We examine whether and how the failure in performance commitment by an acquiree affects the acquirers’ recognition of goodwill impairment. Based on a sample of A-share-listed firms during 2008-2016, we document the following evidence. First, both the likelihood and amounts of goodwill...

This study investigates whether and how a firm's voluntary adoption of International Financial Reporting Standards (IFRS) influences the extent to which firm-specific information is capitalized into stock prices measured by stock price synchronicity. We also study the role of analyst following...

This study investigates whether and how a firm's voluntary adoption of International Financial Reporting Standards (IFRS) influences stock price synchronicity or the extent to which firm-specific information is capitalized into stock prices. We also study the role of analyst following and...