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La Gestion Des Resultats Comptables Lors Des Fusions Et Acquisitions: Une Analyse Dans Le Contexte Suisse

Author

Listed:
  • Franck Missonier-Piera

    (ESSEC Business School)

  • Walid Ben-Amar

    (CRG - Centre de Recherche en Comptabilité - University of Ottawa [Ottawa])

Abstract

Cette recherche examine la gestion des résultats comptables par les dirigeants d'entreprises sujettes à des offres publiques d'achat (OPA) dans le contexte Suisse. La recherche comptable suggère que les transactions de fusions et acquisitions offrent un cadre propice à la gestion des résultats tant pour les dirigeants de l'entreprise cible que pour ceux de l'acquéreur (Easterwood, 1998 ; Erickson et Wang, 1999 ; North et O'Connell, 2002). Toutefois, les études empiriques relatives à cette question obtiennent des résultats divergents, et proviennent en outre essentiellement d'études menées dans le contexte américain. Notre recherche se propose d'enrichir la littérature comptable à travers l'analyse de la manipulation des résultats comptables par les firmes cibles d'OPA dans un contexte Européen. Dans cette perspective, la Suisse offre un cadre intéressant en raison des caractéristiques de son marché des prises de contrôle et de la flexibilité offerte aux dirigeants dans le choix des pratiques comptables comparativement à d'autres pays. Sur un échantillon de 50 sociétés suisses cibles d'OPA entre 1990 et 2002, nos résultats documentent une gestion significative des résultats comptables (mesurée par le niveau des accruals discrétionnaires) au cours de l'année qui précède celle de l'initiation de la transaction.

Suggested Citation

  • Franck Missonier-Piera & Walid Ben-Amar, 2005. "La Gestion Des Resultats Comptables Lors Des Fusions Et Acquisitions: Une Analyse Dans Le Contexte Suisse," Post-Print halshs-00581249, HAL.
    • Handle: RePEc:hal:journl:halshs-00581249
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00581249
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    References listed on IDEAS

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    Cited by:

    1. Ghribi Rihab & Anis Jarboui, 2016. "Impact of accounting and financial manipulations around mergers and acquisitions on shareholders' perception," Post-Print hal-01371223, HAL.
    2. Isabelle Martinez & Emmanuelle Negre, 2011. "Les déterminants de la communication volontaire des entreprises cibles d'OPA/OPE : le cas des synergies," Post-Print hal-00650551, HAL.

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