Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/44205
Title: Blindaje y capacidad informativa del resultado contable
Other Titles: Anti-takeover provisions and informativeness of accouning earnings
Authors: Bona Sánchez, Carolina 
Pérez Alemán, Jerónimo 
Santana Martín, Domingo Javier 
UNESCO Clasification: 5303 Contabilidad económica
531102 Gestión financiera
Keywords: Blindaje
Capacidad informativa
Anti-takeover
Provisions informativeness
Issue Date: 2008
Publisher: 1698-5117
Journal: Universia Business Review 
Abstract: El objetivo del trabajo es analizar la incidencia de las medidas defensivas (MD’s) en la calidad de la información contable divulgada, en un contexto en el que el principal conflicto de agencia deriva de la divergencia de intereses entre accionistas controladores y propietarios minoritarios. Utilizando un índice de blindaje diseñado a partir de las disposiciones estatutarias defensivas de las empresas cotizadas españolas, los resultados obtenidos evidencian una incidencia negativa de las MD’s en la calidad de la información contable.
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.
URI: http://hdl.handle.net/10553/44205
ISSN: 1698-5117
Source: Universia Business Review [ISSN 1698-5117], v. 20, p. 12-27
Appears in Collections:Reseña
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