Paugam, Luc; Astolfi, Pierre; Ramond, Olivier - Université Paris-Dauphine (Paris IX) - 2015
the following results: (1) Abnormal Goodwill is negatively associated with cumulative abnormal returns surrounding the … first disclosure of the PPA, (2) there is a stronger negative reaction to Abnormal Goodwill for acquisitions that were … increases as Abnormal Goodwill increases, and (4) future performance decreases as Abnormal Goodwill increases. Overall, our …