Voluntary disclosures as a form of impression management to reduce evaluative uncertainty during M&A

Basak Yakis-Douglas, Duncan Angwin, Maureen Meadows, Kwangwon Ahn

Research output: Contribution to conferencePaperpeer-review

Abstract

This study develops and tests a set of hypotheses on how to manage investors’ evaluative uncertainty during M&A through a specific form of impression management, namely, interim news events. We suggest that voluntary disclosures are key in influencing investors’ reactions during M&A. Empirical support for our theoretical arguments is shown in a sample of 36,376 deals and 163,023 associated interim news events carried out by NYSE and NSDQ listed organizations over 10 years. Our research contributes to literature on voluntary disclosures, impression management, and managing M&A.
Original languageEnglish
Pages1364-1369
Number of pages6
DOIs
Publication statusPublished - 1 Jan 2014
Event74th Annual Meeting of the Academy of Management, AOM 2014 - Philadelphia, United States
Duration: 1 Aug 20144 Aug 2014

Conference

Conference74th Annual Meeting of the Academy of Management, AOM 2014
Country/TerritoryUnited States
CityPhiladelphia
Period1/08/144/08/14

ASJC Scopus subject areas

  • Management Information Systems
  • Management of Technology and Innovation
  • Industrial relations

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