own livelihood. This insightful dissection covers numerous aspects of the industry's failures and shortcomings, including why stockholders play an important role, how radio went from an art to a science and what was lost in that change, how the record companies alienated their core audience, why file sharing might not be the bogeyman that the record industry would have people think, technology's effects on what and how music is heard, and dozens of other reasons that add up to the record industry's current financial and artistic woes. With eye-opening observations culled from extensive interviews, this expose offers insights into how this multi-billion-dollar industry is run and why it's losing so much money.
Download or read book The Journal of Economic Perspectives written by and published by . This book was released on 1999 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: This journal attempts to fill a gap between the general-interest press and other academic economics journals. Its articles relate to active lines of economics research, economic analysis of public policy issues, state-of-the-art economic thinking, and directions for future research. It also aims to provide material for classroom use, and to address issues relating to the economics profession.
