Agency theory suggests that minority shareholders in private firms are vulnerable to shareholder oppression, which necessitates shareholder protection. This paper investigates a form of shareholder protection, the special representative of minority shareholders, which is used in Finland and...

This paper argues that managerial discretion plays an important role in goodwill write-off decisions under IFRS 3. We carry out an empirical analysis on Finnish listed companies between 2005 and 2009. Our evidence suggests that a new CEO is more likely to impair goodwill. We find also that...

In this paper, we explore auditors' perceptions of goodwill accounting under IFRS with a survey of Finnish KHT-certified auditors in 2011. Exploratory factor analysis indicates that auditors are divided in two distinct groups: one group has a favorable attitude towards the IFRS procedures of...