We test whether an impending change in the accounting for goodwill mitigates bias in the initial values that acquirers … acquirers have a preference to minimize the value of recognized goodwill when the initial fair values assigned to intangibles do … the balance sheet appears to be specific to goodwill. Our research also complements previous archival evidence by …

significant decrease in the value relevance of intangible assets, and in particular of goodwill, after the IFRS adoption. In …

does not identify and measure expenditures on intangible investment separately from tangible investment and operating … expenditures. This contrasts with the accounting for tangible investment, which separately accounts for all expenditures as assets … investment is the logical first step in accounting for intangible investments. Learning about the firm's categories of value …

goodwill; while, others call for separate recognition of intangibles only when they are strategically important sources of … other (non-strategic) intangibles are subsumed in goodwill. Consistent with some investor views, we also find cross …