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Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

Zhang-Rauch (p. 64-70)

Alam-Yasin (p. 71-78)

Mattare-Monahan-Shah (p. 79-94)

Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF ACCOUNTING AND FINANCE

Voluntary Disclosure Timing and Market Attention around Mergers and Acquisitions

Author(s): Jing Wang, Wensheng Kang

Citation: Jing Wang, Wensheng Kang,(2017) "Voluntary Disclosure Timing and Market Attention around Mergers and Acquisitions," Journal of Accounting and Finance, Vol. 17, Iss. 5, pp.28-43

Article Type: Research paper

Publisher: North American Business Press

Abstract:

The study investigates the disclosure timing strategy of acquiring firms around mergers and acquisitions (M&A). We find that management strategically chooses the timing in announcing different events during the M&A process. Firms are more likely to announce their M&A plans on Mondays than on other weekdays to attract investor attention. Management strategically chooses the timing for the M&A resolutions depending on the nature of M&A resolutions and the market favorability of the proposed transactions. Investor sentiment does not significantly affect the management strategic disclosure timing activities in the M&A process.