{"product_id":"causes-and-consequences-of-transitional-goodwill-impairment-losses-von-pascale-lapointe-antunes","title":"Causes and Consequences of Transitional Goodwill Impairment Losses","description":"\u003cp\u003eThis dissertation investigates the causes and  consequences of the goodwill reporting choices made  by Canadian firms following the adoption of revised  standards on purchased goodwill in 2002. First, I  show that transitional goodwill impairment losses  are associated with managers' incentives to both  overstate and understate them. Furthermore,  independent board of directors and audit committees  act as a constraint on Canadian managers' goodwill  reporting choices to ensure that the economic value  of goodwill is better reflected in financial  statements. Second, I show that investors perceive  goodwill as an asset, and goodwill impairment losses  as sufficiently reliable measurements of a reduction  in the value of goodwill to incorporate them in  their valuation assessments. Finally, I show that  transitional goodwill impairment losses were  impounded in stock prices prior to 2002. Overall,  the empirical evidence contained in the dissertation  is consistent with SFAS 142\/Section 3062 improving  the quality of the financial information on goodwill  provided in the financial statements.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838353692\"\u003e\u003ch3\u003eEvidence from Canada\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838353692","offer_id":39486566989917,"sku":"9783838353692","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/9cb3ef1c-f4c8-4d0d-b7fa-bac24d80caf1.jpg?v=1776058695","url":"https:\/\/shop.autorenwelt.de\/en\/products\/causes-and-consequences-of-transitional-goodwill-impairment-losses-von-pascale-lapointe-antunes","provider":"Autorenwelt Shop","version":"1.0","type":"link"}