Until recently, it was unclear whether goodwill or intangible assets are a possible consideration for newly issued …' nominal value. This article identifies possible cases in which it is permissible to accept goodwill or intangible assets as a …

under the new rules such as IAS 36, IAS 38, and SFAS 142 where costs of purchased goodwill are subject to periodic … goodwill. I provide the conditions under which optimal (and suboptimal) investment decisions occur. The results overall suggest …