Decision usefulness of goodwill reported under IFRS

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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