Decision usefulness of goodwill reported under IFRS

OPEN ARCHIVE

Union Jack
Dannebrog

Decision usefulness of goodwill reported under IFRS

Show simple item record

dc.contributor.advisor Petersen, Christian en_US
dc.contributor.advisor Kvaal, Erlend en_US
dc.contributor.author Stenheim, Tonny
dc.date.accessioned 2012-01-23
dc.date.accessioned 2012-01-24T07:35:41Z
dc.date.available 2012-01-24T07:35:41Z
dc.date.issued 2012-01-24
dc.identifier.isbn 9788792842350
dc.identifier.isbn 9788792842343
dc.identifier.uri http://hdl.handle.net/10398/8398
dc.description.abstract The dissertation investigates the decision usefulness of goodwill-accounting numbers. Theory and methodology from value relevance, earnings-management and corporate-governance literature are employed in order to investigate the decision usefulness. The dissertation compares the value relevance of goodwill reported under the impairment-only method (current IFRS) with the value relevance of goodwill reported under alternative accounting methods. It also investigates the extent to which goodwill-impairment losses under IFRS are associated with variables for economic impairment and/or earnings-management incentives. And finally, it investigates whether an estimate of misrepresentation of economic impairment in goodwill is associated with earnings-management incentives and/or corporate-governance mechanisms. The results suggest that the impairment-only method provides accounting numbers that more faithfully depict economic fundamentals as reflected in stock prices. The results also suggest that reported goodwill-impairment losses are not strongly affected by earnings-management incentives. Still, misrepresentation of economic impairment in goodwill does not seem to be constrained by corporate-governance mechanisms. In overall, these findings support the recently implemented impairment-only method under current IFRS en_US
dc.format.extent 651 en_US
dc.language eng en_US
dc.publisher Copenhagen Business School en_US
dc.relation.ispartofseries PhD Series;4.2012
dc.title Decision usefulness of goodwill reported under IFRS en_US
dc.type phd en_US
dc.accessionstatus modt12jan24 lbjl en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Regnskab og Revision en_US
dc.contributor.departmentshort RR en_US
dc.contributor.departmentuk Department of Accounting and Auditing en_US
dc.contributor.departmentukshort AA en_US
dc.idnumber 9788792842350 en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2012 en_US


Creative Commons License This work is licensed under a Creative Commons License.

Files Size Format View
Tonny_Stenheim_2ed.pdf 2.261Mb PDF View/Open PhD afhandling

This item appears in the following Collection(s)

Show simple item record