Goodwill Impairment

An Empirical Investigation of Write-Offs under SFAS 142

von Thorsten Sellhorn

330 Seiten, Taschenbuch

Kurzbeschreibung des Verlags

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.

• Reihe: Bochumer Beiträge zur Unternehmensführung
• Themen: Wirtschaftswissenschaft, Finanzen, Betriebswirtschaft und Management Finanz- und Rechnungswesen Rechnungswesen Lehrbücher, Handbücher
• ISBN: 9783631527078
• Sprache: Englisch
• Erscheinungsdatum: 18.08.2004
• Größe: 21 x 14.8 cm
• Verlag: Peter Lang GmbH, Internationaler Verlag der Wissenschaften