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Did the goodwill accounting standard impose material economic consequences on Australian acquirers?

Kieran, James, How, Janice, & Verhoeven, Peter (2008) Did the goodwill accounting standard impose material economic consequences on Australian acquirers? Accounting and Finance, 48(4), pp. 625-647.

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Abstract

This research explores the empirical association between takeover bid premium and acquired (purchased) goodwill, and tests whether the strength of the association changes after the passage of approved accounting standard AASB 1013 in Australia in 1988. AASB 1013 mandated capitalization and amortization of acquired goodwill to the income statement over a maximum period of 20 years. We use regressions to assess how the association between bid premium and acquired goodwill varies in the pre-AASB and post-AASB 1013 periods after controlling for confounding factors. Our results show that reducing the variety of accounting policy options available to bidder management after an acquisition results in a systematic reduction in the strength of the association between premium and goodwill.

Impact and interest:

3 citations in Scopus
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0 citations in Web of Science®

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ID Code: 32158
Item Type: Journal Article
DOI: 10.1111/j.1467-629X.2007.00246.x
ISSN: 0810-5391
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Deposited On: 11 May 2010 15:40
Last Modified: 29 Feb 2012 23:55

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