Under IFRS, managers can use two approaches to increase the estimated fair value of goodwill in order to justify not … countries that are likely to delay recognizing goodwill impairment (suspect firms) to a sample of control firms. First, we find … that firms in high enforcement countries use a higher discount rate to test goodwill for impairment than firms in low …

We investigate the moderate effect of the CEO knowledge-based background on goodwill impairment and abnormal return …, and its direct effect on the likelihood of goodwill impairment announcement. We apply the educational background … samples show that goodwill impairment has a negative effect on the abnormal stock return, while CEOs with a higher level of …