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Appropriateness of Goodwill Impairment: Evidence from Australia
conference contribution
posted on 2023-05-24, 19:35 authored by Shahwan, Y, Alia AlshamariAlia AlshamariImpairment requirement of goodwill asset is one of the most controversial issues in financial reporting. This study provides empirical evidence on whether goodwill impairment has significant impact on equity values. It analyses the information content of goodwill impairment in the determination of company’s market valuation by Australian Stock Exchange (ASX) listed companies that clearly reported goodwill impairment over the period from 2011 to 2018 inclusive. Evidence suggests that there is a statistically significant association between equity market values and goodwill impairment in the determination of company’s market valuation, concluding that the Australian market perceives goodwill impairment as having information content when valuing companies and the use of standardized impairment requirement is appropriate.
History
Publication title
53rd International Business Research ConferenceDepartment/School
TSBEEvent title
53rd International Business Research ConferenceEvent Venue
Melbourne, AustraliaDate of Event (Start Date)
2019-11-21Date of Event (End Date)
2019-11-22Repository Status
- Restricted