Target’s Earnings Purity and M&A Premium: Evidence From China

This study introduces the concept of earnings purity, a novel construct in corporate finance, and investigates its impact on M&A premiums in China. Based on a multi-dimensional fixed-effects panel regression model, we find that higher earnings purity significantly increases M&A premiums by e...

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Bibliographic Details
Main Authors: Wenting Guo, Faqin Lan, Fang Zhang
Format: Article
Language:English
Published: SAGE Publishing 2025-08-01
Series:SAGE Open
Online Access:https://doi.org/10.1177/21582440251367185
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