Do Goodwill Impairments by European Firms Provide Useful Information to Investors?

Schatt, Alain; Doukakis, Leonidas C.; Bessieux-Ollier, Corinne; Walliser, Élisabeth

doi:10.1080/17449480.2016.1254348

Cited by 38 publications

(16 citation statements)

References 56 publications

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“…Due to the limited ability of external investors to obtain the company's internal information, when they learn that the company's goodwill has been impaired, they will have a negative psychology, to reduce their expectations on the stock price, and have an adverse impact on the company [27]. Another view is that the company's provision of GI will not have an adverse effect on the stock price.…”

Section: E Impact Of Gi On the Increasing Holdings Of Blockmentioning

confidence: 99%

“…At the same time, the provision of GI indicates that the company's forecast of future performance is declining, which may have a further attack to the stock price. erefore, as an intuitive economic reflection of the company's performance decline, GI may have an adverse impact on the company [27]. Once the GI provision occurs, the stock price is more likely to fall.…”

Section: E Impact Of Gi On the Increasing Holdings Of Blockmentioning

confidence: 99%

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The Impact of Goodwill Recognition and Goodwill Impairment on the Increasing Holdings of Block Shareholders

Tan

Liu

et al. 2021

Complexity

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There is a large amount of goodwill recognition and goodwill impairment. These characteristics would trigger stock price fluctuation. Hence, stakeholders will increase holdings to mitigate the volatility of stock prices. According to the data in regard to the Chinese A-share nonfinancial listed companies from 2007 to 2020, we study the reaction of block shareholders after goodwill recognition and goodwill impairment, respectively. Our findings are as follows: (1) goodwill recognition leads to increasing holdings of block shareholders; (2) goodwill impairment also leads to increasing holdings of block shareholders when there is a large amount of goodwill impairment. We also take state ownership into consideration: compared to state-owned firms, private firms show a much stronger positive relation between goodwill recognition and level of increasing holdings of block shareholders, but there is no significant relation between goodwill impairment and increasing holdings of block shareholders in state-owned firms. These empirical results provide us with abundant evidence that block shareholders would increase shareholdings when there is goodwill recognition due to private information of positive future expectation in M&A. Meanwhile, block shareholders would stabilize stock price via increasing shareholdings when goodwill is impaired.

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Section: E Impact Of Gi On the Increasing Holdings Of Blockmentioning

confidence: 99%

Section: E Impact Of Gi On the Increasing Holdings Of Blockmentioning

confidence: 99%

The Impact of Goodwill Recognition and Goodwill Impairment on the Increasing Holdings of Block Shareholders

Tan

Liu

et al. 2021

Complexity

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“…Fungsi utama evaluasi dalam hal ini adalah menyediakan informasi-informasi yang berguna bagi pihak decision maker untuk menentukan kebijakan yang akan diambil berdasarkan evaluasi yang telah dilakukan. dua dasar kegiatan dalam evaluasi, yaitu description dan judgement dan membedakan adanya tiga tahap dalam program pendidikan yaitu context, process dan outcomes (Schatt et al, 2016;Amir, 2020 PKBM melalui Diknas Kabupaten mensyaratkan untuk melakukan pemeriksaan dokter dengan dibuktikan surat sehat dari dokter; (3) memiliki pengalaman dan kompetensi pembelajaran orang dewasa, tutor memiliki kemampuan dan pengalaman dalam mengajar, sebagian besar tutor dalam pembelajaran adalah guru-guru yang mengajar di sekolahsekolah dasar negeri/ swasta atau mahasiswa keguruan semester akhir sehingga diharapkan ilmu yang didapat peserta didik mempunyai nilai yang sama dengan pendidikan formal pada umumnya; (4) bersedia membelajarkan warga belajar sampai akhir program, sebelum mengajar, tutor membuat pakta integritas/ surat pernyataan kesanggupan mengajar sampai berakhirnya program selama 3 tahun atau disesuaikan dengan kebutuhan; (5) diprioritaskan bagi yang telah mengikuti pelatihan tutor pendidikan kesetaraan. Tutor bagi pendidikan kesetaraan memiliki metode tersendiri dalam hal pembelajaran sehingga Diknas mempunyai program pelatihan khusus bagi calon-calon tutor yang kemudian nantinya calon-calon tutor tersebut memiliki kualifikasi atau kompetensi dalam mengajar di program pendidikan kesetaraan.…”

