Takeover and R&D Disclosure
碩士 === 元智大學 === 財務金融暨會計碩士班(財務金融學程) === 106 === This research investigates whether managers from United States are willing to reveal R&D information when they have suffered takeover pressure between 1994 and 2014. We show that firm have hidden values if manager with unreported R&D information...
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| Format: | Others |
| Language: | en_US |
| Published: |
2018
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| Online Access: | http://ndltd.ncl.edu.tw/handle/3nw482 |
| Summary: | 碩士 === 元智大學 === 財務金融暨會計碩士班(財務金融學程) === 106 === This research investigates whether managers from United States are willing to reveal R&D information when they have suffered takeover pressure between 1994 and 2014. We show that firm have hidden values if manager with unreported R&D information. Managers of most corporations are informed and own the private information. Therefore, assessments of a takeover bid price are considerable by managers who compare the asking price to their current estimation of the firm value. Overall, our analysis suggests that the precision and reliability of disclosures systematically varies with hostile takeover.
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