TY  - BOOK
AU  - Thorsten Sellhorn
PY  - 2018
CY  - Berlin, Germany
PB  - Peter Lang Verlag
SN  - 9783631754986
TI  - Goodwill Impairment
T2  - An Empirical Investigation of Write-Offs under SFAS 142
DO  - 10.3726/b14014
UR  - https://www.peterlang.com/document/1068550
N2  - 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.
KW  - Goodwill, Wertberichtigung, Generally Accepted Accounting Principles, USA, Bilanzpolitik, US-GAAP, Firmenwert, Geschäftswert, Impairment
LA  - English
ER  -