Journal article
The value relevance of goodwill impairment
Research in accounting regulation, v 23(2)
2011
Abstract
After a 5
year deliberation, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standard (SFAS) No. 142,
Goodwill and Other Intangible Assets. The main objective of SFAS 142 is to increase transparency. We find that goodwill impairment charges are negatively viewed by investors, on average, but financial health moderates the relation. Returns for profitable firms are negative, but returns for loss firms are positive. The regulatory implications are that the goodwill impairment charge is conveying value relevant information.
Metrics
24 Record Views
27 citations in Scopus
Details
- Title
- The value relevance of goodwill impairment
- Creators
- Wei Xu - New Jersey Institute of TechnologyAsokan Anandarajan - New Jersey Institute of TechnologyAnthony Curatola - Drexel University
- Publication Details
- Research in accounting regulation, v 23(2)
- Publisher
- Elsevier
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Neurobiology and Anatomy; Accounting
- Scopus ID
- 2-s2.0-80655124637
- Other Identifier
- 991019173522304721