Do franchise firms manage their earnings more? Investigating the earnings management of restaurant firms
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DOI: 10.1016/j.ijhm.2018.12.013
Abstract: Abstract Earnings management has become more prevalent in many firms. Accordingly, the financial accounting literature has made efforts to identify the determinants of earnings management behavior in various industries. However, for the restaurant industry it… read more here.
Keywords: management; franchise restaurants; earnings management; non franchise ... See more keywords
Acquisitions and shareholders' returns in restaurant firms: The effects of free cash flow, growth opportunities, and franchising
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DOI: 10.1016/j.ijhm.2019.102327
Abstract: Abstract Restaurant firms extensively expand through acquisitions. While acquisitions can be an efficient business strategy, the extant literature presented evidence showing that acquisitions can be value–increasing or –decreasing investments. However, why acquisitions increase or decrease… read more here.
Keywords: cash; growth opportunities; free cash; restaurant firms ... See more keywords
Preferred stock issuance in the restaurant industry and financial distress
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DOI: 10.1080/15378020.2020.1768818
Abstract: ABSTRACT The purpose of this study is to offer insights into why restaurant firms issue preferred stock despite the disadvantage of using preferred stock as compared to debt. This disadvantage is due to the fact… read more here.
Keywords: stock; financial distress; restaurant firms; preferred stock ... See more keywords