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Appropriateness of Goodwill Impairment: Evidence from Australia

Citation

Shahwan, Y and Alshamari, A, Appropriateness of Goodwill Impairment: Evidence from Australia, 53rd International Business Research Conference, 21-22 November 2019, Melbourne, Australia (2019) [Conference Extract]


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Abstract

Impairment requirement of goodwill asset is one of the most controversial issues in financial reporting. This study provides empirical evidence on whether goodwill impairment has significant impact on equity values. It analyses the information content of goodwill impairment in the determination of company’s market valuation by Australian Stock Exchange (ASX) listed companies that clearly reported goodwill impairment over the period from 2011 to 2018 inclusive. Evidence suggests that there is a statistically significant association between equity market values and goodwill impairment in the determination of company’s market valuation, concluding that the Australian market perceives goodwill impairment as having information content when valuing companies and the use of standardized impairment requirement is appropriate.

Item Details

Item Type:Conference Extract
Keywords:goodwill impairment, equity values, Australian Stock Exchange (ASX)
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, auditing and accountability
Research Field:Financial accounting
Objective Division:Commercial Services and Tourism
Objective Group:Financial services
Objective Field:Finance services
UTAS Author:Alshamari, A (Mrs Alia Alshamari)
ID Code:137067
Year Published:2019
Deposited By:TSBE
Deposited On:2020-01-30
Last Modified:2020-02-04
Downloads:0

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