Chen, Chao; Gu, Junjian; Lobo, Gerald J. - 2021
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 …