Goodwill Impairment An Empirical Investigation of Write-Offs under SFAS 142
Materialtyp:
ArtikelSerie: Utgivningsinformation: Bern Peter Lang International Academic Publishers 2018Beskrivning: 1 electronic resource (350 p.)Innehållstyp: - text
- computer
- online resource
- 9783631754986
- Bilanzpolitik
- Business and Management
- Empirical
- Finance
- Firmenwert
- Generally Accepted Accounting Principles
- Geschäftswert
- Goodwill
- Impairment
- Investigation
- K Economics
- KF Finance and accounting
- KFC Accounting
- KFCX Accounting
- KJ Business and Management
- KJM Management and management techniques
- KJMV Management of specific areas
- KJMV1 Budgeting and financial management
- Offs
- SFAS
- Sellhorn
- US-GAAP
- USA
- Wertberichtigung
- Write
- study and revision guides
- thema EDItEUR
- under
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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.
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eng
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