Wang, Yan; Li, Tao; Wang, Deli; Liu, Kun - In: China journal of accounting studies 9 (2021) 2, pp. 168-194
a timely provision for goodwill impairment, and the reaction of investors implies a low value relevance of goodwill … impairment disclosure. Further, trends in the market-to-book ratio indicate that the market has absorbed goodwill impairment … information before its disclosure. This paper finds that listed companies may abuse goodwill and goodwill impairment standards by …