Section: Pendahuluanunclassified

Evaluasi Program Pendidikan Kesetaraan Paket A Bagi Anak Putus Sekolah di Kabupaten Gorontalo

Nurhayati

Suprapto

2020

Publik

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This study aims to evaluate the Paket A equivalency education program for school dropouts in Gorontalo District. This program evaluation research uses descriptive method with the CIPP model (Context, Input, Process, and Product). The data analysis in this study was carried out in a qualitative descriptive manner, then the qualitative data were analyzed using thematic analysis, namely comparing the data at each stage of the CIPP then concluding. In this thematic analysis, an analysis flow is adopted which consists of data collection, data presentation, data reduction and conclusion verification. The results showed that the implementation of the Paket A equivalency education program in Gorontalo District has been optimal. This is based on the objective standard criteria that have been set in this evaluation study. The length of learning for the Paket A Equivalent Education program for each class or class is adjusted to the curriculum structure above. The learning process includes academic learning, namely the efforts made by the tutor to provide insight and knowledge to learning citizens facilitated by the tutor. Penelitian ini bertujuan mengevaluasi program pendidikan kesetaraan paket A bagi anak putus sekolah di Kabupaten Gorontalo. Penelitian evaluasi program ini menggunakan metode deskriptif dengan model CIPP (Context, Input, Process, dan Product). Analisis data dalam penelitian ini dilaksanakan secara deskriptif kualitatif, kemudian data kualitatif dianalisis menggunakan analisis tematik yaitu membandingkan data pada setiap tahapan CIPP kemudian disimpulkan. Dalam analisis tematik ini, ditempuh alur analisis yang terdiri atas pengumpulan data, penyajian data, reduksi data dan kesimpulan verifikasi. Hasil penelitian menunjukkan bahwa sudah optimalnya pelaksanaan program pendidikan kesetaraan paket A di Kabupaten Gorontalo, Hal ini berdasarkan pada kriteria standar objektif yang telah ditetapkan dalam penelitian evaluasi ini. Lama pembelajaran program Pendidikan Kesetaraan Paket A untuk setiap angkatan atau kelas disesuaikan dengan struktur kurikulum diatas. Proses pembelajaran meliputi pembelajaran akademik, yaitu upaya yang dilakukan tutor untuk memberikan wawasan dan ilmu pengetahuan kepada warga belajar yang difasilitasi oleh tutor.

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“…annual impairment tests) provides useful information in a European setting (e.g. Schatt et al, 2016), there has been much less focus on the initial accounting. Because the subsequent impairment tests can be endogenously determined by the initial accounting (Zhang & Zhang, 2017), it is also important to explore whether goodwill is affected by different motives at the time of the acquisition analysis.…”

Section: Introductionmentioning

confidence: 99%

What motives shape the initial accounting for goodwill under IFRS 3 in a setting dominated by controlling owners?

Frii

Hamberg

2021

Accounting in Europe

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We investigate how different motives shape the initial accounting for goodwill in a setting dominated by controlling owners, using data from 1112 acquisition analyses reported by Swedish listed acquiring firms. In contrast to prior studies, we find no evidence that earnings-based compensation affects the proportion of the purchased price accounted for as goodwill. Instead, we find that when a family-owned firm is the acquirer, a larger proportion of the purchase price is accounted for as goodwill than as specific assets and liabilities. These two findings indicate that controlling owners may curb managerial motives, while controlling family owners apply the discretion of IFRS 3 according to their motives. We also find in this setting that acquisition-related motives have a significant impact on the proportion of the purchased price accounted for as goodwill. Overall, our analyses indicate that the motives shaping goodwill accounting choices depend on the institutional setting.

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Do Goodwill Impairments by European Firms Provide Useful Information to Investors?

Cited by 38 publications

References 56 publications

The Impact of Goodwill Recognition and Goodwill Impairment on the Increasing Holdings of Block Shareholders

The Impact of Goodwill Recognition and Goodwill Impairment on the Increasing Holdings of Block Shareholders

Evaluasi Program Pendidikan Kesetaraan Paket A Bagi Anak Putus Sekolah di Kabupaten Gorontalo

What motives shape the initial accounting for goodwill under IFRS 3 in a setting dominated by controlling owners?

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