Han, Hongwen; Tang, Qingquan - In: China Journal of Accounting Research 13 (2020) 3, pp. 271-289
of an untimely recognition of goodwill impairment. In this paper, we investigate the financial consequences of goodwill … future stock price crash. These adverse effects continue for the three years following the goodwill impairment avoidance. Our … results indicate that goodwill impairment avoidance has detrimental impacts on a firm's future performance and stock price and …