Keywords
executive overconfidence, accounting conservatism, M&A performance, intermediary effect
Abstract
This paper takes Shenzhen-Shanghai A-shares listed in China during 2014-2018 as the research object, and empirically tests the effect mechanism of management overconfidence,accounting conservatism and M&A performance in M&A enterprises.The results show that:management overconfidence can inhibit accounting conservatism,and then reduce M&A performance.In other words,accounting conservatism plays a mediating role between management overconfidence and M&A performance.Further research finds that the mediating effect of accounting conservatism is different in the case of different equity nature,firm life cycle and individual characteristics of management.
DOI
10.16315/j.stm.2021.03.012
Recommended Citation
LIU, Qiong-giong and ZHAO, Hong-jin
(2021)
"Management overconfidence,accounting conservatism and M&A performance,"
Journal of Science and Technology Management: Vol. 23:
Iss.
3, Article 8.
DOI: 10.16315/j.stm.2021.03.012
Available at:
https://jstm.researchcommons.org/journal/vol23/iss3/8
