FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3034585349> ?p ?o ?g. }

• W3034585349 endingPage "464" @default.
• W3034585349 startingPage "437" @default.
• W3034585349 abstract "Purpose This paper aims to investigate how sell-side analysts form expectations on, analyse, and communicate the effects of corporate acquisitions. Design/methodology/approach The paper reports on case studies of three listed firms who are frequent acquirers. The case data comprise semi-structured interviews and content analysis of analyst reports and corporate reports. Findings The paper reports three sets of findings. First, the analysts viewed acquisitions as heterogeneous events and, therefore, also treated acquisitions differently depending on factors such as size and acquisition strategy and the perceived “authenticity” of the acquisition (i.e. whether parts of the acquisition would be more accurately described as organic growth and regular capital expenditure (CAPEX) investments). Second, the authors find that analysts struggle with analysing the effects of acquisitions at the announcement date because of a mismatch between the analysts’ need of and the analysts’ access to relevant information. Although clients demand evaluations of announced acquisitions, relevant accounting information is not published until much later and the information at hand only allows for cursory analyses. Finally, the authors find that the analysts’ valuation models were too inflexible to fully incorporate the effects of the acquisition. In sum, the analysts, therefore, developed acquisition-driven investment cases without supporting accounting information and without converting expected acquisitions into forecasts. Originality/value By adopting a qualitative case study research design, the paper contributes to the ongoing efforts to open the “black-box” of sell-side analyst behaviour. In particular, the unique research design focusses on effects related to specific corporate events (acquisitions) rather than analysts’ everyday work." @default.
• W3034585349 created "2020-06-19" @default.
• W3034585349 creator A5038754941 @default.
• W3034585349 creator A5067521207 @default.
• W3034585349 creator A5076029229 @default.
• W3034585349 date "2020-06-10" @default.
• W3034585349 modified "2023-10-18" @default.
• W3034585349 title "Sell-side analysts and corporate acquisitions: case study findings" @default.
• W3034585349 cites W1033158315 @default.
• W3034585349 cites W1571972293 @default.
• W3034585349 cites W1972797202 @default.
• W3034585349 cites W1977682876 @default.
• W3034585349 cites W1984880768 @default.
• W3034585349 cites W1989276016 @default.
• W3034585349 cites W1990336263 @default.
• W3034585349 cites W1990793844 @default.
• W3034585349 cites W1992222839 @default.
• W3034585349 cites W1995132963 @default.
• W3034585349 cites W2001424597 @default.
• W3034585349 cites W2011545617 @default.
• W3034585349 cites W2021998775 @default.
• W3034585349 cites W2022853176 @default.
• W3034585349 cites W2023068926 @default.
• W3034585349 cites W2028689509 @default.
• W3034585349 cites W2033149743 @default.
• W3034585349 cites W2037076091 @default.
• W3034585349 cites W2038055773 @default.
• W3034585349 cites W2051668411 @default.
• W3034585349 cites W2070271651 @default.
• W3034585349 cites W2089282504 @default.
• W3034585349 cites W2090187282 @default.
• W3034585349 cites W2092534071 @default.
• W3034585349 cites W2104697841 @default.
• W3034585349 cites W2105094056 @default.
• W3034585349 cites W2148916755 @default.
• W3034585349 cites W2156589924 @default.
• W3034585349 cites W2222930390 @default.
• W3034585349 cites W2285876692 @default.
• W3034585349 cites W2357163672 @default.
• W3034585349 cites W2403038527 @default.
• W3034585349 cites W2606944899 @default.
• W3034585349 cites W2609102398 @default.
• W3034585349 cites W2622878786 @default.
• W3034585349 cites W2797060123 @default.
• W3034585349 cites W2921514255 @default.
• W3034585349 cites W3121174608 @default.
• W3034585349 cites W3121894667 @default.
• W3034585349 cites W3122232551 @default.
• W3034585349 cites W3122441023 @default.
• W3034585349 cites W3122642351 @default.
• W3034585349 cites W3122917065 @default.
• W3034585349 cites W3123234532 @default.
• W3034585349 cites W3123688122 @default.
• W3034585349 cites W3123717347 @default.
• W3034585349 cites W3123840183 @default.
• W3034585349 cites W3123897923 @default.
• W3034585349 cites W3123942280 @default.
• W3034585349 cites W3124596233 @default.
• W3034585349 cites W3124770439 @default.
• W3034585349 cites W3124874570 @default.
• W3034585349 cites W3125491259 @default.
• W3034585349 cites W3125717595 @default.
• W3034585349 cites W3125720142 @default.
• W3034585349 cites W3125758697 @default.
• W3034585349 cites W4241829023 @default.
• W3034585349 doi "https://doi.org/10.1108/qrfm-08-2019-0094" @default.
• W3034585349 hasPublicationYear "2020" @default.
• W3034585349 type Work @default.
• W3034585349 sameAs 3034585349 @default.
• W3034585349 citedByCount "0" @default.
• W3034585349 crossrefType "journal-article" @default.
• W3034585349 hasAuthorship W3034585349A5038754941 @default.
• W3034585349 hasAuthorship W3034585349A5067521207 @default.
• W3034585349 hasAuthorship W3034585349A5076029229 @default.
• W3034585349 hasConcept C10138342 @default.
• W3034585349 hasConcept C119857082 @default.
• W3034585349 hasConcept C121955636 @default.
• W3034585349 hasConcept C144024400 @default.
• W3034585349 hasConcept C144133560 @default.
• W3034585349 hasConcept C162324750 @default.
• W3034585349 hasConcept C162853370 @default.
• W3034585349 hasConcept C163867264 @default.
• W3034585349 hasConcept C186027771 @default.
• W3034585349 hasConcept C190248442 @default.
• W3034585349 hasConcept C2776291640 @default.
• W3034585349 hasConcept C2776950860 @default.
• W3034585349 hasConcept C36289849 @default.
• W3034585349 hasConcept C41008148 @default.
• W3034585349 hasConcept C548217281 @default.
• W3034585349 hasConceptScore W3034585349C10138342 @default.
• W3034585349 hasConceptScore W3034585349C119857082 @default.
• W3034585349 hasConceptScore W3034585349C121955636 @default.
• W3034585349 hasConceptScore W3034585349C144024400 @default.
• W3034585349 hasConceptScore W3034585349C144133560 @default.
• W3034585349 hasConceptScore W3034585349C162324750 @default.
• W3034585349 hasConceptScore W3034585349C162853370 @default.
• W3034585349 hasConceptScore W3034585349C163867264 @default.
• W3034585349 hasConceptScore W3034585349C186027771 @default.

• next