The impact of accounting standards convergence on Chinese firms' overseas mergers and acquisitions

Artikel

This paper investigates how accounting standards (AS) convergence influences Chinese firms' overseas mergers and acquisitions (M&As) and shows that this convergence significantly promotes Chinese firms' overseas M&As. Specifically, we find that both the probability of success and the value of transactions increases significantly in countries that implemented International Financial Reporting Standards (IFRS) prior to 2007. These results suggest that accounting standards (AS) convergence can improve the comparability of accounting information between China and other countries that have adopted IFRS. Moreover, we find that the impact of accounting standards (AS) convergence on state-owned enterprise (SOE) acquirers is weak. These findings demonstrate that accounting standards (AS) convergence can facilitate Chinese firms' overseas M&As by improving the comparability of accounting information between China and target countries.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: China Journal of Accounting Research ; ISSN: 1755-3091 ; Volume: 12 ; Year: 2019 ; Issue: 3 ; Pages: 231-250 ; Amsterdam: Elsevier

Classification and Topics

• Classification: Management
• Subject: Accounting standards convergence ; Comparability of accounting information ; Overseas mergers and acquisitions

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Sun, Shuwei ; Zhao, Hailong ; He, Xianjie ; Zhang, Ying
• Event: Veröffentlichung
• (who): Elsevier
• (where): Amsterdam
• (when): 2019

Further information

• DOI: doi:10.1016/j.cjar.2019.05.001
• Handle: http://hdl.handle.net/10419/241798
• Last update: 10.03.2025, 11:44 AM CET