Business Combinations under Common Control
Practice, Determinants, and Earnings Quality
Zusammenfassung
Leseprobe
Inhaltsverzeichnis
- Cover
- Title
- Copyright
- About the author
- About the book
- This eBook can be cited
- Preface
- Acknowledgement
- Contents overview
- Contents
- List of figures
- List of tables
- List of abbreviations
- List of symbols
- 1 Introduction
- 1.1 Research questions and objectives
- 1.2 Scientific positioning
- 1.3 Outline of the study
- 2 Conceptual foundation
- 2.1 Characteristics of BCUCC
- 2.1.1 BCUCC according to IFRS 3.2(c)
- 2.1.2 BCUCC as a related party transaction according to IAS 24
- 2.1.3 Corporate reorganizations and BCUCC
- 2.2 Motives for BCUCC
- 2.3 Structuring of BCUCC
- 2.4 Accounting for BCUCC
- 2.4.1 Objective and users of consolidated and subgroup financial statements
- 2.4.2 Accounting method
- 2.4.2.1 Application of IAS 8
- 2.4.2.2 Acquisition method
- 2.4.2.3 Book value method
- 2.4.2.4 Further approaches
- 2.4.3 Disclosures about BCUCC
- 2.4.4 IASB project for BCUCC accounting
- 2.5 Summary
- 3 State of research
- 3.1 Research on BCUCC
- 3.1.1 Normative research
- 3.1.2 Empirical research
- 3.2 Research on business combinations between third parties
- 3.2.1 Determinants of accounting method choices
- 3.2.2 Earnings quality
- 3.3 Summary and research gap
- 4 Theory and hypotheses development
- 4.1 Theoretical foundation
- 4.1.1 Agency theory
- 4.1.2 Positive accounting theory
- 4.1.3 Stakeholder theory
- 4.1.4 Institutional theory
- 4.1.5 Theoretical framework
- 4.2 Hypotheses development
- 4.2.1 BCUCC disclosures
- 4.2.2 Determinants of BCUCC accounting method choices
- 4.2.3 Earnings quality of BCUCC accounting methods
- 4.2.4 Summary of hypotheses
- 5 BCUCC accounting and disclosure practice
- 5.1 Research design
- 5.1.1 Content analysis
- 5.1.1.1 Fundamentals
- 5.1.1.2 Development of the disclosure index
- 5.1.1.3 Weighting of the disclosure index
- 5.1.2 Sample
- 5.2 Results
- 5.2.1 Presentation and quantity of BCUCC disclosures
- 5.2.2 Disclosure score
- 5.2.3 Information about the business combination
- 5.2.4 Accounting treatment
- 5.3 Discussion
- 6 Determinants of BCUCC accounting method choices
- 6.1 Research design
- 6.1.1 Logistic regression model
- 6.1.2 Variables
- 6.1.3 Sample adjustments
- 6.2 Results
- 6.2.1 Descriptive statistics
- 6.2.2 Correlation analysis
- 6.2.3 Multivariate analyses
- 6.2.4 Sensitivity analyses and robustness tests
- 6.3 Discussion
- 7 Earnings quality of BCUCC accounting methods
- 7.1 Research design
- 7.1.1 OLS regression model
- 7.1.2 Variables
- 7.1.3 Sample adjustments
- 7.2 Results
- 7.2.1 Descriptive statistics
- 7.2.2 Correlation analysis
- 7.2.3 Multivariate analyses
- 7.2.4 Sensitivity analyses and robustness tests
- 7.3 Discussion
- 8 Conclusions
- 8.1 Main findings and implications
- 8.2 Limitations and outlook
- Appendix
- List of cited annual reports
- List of cited laws, regulations, standards, and guidance materials
- Bibliography
- Series Index
Contents
1.1 Research questions and objectives
2.1.1 BCUCC according to IFRS 3.2(c)
2.1.2 BCUCC as a related party transaction according to IAS 24
2.1.3 Corporate reorganizations and BCUCC
2.4.1 Objective and users of consolidated and subgroup financial statements
2.4.4 IASB project for BCUCC accounting
←XI | XII→3.2 Research on business combinations between third parties
3.2.1 Determinants of accounting method choices
4 Theory and hypotheses development
4.1.2 Positive accounting theory
4.2.2 Determinants of BCUCC accounting method choices
4.2.3 Earnings quality of BCUCC accounting methods
5 BCUCC accounting and disclosure practice
5.1.1.2 Development of the disclosure index
5.1.1.3 Weighting of the disclosure index
5.2.1 Presentation and quantity of BCUCC disclosures
5.2.3 Information about the business combination
6 Determinants of BCUCC accounting method choices
6.1.1 Logistic regression model
←XII | XIII→6.2.4 Sensitivity analyses and robustness tests
7 Earnings quality of BCUCC accounting methods
7.2.4 Sensitivity analyses and robustness tests
8.1 Main findings and implications
List of cited laws, regulations, standards, and guidance materials
List of figures
Figure 1-1: Research fields of the study
Figure 1-2: Outline of the study
Figure 2-1: Summary of BCUCC characteristics according to IFRS 3.B1
Figure 2-3: Example of a BCUCC
Figure 2-4: Example of BCUCC affecting minority shareholders
Figure 2-5: Example of BCUCC affecting creditors
Figure 2-6: Examples of different BCUCC in advance of an IPO
Figure 2-7: Example of BCUCC in advance of a spin-off
Figure 2-8: Selection of accounting policies according to IAS 8
Figure 2-9: Goodwill resulting from a business combination
Figure 3-1: Overview of related research
Figure 4-1: Research approaches following Positive Accounting Theory
Figure 4-2: Overview of stakeholders of an acquirer in BCUCC
Figure 4-3: Theoretical framework
Figure 4-4: Summary of hypotheses according to the theoretical framework
Figure 5-2: Country composition
Figure 5-3: Industry composition
Figure 5-4: Accounting method distribution per year
Figure 5-5: Accounting method distribution per country
Figure 5-6: Accounting method distribution per industry
Figure 5-7: Presentation of BCUCC information within the notes
Figure 5-8: Box plot diagram for the total disclosure score
Figure 5-9: Motives for the BCUCC
Figure 5-10: Example of Ipsen S.A. organizational structure pre-BCUCC
Figure 5-11: Example of Ipsen S.A. organizational structure post-BCUCC
Figure 5-12: Ultimate controlling party distribution by accounting method
←XV | XVI→Figure 5-13: Different types of consideration
Figure 5-14: Financial statements used for the book values
Figure 5-15: Results for the disclosure hypothesis
Figure 6-1: Margins plot for BCUCC accounting method determinants
List of tables
Table 2-1: Illustrative example of the acquisition method for BCUCC at first-time consolidation
Table 2-2: KPI for the acquisition method
Table 2-3: Illustrative example of the book value method for BCUCC at first-time consolidation
Table 2-4: KPI for the book value method
Table 2-5: Summary of the IASB’s preliminary view for BCUCC
Table 2-6: Summary of the acquisition method and book value method
Details
- Seiten
- 296
- Jahr
- 2022
- ISBN (PDF)
- 9783631877586
- ISBN (ePUB)
- 9783631877593
- ISBN (Hardcover)
- 9783631877456
- DOI
- 10.3726/b19704
- Sprache
- Deutsch
- Erscheinungsdatum
- 2022 (März)
- Schlagworte
- BCUCC M&A Accounting IFRS Accounting methods Accounting choices Mergers Acquisitions
- Erschienen
- Berlin, Bern, Bruxelles, New York, Oxford, Warszawa, Wien, 2022. 296 S., 36 s/w Abb., 57 Tab.