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Shared auditors, information asymmetry degree, and mergers and acquisitions value creation

The social network is an important factor that affects the value creation of mergers and acquisitions (M&A). The M&A events of China’s Listed Companies in 2011–2018 were used as research samples, and this study used the ordinary least square method to test the value creation effect of shared...

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Autor principal: You, Chunhui
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9459156/
https://www.ncbi.nlm.nih.gov/pubmed/36092042
http://dx.doi.org/10.3389/fpsyg.2022.921581
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author You, Chunhui
author_facet You, Chunhui
author_sort You, Chunhui
collection PubMed
description The social network is an important factor that affects the value creation of mergers and acquisitions (M&A). The M&A events of China’s Listed Companies in 2011–2018 were used as research samples, and this study used the ordinary least square method to test the value creation effect of shared auditors. First, it analyzed the impact of shared auditors on the current, short-term, and long-term M&A value creation. Second, it analyzed the moderating effect of information asymmetry degree. The research results show that shared auditors can increase the enterprise value of both sides of M&A. In addition, related M&A and industry attributes can moderate the relationship between shared auditors and M&A value creation. When the M&A are unrelated and in different industries, shared auditors play a more significant role in the value creation of M&A that have more asymmetric information.
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spelling pubmed-94591562022-09-10 Shared auditors, information asymmetry degree, and mergers and acquisitions value creation You, Chunhui Front Psychol Psychology The social network is an important factor that affects the value creation of mergers and acquisitions (M&A). The M&A events of China’s Listed Companies in 2011–2018 were used as research samples, and this study used the ordinary least square method to test the value creation effect of shared auditors. First, it analyzed the impact of shared auditors on the current, short-term, and long-term M&A value creation. Second, it analyzed the moderating effect of information asymmetry degree. The research results show that shared auditors can increase the enterprise value of both sides of M&A. In addition, related M&A and industry attributes can moderate the relationship between shared auditors and M&A value creation. When the M&A are unrelated and in different industries, shared auditors play a more significant role in the value creation of M&A that have more asymmetric information. Frontiers Media S.A. 2022-08-26 /pmc/articles/PMC9459156/ /pubmed/36092042 http://dx.doi.org/10.3389/fpsyg.2022.921581 Text en Copyright © 2022 You. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Psychology
You, Chunhui
Shared auditors, information asymmetry degree, and mergers and acquisitions value creation
title Shared auditors, information asymmetry degree, and mergers and acquisitions value creation
title_full Shared auditors, information asymmetry degree, and mergers and acquisitions value creation
title_fullStr Shared auditors, information asymmetry degree, and mergers and acquisitions value creation
title_full_unstemmed Shared auditors, information asymmetry degree, and mergers and acquisitions value creation
title_short Shared auditors, information asymmetry degree, and mergers and acquisitions value creation
title_sort shared auditors, information asymmetry degree, and mergers and acquisitions value creation
topic Psychology
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9459156/
https://www.ncbi.nlm.nih.gov/pubmed/36092042
http://dx.doi.org/10.3389/fpsyg.2022.921581
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