Discussion: Financing acquisitions with earnouts
成果类型：
Article
署名作者：
Erel, Isil
署名单位：
University System of Ohio; Ohio State University
刊物名称：
JOURNAL OF ACCOUNTING & ECONOMICS
ISSN/ISSBN：
0165-4101
DOI：
10.1016/j.jacceco.2018.08.003
发表日期：
2018
关键词：
摘要：
Financing Acquisitions with Eamouts by Thomas Bates, Jordan Neyland, and Yolanda Wang broadly focuses on an important topic: how firms finance their acquisitions. Specifically, authors study the role of earnout agreements in financing acquisitions and show that they could be substantial both for financially constrained firms and at times when external capital is more expensive. My discussion focuses on the economic significance of the results presented, questioning the importance of earnouts in the world of M&As and discussing the role of financing synergies in general.
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