This study examines whether the introduction of SFAS 141 “Business Combinations†(2001) and SFAS 142 “Goodwill and other Intangible Assets†(2001) has led to more precise information about accounting goodwill in the financial statements of acquirers. Acquisitions in the...

The reason for this research is that at the beginning of the 21st century, some important changes were introduced in the international standards of accounting affecting reporting on goodwill. The intentions of the standard-setting bodies in drafting the new rules were that the financial...

In this article we have investigated whether the determinants of excess returns (especially of target excess returns) are valid for purchased goodwill as well. Among them are acquirer’s and target’s Tobin’s q, and debt assets ratio, that explain value creation of...