Discussion of (dis)aggregated earnings guidance and acquisition financing
Abstract
Purpose: The author discusses the paper by Ordyna (2020) and suggests a few areas for improvement. First, the author could think more about the financing scheme of the acquisition including hybrid debt securities. Second, the author could consider forecast reputation, the timing and frequency of earnings guidance. Third, the author may consider the difference-in-differences research design and identification strategy. Other model designs, robustness checks and alternative measures of key variables are discussed.
Publication Title
Asian Review of Accounting
Recommended Citation
Zhang, J. (2020). Discussion of (dis)aggregated earnings guidance and acquisition financing. Asian Review of Accounting, 28 (2), 141-146. https://doi.org/10.1108/ARA-10-2019-0186
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