文章基本信息

标题：Blindaje y capacidad informativa del resultado contable
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作者：Carolina Bona Sánchez ; Jerónimo Pérez Alemán ; Domingo J. Santana Martín 等
期刊名称：Universia Business Review
印刷版ISSN：1698-5117
出版年度：2008
卷号：5
期号：20
出版社：Universia Business Review
摘要：The aim of this research is to examine the effect of anti-takeover provisions (ATP’s) on the quality of accounting earnings, in a country where, as in most countries in the world, the salient agency problem is expropriation of minority shareholders by controlling owners. Through the development of an anti-takeover index that measures the level of defence contained in Spanish listed firms’ by-laws, the results reveal a negative incidence of ATP’s on earnings quality.
其他摘要：The aim of this research is to examine the effect of anti-takeover provisions (ATP’s) on the quality of accounting earnings, in a country where, as in most countries in the world, the salient agency problem is expropriation of minority shareholders by controlling owners. Through the development of an anti-takeover index that measures the level of defence contained in Spanish listed firms’ by-laws, the results reveal a negative incidence of ATP’s on earnings quality.