Goodwill Impairment
In 2001, goodwill amortization in the US was eliminated in favor of an impairment-only approach, which, according to critics, gives managers vast discretion and opportunities for earnings management. Prior research suggests that discretionary asset write-offs are associated with economic factors and...
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| Format: | Online |
| Jezik: | angleščina |
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Peter Lang International Academic Publishers
2021
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| Online dostop: | 1003253 |
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| _version_ | 1869521314290597888 |
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| author | Sellhorn, Thorsten |
| author_browse | Sellhorn, Thorsten |
| author_facet | Sellhorn, Thorsten |
| author_sort | Sellhorn, Thorsten |
| collection | Directory of Open Access Books |
| description | In 2001, goodwill amortization in the US was eliminated in favor of an impairment-only approach, which, according to critics, gives managers vast discretion and opportunities for earnings management. Prior research suggests that discretionary asset write-offs are associated with economic factors and managers’ financial reporting objectives. Based on a systematic literature review, this study investigates for a comprehensive sample of US firms the determinants of goodwill write-off behavior. Regression analysis shows that write-off behavior is significantly explained by firms’ economic properties. Only in large, high-profile firms, incentives appear to be significant determinants. These findings suggest that the impairment-only approach does capture goodwill impairment at least to some extent. |
| format | Online |
| id | doab-20.500.12854ir-35930 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Peter Lang International Academic Publishers |
| publisherStr | Peter Lang International Academic Publishers |
| record_format | ojs |
| spelling | doab-20.500.12854ir-359302025-01-27T00:28:13Z Goodwill Impairment Sellhorn, Thorsten Bilanzpolitik Empirical Firmenwert Generally Accepted Accounting Principles Geschäftswert Goodwill Goodwill Impairment Impairment Investigation Offs Sellhorn SFAS under USA US-GAAP Wertberichtigung Write thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFC Accounting::KFCX Accounting: study and revision guides thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJM Management and management techniques::KJMV Management of specific areas::KJMV1 Budgeting and financial management In 2001, goodwill amortization in the US was eliminated in favor of an impairment-only approach, which, according to critics, gives managers vast discretion and opportunities for earnings management. Prior research suggests that discretionary asset write-offs are associated with economic factors and managers’ financial reporting objectives. Based on a systematic literature review, this study investigates for a comprehensive sample of US firms the determinants of goodwill write-off behavior. Regression analysis shows that write-off behavior is significantly explained by firms’ economic properties. Only in large, high-profile firms, incentives appear to be significant determinants. These findings suggest that the impairment-only approach does capture goodwill impairment at least to some extent. 2021-02-10T12:58:18Z 2019-01-10 23:55 2018-12-01 23:55:55 2020-01-16 11:31:17 2020-04-01T11:23:42Z 2018 book 1003253 OCN: 1082943952 http://library.oapen.org/handle/20.500.12657/26792 9783631754986 https://directory.doabooks.org/handle/20.500.12854/35930 eng Bochumer Beitraege zur Unternehmensfuehrung open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/26792/1/1003253.pdf https://library.oapen.org/bitstream/20.500.12657/26792/1/1003253.pdf https://library.oapen.org/bitstream/20.500.12657/26792/1/1003253.pdf https://library.oapen.org/bitstream/20.500.12657/26792/1/1003253.pdf https://library.oapen.org/bitstream/20.500.12657/26792/1/1003253.pdf Peter Lang International Academic Publishers 10.3726/b14014 10.3726/b14014 44a712f0-ee17-4c08-a667-46effed595e7 9783631754986 350 Bern open access |
| spellingShingle | Bilanzpolitik Empirical Firmenwert Generally Accepted Accounting Principles Geschäftswert Goodwill Goodwill Impairment Impairment Investigation Offs Sellhorn SFAS under USA US-GAAP Wertberichtigung Write thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFC Accounting::KFCX Accounting: study and revision guides thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJM Management and management techniques::KJMV Management of specific areas::KJMV1 Budgeting and financial management Sellhorn, Thorsten Goodwill Impairment |
| title | Goodwill Impairment |
| title_full | Goodwill Impairment |
| title_fullStr | Goodwill Impairment |
| title_full_unstemmed | Goodwill Impairment |
| title_short | Goodwill Impairment |
| title_sort | goodwill impairment |
| topic | Bilanzpolitik Empirical Firmenwert Generally Accepted Accounting Principles Geschäftswert Goodwill Goodwill Impairment Impairment Investigation Offs Sellhorn SFAS under USA US-GAAP Wertberichtigung Write thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFC Accounting::KFCX Accounting: study and revision guides thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJM Management and management techniques::KJMV Management of specific areas::KJMV1 Budgeting and financial management |
| topic_facet | Bilanzpolitik Empirical Firmenwert Generally Accepted Accounting Principles Geschäftswert Goodwill Goodwill Impairment Impairment Investigation Offs Sellhorn SFAS under USA US-GAAP Wertberichtigung Write thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFC Accounting::KFCX Accounting: study and revision guides thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJM Management and management techniques::KJMV Management of specific areas::KJMV1 Budgeting and financial management |
| url | 1003253 |
| work_keys_str_mv | AT sellhornthorsten goodwillimpairment |