并购后的商誉减值:收购层面的证据

IF 2.3 Q2 BUSINESS, FINANCE
James Potepa, Jacob Thomas
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引用次数: 0

摘要

为了提供更全面的ASC 350-20合规情况,我们手动收集数据,跟踪893次大型收购。我们的模型将减值与收购后的会计和市场表现下降以及收购年份的属性联系起来,确定了349起可能减值的收购。我们提供的证据表明,这些有风险的收购中有65%会在未来两年内受损。我们的研究应该对未来的研究有用,因为它澄清了手收集,市场与账面比率,细分市场水平数据和波动性的作用。我们还提供了描述性证据的损害模式。总的来说,我们发现了高度的服从和很少的机会主义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Goodwill Impairment after M&A: Acquisition-Level Evidence
ABSTRACT To provide a fuller picture of compliance with ASC 350-20, we hand-collect data to track 893 large acquisitions across time. Our model, which links impairments to post-acquisition accounting and market performance declines as well as acquisition-year attributes, identifies 349 acquisitions as likely to impair. We provide evidence that 65 percent of these at-risk acquisitions impair in the next two years. Our study should be useful to future research as it clarifies the role of hand-collection, market to book ratios, segment-level data, and volatility. We also offer descriptive evidence on impairment patterns. Overall, we find high levels of compliance and little opportunism.
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来源期刊
Journal of Financial Reporting
Journal of Financial Reporting BUSINESS, FINANCE-
自引率
6.70%
发文量
19
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