Goodwill impairment : an empirical investigation of write-offs under SFAS 142
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Bibliographic Information
Goodwill impairment : an empirical investigation of write-offs under SFAS 142
（Bochumer Beiträge zur Unternehmungsführung und Unternehmensforschung, Bd. 70）
Peter Lang, 2004
- : gw
- : us
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Note
Includes bibliographical references (p. 283-322)
Summary in German
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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.
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