Factores determinantes de la elección del método contable en las fusiones de empresas

  1. Apellániz Gómez, María Teresa 1
  2. Gabás Trigo, Francisco 2
  3. Apellániz Gómez, Paloma 2
  1. 1 Universidad de La Rioja
    info

    Universidad de La Rioja

    Logroño, España

    ROR https://ror.org/0553yr311

  2. 2 Universidad de Zaragoza
    info

    Universidad de Zaragoza

    Zaragoza, España

    ROR https://ror.org/012a91z28

Journal:
Revista española de financiación y contabilidad

ISSN: 0210-2412

Year of publication: 1999

Issue: 100

Pages: 111-149

Type: Article

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More publications in: Revista española de financiación y contabilidad

Abstract

The purchase method and the pooling of interestest method area the two accepted accounting treatments for mergers. However, the poolings of interests method only can be used for mergers that meet certain restrictive conditions. Previous studies carried out in other countries suggest that certain benefits may derive fron the method used to account for mergers, because pooling, usually results in higher reported earnings. In Spain, until the moment, mergers can be accounted by the purchase method or the pooling of interest method. This paper investigates the choice of accounting method in a sample of 84 firms participating in 30 mergers which took place during the period 1991 to 1998. The results, using non-parametric tests, indicate that the purchase-pooling choice is infuenced by size, profitability and reserves relative to capital stock of the acquiring firm. The results also show a positive relationship between the size of the underlying goodwill contained in the target and the use of the pooling of interest method, suggesting that the primary reason to avoid the negative impac on reported earnings is the amortization of goowill

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