Henning, Steven L.; Shaw, Wayne H.; Stock, Toby - In: Review of Quantitative Finance and Accounting 23 (2004) 2, pp. 99-121
This paper investigates criticisms that U.S. GAAP had given firms too much discretion in determining the amount and timing of goodwill write-offs. Using 1,576 U.S. and 563 U.K. acquisitions, we find little evidence that U.S. firms managed the amount of goodwill write-off or that U.K. firms...
