in the business models, strategies and performance of business enterprises. Accounting standard‐setters, however, by and … large, are oblivious to this world‐wide development. I establish in this study that this accounting resistance to change … seriously harms investors and the economy‐at‐large, and accordingly I propose feasible remedial changes to the accounting system …

We test whether an impending change in the accounting for goodwill mitigates bias in the initial values that acquirers … accounting alters, but does not eliminate, bias in acquisition-date fair values. Specifically, we provide the new insight that … not affect future earnings, as under the planned accounting change. Further, this preference regarding the composition of …